Recreational cannabis sales hit $2.6B in 2020
Published on February 22, 2021 by oz. staff
There were $2.6 billion in legal recreational cannabis sales in 2020.
At $8 a gram, that’s 325 million grams.
The tally comes from the monthly figures released by Statistics Canada in the 2020 calendar year.
December was a particularly good month for Canadian cannabis retailers. Just under $300 million was sold.
To put that into perspective, 2019 calendar year sales were only $908 million, so December alone sold more than a 1/3 of what was sold in all of 2019.
One Statistics Canada researcher who monitors the sales numbers told us he was even surprised at how fast the cannabis industry is growing.
All provinces are seeing double-digit percentage increases in monthly sales totals month over month.