Canadians Spent $41 Million on Weed in First Month After Legalization
A man smokes a joint during a celebration of the legalization of marijuana in Toronto on Oct. 17, 2018.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Canadians bought C$54 million ($41 million) of marijuana from stores in the first full month after sales were legalized, some of the clearest evidence yet of the market’s potential.
Statistics Canada’s figure for November released Wednesday follows an earlier estimate that sales were C$43 million in the first two weeks following legalization on Oct. 17. The Ottawa- based agency added cannabis to standard monthly reports on retail sales as part of wider effort to update the nation’s economic accounts.