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August 4, 2020

Update on the growth in the number of licensed retailers in Canada

This week's Canada Cannabis Spot Index report provides an update on the growth in the number of licensed retailers in Canada in recent months.

July 27, 2020

Canadian Monthly Cannabis Inventory and Inventory Change

This week, Cannabis Benchmarks examines the continuing buildup of cannabis product inventory held in federal and provincial storage facilities. Read on.

July 20, 2020

Number of cannabis stores added in Canada by month

During the first half of this year, an average of just under 50 new stores opened monthly even as businesses and regulators dealt with the coronavirus fallout. We anticipate that the rate of new store openings will increase going forward. Read on.

July 13, 2020

July 14, 2020 | Benchmarks Update - Cannabis Prices in Canada

In recent Cannabis Benchmarks CCSI reports, we have analyzed the price differential between the legal and illegal markets in Canada. Relatively elevated prices in the country's licensed system is one of the primary reasons for the persistence of a robust illicit market, along with lack of convenient retail access. Read on.

July 7, 2020

July 7, 2020 | Benchmarks Update - Ontario Retail Store Count Projections

As of the end of June, Cannabis Benchmarks counted 962 open shops, an increase of almost 60 compared to the prior month and up by nearly 675 stores year-over-year. Alberta remains home to the most legal cannabis retailers in Canada, but store counts in other provinces are growing. Ontario added the most stores of any province in June and is now home to 100 licensed retailers. Read on.

June 30, 2020

June 30, 2020 | Benchmarks Update - Daily Cannabis Sales Growth

The elevated demand for cannabis seen in March in response to the COVID-19 pandemic was maintained in April, according to new data from Statistics Canada. Monthly sales in April reached C$180 million. While total sales were down slightly from March, national average daily sales saw a 3% rise. Learn more.

June 22, 2020

June 23, 2020 | Benchmarks Update - Ontario Cannabis Store Online Sales

This week's Canada Cannabis Spot Index examines a data from the Ontario Cannabis Store for the year ending March 30, 2020 - specifically, online sales. Learn more.

June 16, 2020

June 16, 2020 | Benchmarks Update - Analyzing Ontario Cannabis Store Data

This week's Canada Cannabis Spot Index examines a new report from the Ontario Cannabis Store (OCS), which details the development of the province's legal cannabis market from April 1, 2019 through March 31, 2020. Learn more.

June 8, 2020

June 9, 2020 | Benchmarks Update - Industrial Hemp Sector in Canada

Licensed industrial hemp cultivation for commercial purposes first took place in 1998. While 2019 production data is not yet available, information from 2018 published by Health Canada shows that over 700 hemp cultivation licenses were issued that year, encompassing over 31,500 hectares (almost 78,000 acres) approved for hemp growing. Most of Canada's hemp production in 2018 occurred in the three prairie provinces: Alberta, Saskatchewan and Manitoba. Learn more.

June 1, 2020

June 2, 2020 | Benchmark Update - Average Daily Sales per Retail Store, March 2020

March 2020 cannabis sales were recently released by Statistics Canada; retail revenue totaled C$181M, up almost C$30M month-on-month and C$120M year-on-year. Read more.

May 26, 2020

May 26, 2020 | Benchmark Update - Retail Stores Per Capita

As of this month, Cannabis Benchmarks counts almost 900 legal stores in the country, an increase of over 120 from the end of February. Over half the stores nationwide are located in Alberta. Meanwhile, Ontario, has fewer than 75 stores open. Read on...

May 18, 2020

May 19, 2020 | Benchmark Update - Number of Cannabis Consumers by Province

Data on Canadian cannabis usage from Statistics Canada shows that the number of users trended upward from the beginning of legal recreational sales in Q4 2018 through 2019. Cannabis Benchmarks anticipates that usage will continue to increase in 2020 - and at a greater rate, on average, than it did in 2019 - due to more widely available cannabis 2.0 products and more retail locations. Learn more.

May 11, 2020

May 12, 2020 | Benchmarks Update - Dry Cannabis Consumption by Patients

This week's CCSI report examines newly-released medical cannabis sales data.Although the data is only current to September 2019, Cannabis Benchmarks has modeled medical cannabis sales from October 2019 through February 2020. Sales of cannabis to registered patients have declined sharply since the recreational market opened, but our projections indicate that they will eventually find a bottom even as recreational sales continue to grow.

May 4, 2020

May 5 | Benchmarks Update - Monthly Legal Non-Medical Cannabis Volume Sold, February 2020

Data from Statistics Canada shows that the total amount spent on both legal and illegal cannabis in the country has held steady since the start of legalization, but the licensed market has progressively been capturing a larger portion of the pie. Read on.

April 27, 2020

Apr. 28 | Benchmarks Update - Recreational Cannabis Sold in Canada, February 2020

In February, total Canadian retail cannabis sales dropped a bit month-over-month, to C$150M. However, the downturn in the total was due to the short month, and increasing average daily sales in February point to continued growth. Read on.

April 21, 2020

Apr. 21 | Benchmark Update - Canada Monthly Retail Sales from Online and Brick & Mortar Stores

Prior to the COVID-19 pandemic, Cannabis Benchmarks' analysis showed that increasing recreational cannabis sales in Canada were highly correlated to the opening of new brick-and-mortar retail locations. Despite online sales being available from the start of legalization, Canadians appear to greatly prefer purchasing cannabis in person. Read on.

April 13, 2020

Apr. 14, 2020 | Benchmark Update - Non-Medical Volume Sold in Canada, Oct. 2019-Jan. 2020

This week's CCSI report reviews Cannabis Benchmarks models of non-medical cannabis sales revenue and volume from October 2019 through January 2020. Read on.

April 6, 2020

Apr. 8, 2020 | Benchmark Update - Recreational Monthly Sales Projection

Cannabis Benchmarks has modified its projections for Canadian recreational cannabis sales in 2020.