Matt Maurer speaks to The GrowthOp about the increase in sales of retail cannabis across Canada
The east and west coasts are reaping some of the largest gains in Canadian retail cannabis sales according to the latest figures from Statistics Canada.
B.C. sales nearly doubled from July 2019 to August 2019, leaping from $5.9 million in sales to $11.9 million.
Matt Maurer, partner and vice chair of the cannabis law group, Torkin Manes LLP, blamed the numbers on the stark difference in the number of shops in each province — Alberta has 306 stores, more than 12 times as many as Ontario, which only has 25.
“More storefronts correlate to more sales and Ontario has bigger population,” he said in a phone interview.
“With only 25 stores, they were able to do $10 million more in revenue … Ontario is going to be the biggest market in the country. It probably won’t even be close by the time it’s all said and done.”
This article was originally published on The GrowthOP. Visit the
The GrowthOP website to read the complete article.
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