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Cannabis Slowdown In Canada: Analyst Spotlights What Still Sells And Where The Money Is Going

Benzinga ·  Jun 4 05:00

In a recent report,Pablo ZuanicofZuanic & Associatesanalyzed trends in Canada's recreational cannabis market through May 2024.

The report highlights a deceleration in market growth and notable shifts in sales dynamics among leading licensed producers (LPs).

Market Growth Deceleration

The report points to a significant deceleration in Canada's recreational cannabis market. Official data from Statistics Canada shows a mere 2% year-over-year (YoY) increase in recreational sales in the first quarter of 2024, a decline from 11% YoY growth in the previous quarter. However, Hifyre scanner data suggests a potential rebound, with 7% and 10% YoY growth projected for April and...

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