Canadian cannabis sales rebound strongly in March to record CA$358.8M

What’s the right revenue per square foot? What’s a realistic business outlook for cultivators? Get realistic market forecasts, state-by-state insights and benchmarks. Get the 2023 Factbook.

Canadian sales of regulated recreational cannabis hit an all-time high of almost 358.8 million Canadian dollars ($279.6 million) in March, according to Statistics Canada retail sales data released Thursday.

That figure represents a rebound of 10.7% from February’s marijuana sales, although March had three more days than February.

February sales were revised downward to CA$324.1 million, or roughly CA$12.3 million less than Statistics Canada previously reported.

Cannabis sales of nearly CA$145 million in Ontario comprised 40.4% of the national monthly total in March, increasing by 10.9% over February.

March cannabis sales in Alberta were worth CA$63.2 million, up 9.9% month-over-month.

In British Columbia, monthly sales increased by 21.3% over February to CA$56.2 million.

March retail sales and month-over-month increases in the remaining provinces were:

  • Quebec: CA$42.5 million (+1.5%).
  • Saskatchewan: CA$14.9 million (+1.5%).
  • Manitoba: CA$13.9 million (+14.5%).
  • Nova Scotia: CA$8.1 million (+14.4%).
  • New Brunswick: CA$6.3 million (+9.3%).
  • Newfoundland and Labrador: CA$5.2 million (+8.9%).
  • Prince Edward Island: CA$1.8 million (+9%).

Apply to speak at MJBizCon 2023

Think you’ve got a great story, insights, or best practices to share about your cannabis business? We want to hear from you!

The MJBizCon team is now accepting speaker applications for the 2023 event in Las Vegas.

We are looking for engaging industry leaders from all sectors of the cannabis industry, whether you run a multi-state operation or a mom-and-pop business.

Apply to speak at MJBizCon today – The speaker application portal closes May 5!

In Yukon Territory, monthly sales increased by 11.4% to CA$844,000.

Statistics Canada did not report monthly cannabis sales in Nunavut or the Northwest Territories.