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sa国际传媒 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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sa国际传媒 upped its possession limit for cannabis-laced drinks from five to 48 on Dec. 2

sa国际传媒'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 sa国际传媒.

Cannabis-product sales in sa国际传媒 may get a boost in December and in 2023 given that Health sa国际传媒 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.

sa国际传媒'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 sa国际传媒 revised and increased its data for September sales, as its on legal cannabis products in September.

sa国际传媒-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 sa国际传媒 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 sa国际传媒'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 sa国际传媒 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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