Statistics Canada recently released retail sales data for January 2022, showing nationwide legal cannabis sales dropping from the previous month.
Looking at the same data on a per day basis paints a picture of softening demand in Canada’s legal cannabis industry, where sales have been sliding each month from September 2021 .
cannabis markets have consistently shown that October-November and January-February are typically periods of relatively weaker sales, providing hope that Canadian legal cannabis demand could pick up again come March, when a significant month-on-month boost is frequently observed.