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Canada Licensed Marijuana Sales Jumped 19% in March

Eric Volkman, The Motley Fool
·2 min read
Canada Licensed Marijuana Sales Jumped 19% in March

In Statistics Canada's latest monthly domestic retail sales update, the government's official numbers cruncher revealed that cannabis sales rose by 19% on a month-over-month basis in March to $181 million Canadian (US$130 million). Much of this, it has to be said, is likely due to "stocking up" behavior among cannabis consumers. March is when mandatory business shutdowns necessitated by the the SARS-CoV-2 coronavirus began in many locations, Canada included.

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