The CCSI was assessed at C$5.72 per gram this week, down 0.8% from last week’s C$5.77 per gram. This week’s price equates to US$2,120 per pound at the current exchange rate.
Each week, Business of Cannabis delivers a series of insights from our partners at Cannabis Benchmarks®.
Statistics Canada recently released retail sales data for February 2021, which totaled C$262.9M.
After January saw a small decline in average daily sales, they were on the rise again in February, when they increased by C$0.38M. Most provinces have begun to see average daily sales plateau, with Ontario the exception.
Ontario’s industry continues to see a growth trajectory as it plays a bit of catch-up in terms of the number of operational retailers in the province. Cannabis Benchmarks calculated average per-capita spending in each province’s regulated market amongst residents of legal age.
In Ontario, that figure is C$7.63 per month, less than half that of Alberta’s C$15.42 per month, indicating significant room for retail expansion and sales growth in Ontario’s legal market.
Source: Canada Cannabis Spot Index, Cannabis Benchmarks
