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ÎÚÑ»´«Ã½ legal cannabis sales jump 13.8 per cent in October

Higher possession limit for cannabis drinks could fuel future sales growth for the sector
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ÎÚÑ»´«Ã½ upped its possession limit for cannabis-laced drinks from five to 48 on Dec. 2

ÎÚÑ»´«Ã½'s legal cannabis sales have risen on a year-over-year basis each month for years, thanks to new stores opening, a wider range of products offered and successful provincial efforts at combatting black-market sales.

That trend continued in October, when sales rose 13.8 per cent year-over-year to $57,503,000, according to Statistics ÎÚÑ»´«Ã½.

Cannabis-product sales in ÎÚÑ»´«Ã½ may get a boost in December and in 2023 given that Health ÎÚÑ»´«Ã½ earlier this month , to 48 355-ml cans, up from five 355-ml cans. That change took effect on Dec. 2.

Cannabis-laced drinks remain a small part of overall legal cannabis-product sales but consumers' ability to now buy six-packs or larger-sized containers could result in more revenue for retailers.

ÎÚÑ»´«Ã½'s record month for legal cannabis sales was September, when British Columbians shelled out $61,654,000 on cannabis products – up 25.3 per cent from the $49,197,000 spent in September 2021. Statistics ÎÚÑ»´«Ã½ revised and increased its data for September sales, as its on legal cannabis products in September.

ÎÚÑ»´«Ã½-wide, consumers spent $389,151,000 on legal cannabis products in October, which was up 9.5 per cent from the same month in 2021. Statistics ÎÚÑ»´«Ã½ also revised and increased its data for legal September cannabis sales nationwide, to $392,259,000, from $389,869,000.

July is the record month nationally for legal cannabis sales, as consumers spent $392,867,000 on those products, according to the nation's number cruncher. 

There was some speculation earlier this year that ÎÚÑ»´«Ã½'s legal cannabis sales would fall year-over-year in August because of the two-week . That job action caused the  and some consumers to potentially return to buying products from the black market. 

Statistics ÎÚÑ»´«Ã½ data, however, show that this did not happen, as British Columbians spent what had been an all-time monthly record of $59,089,000 on legal cannabis in August, up 18.7 per cent from August 2021.

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