Cannabis Retail Sales Data in Canada

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January 29, 2020
November Sales Data
Cannabis retail sales in Canada created a yet another record. Total revenues recognized by Cannabis stores in Canada reached a new high, coming in at $135.7 million.

The revenue figure was higher on a sequential and on a year on year basis. To put things in perspective, Canadian Cannabis retail sales came in at $53.7 million during November 2018. This indicates that there's a substantial year over year growth.

However, concerns around the Canadian Cannabis Retail growth story remain . Sequential revenue growth stood at about 5.5% for November. This indicates that Canadian Cannabis producers are facing bottlenecks in their domestic market.
January 29, 2020
December 26, 2019
October Sales Data
Cannabis retail sales in Canada climbed to record levels in October coming in at $128.97 million. The revenue figure rose sequentially and on a year on year basis during October.

While that's a positive, there's also a catch here. Cannabis retail sales growth in Canada has slowed down considerably after growing at a rapid rate in the past several months. From growing at 20%-plus rates, Cannabis retail sales in Canada grew by only about 5% in the month of October 2019.

This may indicate that either the retail supply channel (stores or the delivery network) is bottlenecked or maybe the demand isn't growing as fast as Cannabis producers previously anticipated.
December 26, 2019

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