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How to compare annual cumulative cannabis sales in Canada

The CCSI was assessed at C$5.20 per gram this week, up 0.6% from last week’s C$5.17 per gram. This week’s price equates to US$1,848 per pound at the current exchange rate.

cannabis news about cumulative cannabis sales in Canada

Each week, Business of Cannabis delivers a series of insights from our partners at Cannabis Benchmarks®.

Statistics Canada recently released retail sales data for December 2021, showing nationwide legal cannabis sales once again grew during the holiday month. Sales in December grew to C$382.4M. The month-on-month increase of C$31M or 8.5% led to the highest monthly sales since legalization.

This latest report also gives us a complete view of 2021 sales, which totaled C$3.92B. This was a C$1.3B or 50% increase year-on-year.

Cannabis Benchmarks expects 2022 will exceed last year’s sales as more stores are rolled out across key provinces, and lower price points and product variety continue to attract illicit market consumers to the legal markets. Based on the latest report, the annual sales run rate for 2022 is expected to hit at least C$4.5B.

Source: Canada Cannabis Spot IndexCannabis Benchmarks

See previous weekly updates from Cannabis Benchmarks:

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