In December, REC retail sales across the country increased 8% over November for $146M in sales, which would represent $1.75B annualized, compared with last year’s total $1.2B sales. Cannabis Retailer, BNN Bloomberg, Financial Post
- In December, Ontario sold $33.69M in REC at retail stores ($2.31 in sales per person), while Quebec sold $33.46M ($3.94 per person).
- BC sales declined 7%, to $17.79M ($3.50 per person).
- Cowen analyst Vivien Azer said the firm had cut its 2020 sales projection back to $3.5B, 32% below its most recent projection. BNN Bloomberg
A new survey from market-research firm Mintel found two thirds of non-users open to trying cannabis said they were interested in edibles and beverages. Ingestibles were the form of cannabis most attractive to new consumers. Among Mintel’s respondents (from a survey last fall), 59% were either already cannabis consumers, or were interested, and 32% said they were “open to trying it.” NewsWire, Twitter—Deepak Anand, David George-Cosh