Legal pot sales decline
The Financial Post reports in its Saturday, Nov. 23, edition that legal recreational weed sales declined across the country in September, with New Brunswick charting one of the largest month-over-month drops, according to the latest data from Statistics Canada released Friday. The Post's Vanmala Subramaniam writes that about $123-million in legal adult-use cannabis was sold across Canada, down 2.4 per cent from $126-million in sales in August. New Brunswick -- the province that is looking to sell its retail weed business to the private sector because of compounding losses -- sold 40 per cent less pot in September than it did the previous month, according to StatsCan. The province took in just $3.3-million from cannabis sales in September, compared with $5.4-million in August. Ontario, meanwhile, saw a 6-per-cent decline in pot sales from August, bringing in $31.8-million compared with $33.8-million the month before. September recreational cannabis sales increased by 4.7 per cent in Quebec, where there are currently 28 legal retail stores in operation. Cannabis sales could take a hit in Quebec in 2020, given that as of Jan. 1, Quebeckers under 21 will not be legally allowed to purchase or consume cannabis. © 2019 Canjex Publishing Ltd.
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