Canadians spend twice as much on house plants and cut flowers than on the stuff you smoke

Canadians spend twice as much on house plants and cut flowers than on the stuff you smoke

Monthly sales of legal cannabis have surpassed $100M, but it

still lags alcohol, lottery tickets, even tampons To get a better idea of how marijuana sales are going, here is a round-up of products and services that had higher first-quarter sales in 2019 than legal cannabis. Canada’s retail cannabis industry is growing at a furious pace. In November 2018 — the first full month of legalization — Canadians spent just $54 million on legal weed. By July of this year, monthly sales had nearly doubled, surpassing $100 million for the first time ever, according to StatsCan. And that number is expected to keep on growing, especially with the introduction of edibles next month. While that might sound like a lot of money, recreational cannabis is still behind other industries in terms of retail sales, suggesting it may not be as tantalizing as we thought. In the first quarter of 2019, Canadians spent $167 million on recreational weed. In comparison, Canadians spent $5.6 billion on alcohol in that same period. To get a better idea of how marijuana sales are going, here is a round-up of products and services that had higher first-quarter sales in 2019 than legal cannabis. Equipment for keeping your yard looking nice: $247M This includes lawn mowers, snow blowers and gardening tools Cut flowers and house plants: $330M Those tiny succulents that stick to your fridge are pretty popular these days. Costume jewellery: $171M That’s a lot of dangly necklaces Luggage, backpacks and gym bags $208M That’s doesn’t even include the Birkin bag Still cameras $255M Who is still buying these? Sewing and knitting supplies $163M Canadians actually spent more on retail cannabis in the first quarter of 2019 … but not much more. Greeting cards, maps and posters $201M Need to keep those college dorms looking good ATVs $297M This shouldn’t surprise anyone living in Alberta Automotive chemicals $303M Distinct from automotive lubricants Tampons and pads $233M This is a once-a-month purchase, at most Home office supplies $388M This excludes computers, office chairs and desks. So we’re really just talking about pens and paper here […]

Read original article text at www.thegrowthop.com


Print   Email
0.0/5 from 0 ratings.
Rating Summary

Write the first review!

More to share? (Optional)

..%
No description
  • Size:
  • Type:
  • Preview: