Blogs

Canadians bought more than $16 billion worth of cannabis in the first five years of legalization

Jan 16, 2024 | Community News

January 16, 2024

From October 2018 to October 2023, Canadian cannabis stores reported sales exceeding $16 billion, with steady year-over-year growth. As of October 2023, monthly sales reached over $448 million, marking an increase from around $392 million in October 2022, although slightly down from the peak of almost $467 million in August 2023. The number of cannabis retail stores in Canada has also continued to rise, reaching 3,694 as of January 2024, with varying numbers across provinces.

  • British Columbia with 510 stores
  • Alberta with 749
  • Saskatchewan with 182
  • Manitoba with 207 (including 115 in Winnipeg)
  • Ontario with 1,787
  • Quebec with 98
  • New Brunswick with 43
  • Nova Scotia with 49
  • Newfoundland and Labrador with 52
  • The Northwest Territories have 6 brick-and-mortar locations and 1 private online store, Nunavut has 1, and Yukon has 6.

Health Canada’s annual survey indicates that 73% of respondents are purchasing cannabis from legal sources, a significant increase from 37% in 2019 and almost 70% in 2022. The survey also highlights popular cannabis products, with dried flower or leaves, edible cannabis, and vape pens or cartridges leading in sales. The average monthly spending on cannabis among users dropped from $73 in 2018 to close to $63 in the 12 months leading up to the survey conducted between May and July. Despite these figures, industry experts caution that government-collected data may be influenced by underreporting due to the lingering stigma around cannabis use and purchases from illicit sources.

Did you like this article?

Did you like this article?

0 Comments

Latest Posts

Everything You Need to Know About the 2025 Concacaf Gold Cup

The 2025 Concacaf Gold Cup is set to kick off from June 14 to July 6, bringing together 16 national teams from North America, Central America, and the Caribbean—plus guest nation Saudi Arabia—in the region’s premier international soccer tournament. This year’s edition...

ASADO Festival will Heat Up Vaughan with Food, Music, and Culture

Vaughan, ON – June 2025 — A brand-new cultural celebration has arrived in the city of Vaughan, and it’s already sparking excitement across the GTA. ASADO, a Latin-inspired food and music festival, will make its sizzling debut in Vaughan this summer, bringing together...

Karol G Announces New Album ‘Tropicoqueta’

Colombian superstar Karol G is ready to brighten up the season with her fifth studio album, Tropicoqueta. Revealed in a playful Instagram video on June 9, Karol channels tropical icons like Carmen Miranda—only with her own twist, rocking bongos and coconuts in a bold...

Events

Related articles