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    March Brings Record Surge in Retail Cannabis Sales

    Retail cannabis sales in Canada saw a modest increase in March 2025, rising to $428.4 million from $408.2 million in February. This represents a steady upward movement, marking continued growth in the industry, especially when compared to the $406.8 million in March 2024.

    This year-over-year increase reflects a broader trend that began in August 2024, with retail cannabis sales consistently climbing each month since then. While the industry experienced some turbulence earlier in 2024 with a few months of year-over-year declines, recent data shows renewed strength and stability in the market.

    For most of the past two years, monthly retail cannabis sales across Canada have remained within the $400 to $500 million range.

    This fluctuation points to a maturing industry that has found a relatively stable monthly baseline, even as seasonal and regional factors occasionally cause short-term shifts.

    The data, sourced from Statistics Canada’s seasonally adjusted Monthly Retail Cannabis Sales, also sheds light on regional performance. Ontario remains Canada’s cannabis powerhouse, reporting $174.5 million in sales in March 2025—more than double Alberta’s $81.5 million, which holds second place.

    British Columbia followed with $61.6 million in March sales, while Quebec posted $45.6 million. Alberta and BC’s combined totals still fell short of Ontario’s, highlighting just how dominant the province is in Canada’s retail cannabis market.

    Smaller provinces also show a noteworthy trend. Combined sales for Manitoba and Saskatchewan reached $39 million in March—just below Quebec’s total alone. This further illustrates the concentration of retail cannabis sales in a few key provinces, while others continue to grow at a slower pace.

    As the Canadian cannabis industry moves deeper into 2025, it’s clear that consumer demand remains strong, particularly in the larger provinces. While monthly sales fluctuations are expected, the consistent year-over-year growth since late 2024 signals positive momentum. Retailers and investors alike will be watching closely to see if this upward trend continues through the summer months and into the fall.

     

    by StratCann

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    Buzz

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