Depending on whom you ask, April’s REC sales either “slumped,” “edged lower,” or “remained strong” compared with March’s pandemic-inspired surge. (American REC sales largely remained strong.)
Motley Fool, BNN Bloomberg, MJ Biz Daily, Bloomberg
- April’s $180.2M in sales were a slight decrease from March’s $181.2M–a 0.6% decline eclipsed by the fact that March sales soared 19% over February’s tally. At the same time, non-cannabis spending declined 26.4% in April.
- Canadians spent $74.6M on legal REC last April. This year’s total represents a 242% increase over last year.
A variety of reasons for the 0.6% decline in April are considered here.