Canadian pot sales extend declines in February as producers hoard supply ahead of edibles launch
Canadians bought 6,671 kilograms of cannabis in February, down about nine per cent from the prior month, and the lowest level since legalization, according to figures released by Health Canada. The decline is largely attributed to fewer days in February, said Health Canada. The average daily sales of dried cannabis in February actually increased by one per cent compared to January – from 236 to 238 kilograms. However, the total amount of inventory of finished and unfinished dried cannabis held by cultivators, processors, distributors and retailers totaled 144,470 kilograms in February – approximately 21.7 times the amount of total sales in the month – as produces looked to stock up on marijuana ahead of the launch of edibles later this year.