Nova Scotia Sold $121 million Worth Of Cannabis Products In 2023

According to the Nova Scotia Liquor Corporation, and as originally reported by StatCann, the Canadian province’s Crown corporation, which operates 49 retail cannabis locations, sold $121 million worth of cannabis in 2023.

“Cannabis transactions increased by 12.2%, but the average basket size decreased by 3% to $37.27, along with a 4% reduction in the average price per gram of $5.96.” StatCann stated in its original reporting. 79% of Nova Scotians now live within 10 kilometers of a licensed cannabis retail outlet according to the coverage.

Canada’s national legal cannabis industry sold C$428.6 million worth of products in April 2024 according to data previously released by Statistics Canada. April’s cannabis sales total is a 5.3% increase compared to March 2024 when Canada’s legal cannabis industry sold C$406.8 million worth of products.

“In 2023, total sales increased 12.5% to C$5.09 billion, and in 2024 they have increased just 3.0% from a year ago.” stated New Cannabis Ventures in its original coverage. Below is a table containing monthly cannabis sales totals in Canada over the last year via Statistics Canada:

monthly canada cannabis sales data 2023 2024

According to other data that was recently published by Statistics Canada, “In 2023, more than one-third of adults aged 18 to 24 years (38.4%) and 25 to 44 years (34.5%) reported using cannabis in the previous 12 months, compared with 15.5% of adults aged 45 years and older.”

Statistics Canada also found that 8.7% of adults aged 18 to 24 years and 10.3% of adults aged 25 to 44 years report consuming cannabis daily or almost daily.

Additionally, “over two in three” cannabis consumers bought their cannabis from regulated sources according to government data. Statistics Canada estimates that the nation is home to “more than 3,000 legal cannabis stores.”

According to survey data, Statistics Canada found that “the main reasons reported for buying cannabis from a legal source were product safety (38.0%), convenience (16.9%) and a desire to follow the law (12.9%).”

Cannabis flower is the top selling product in Canada’s legal market, accounting for 64.9% of total industry sales. Total sales of recreational cannabis by provincial cannabis authorities and other retail outlets increased 15.8% in the 2022/2023 fiscal year, reaching a total of $4.7 billion in sales. The sales of ‘inhaled extracts,’ or concentrates, increased by 59% during the 2022/2023 fiscal year.

“Canadians of legal age spent on average $150 per year per person on cannabis in 2022/2023.” stated Statistics Canada.

Canada’s emerging legal cannabis industry is generating a consider sum for public coffers, which benefits all of Canadian society, not just cannabis consumers. Statistics Canada has determined that, “Federal and provincial governments received $1.9 billion from the control and sale of recreational cannabis in 2022/2023, up by almost one-quarter (+24.2%) from a year earlier.”