Pot shop spending falls in January, the first monthly decline since legalization

gb123

Well-Known Member
:hump::idea::lol:

The agency’s latest retail trade sales figures show January sales totaled $53.4 million, a 4.7 per cent decline from $55.9 million in December. StatCan started tracking sales at cannabis stores in October 2018, the month recreational sales were legalized nationwide.

Month-over-month sales declined in 10 provinces and territories in January. Data for Nunavut was not included in the report.

The largest negative swings were in Northwest Territories and Newfoundland and Labrador, where sales dropped 29.8 per cent and 25.6 per cent respectively.

British Columbia and Ontario were the only regions to report an untick. Sales in B.C. climbed 58.43 per cent in January compared to December. Ontario saw sales rise 2.6 per cent.

Canada’s legal cannabis market is a patchwork of public and private online and brick-and-mortar sales, operating to varying degrees of consumer satisfaction.

In Ontario, for example, physical stores will not be able to open their doors until April 1. B.C. has only one physical cannabis store open for business, a provincially-run location in Kamloops.


Pot shops in Alberta raked in the most money in January with $14.0 million in sales. The province has allowed a robust private brick-and-mortar retail environment to develop since recreational legalization last October.


“The retail numbers add to the evidence that rising debt service costs and slower housing markets are slowing household spending growth,” RBC Economics senior economist Nathan Janzen wrote in a note to clients on Friday. “Household spending can no longer be counted on to drive above-trend economic growth in Canada.”
 

The Hippy

Well-Known Member
I stopped buying...hence the drop.....................................of my pants that is......hahahaha................................sorry groper hair silver spoon
 

Actuosity

Well-Known Member
What did they really expect
Seriously flawed business plans
Flawed business plans, terrible grade cannabis at crazy high prices, lp's pricing real growers out of the market (asking 25k before they'll provide licenses to folks).

They honestly should have just let it be a craft market like alcohol, provincially regulated stores and small time individuals could easily live in harmony. The "legal" pot purchasing high is wearing off for people, lack of supply in many areas, and everyone's going back to their john doe.
 

kingzt

Well-Known Member
The novelty is wearing off. I am biased but I don't understand the allure of going to a dispensary.
 

Actuosity

Well-Known Member
The novelty is wearing off. I am biased but I don't understand the allure of going to a dispensary.
Medical dispensary are still nice, at least if you find small family run ones. Sad that they are still legal gray area's. I went and got my first hunk of plastic from the government in the first week, they ran out of stock the next week and they've been unable to stock anything but their preground grams since then, check whenever im in for beer.
 
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