There have been a variety of conflicting reports covering Ontario sales trends over the last year and we set the record straight in the analysis below.
For starters, Ontario stands as the largest province for total cannabis sales throughout Canada. Revenue growth has been healthy since the market launched, with $165M in total sales in April 2022.
While total sales are increasing, prices of products are decreasing with price compression impacting larger categories.
This price compression was mainly driven by increased competition as more retailers opened stores. The growing number of stores also had a negative impact on the average revenue of individual retailers in Ontario.
For example, when examining a sample of 100 retailers that were open during April 2021 and April 2022, the median store saw a 14% decline in sales year over year.
Show
Examining adult-use sales in the Ontario cannabis market
https://www.headset.io/posts/examining-adult-use-sales-in-the-ontario-cannabis-market
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 984 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
&
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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