In emerging industries like Canadian recreational weed, accurately deciphering data can be a doozy.
May’s record retail sales figures from Statistics Canada are a prime example. Total sales for the month came in at $185,897,000 — a 4.2 per cent increase from April — and it looks like the Covid economic timeline of stockpile, quarantine then spend again could be the most plausible explanation.
At first you might think that the big numbers mean that stores are cashing in, but reports of relatively flat sales from individual outlets suggest a different scenario. However, that theory was dashed by an official statement from StatsCan as their office closed for the evening.
“In Ontario, Quebec, Alberta and British Columbia, the number of new cannabis store locations and net of closed locations, did not impact the overall cannabis stores sales figures for these provinces from April 2020 to May 2020.”
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