Adult use recreational cannabis was legalized in Canada on October 17th of 2018. Going into legalization many people predicted that the added retail cannabis sales would damper medical cannabis sales. However, new statistical data is showing that medical cannabis sales are actually on the rise in Canada.
“The volume of medical cannabis oil sold in Canada’s regulated market rose to nearly 5,000 kilograms (11,023 pounds) in January compared with the 4,400 kilograms shipped to patients in October 2018.”- mjbizdaily
New Cannabis Trends in Canada
Cannabis legalization is starting to show interesting statistical trends. For example, the amount of dried flower sold on the medical cannabis market has declined since legalization. With sales of medical flower dropping slightly in January to 1,770 kgs compared with October’s 1,890 kgs.
Although, not surprisingly, sales of medical cannabis oil in Canada increased steadily in the months after legalization, reversing a trend seen in many American states who abandoned prohibition. The volume of medical cannabis oil sold in the Canadian legal market shot up to almost 5,000 kgs in January compared to 4,400 kgs purchased by patients prior to October.
Although the full effects of Canada’s recreational cannabis market will not be known for still some time, the legalization of cannabis in Canada has clearly paved a path to success in the global cannabis industry.