Canadian Cannabis Market: February Sales Overview Statistics Canada recently released the retail sales data for February, shedding light on the performance of the cannabis market in the country. The report revealed a 7.6% decrease in cannabis sales compared to January, amounting to C$404.7 million. Interestingly, January’s initially reported sales of C$418.3 million were revised upwards to C$437.9 million, indicating a stronger performance than previously thought. Despite the month-over-month decline, February sales showed a slight 0.6% increase from the same period last year. However, this growth rate pales in comparison to the remarkable 20.3% surge recorded back in August 2023, signaling a slowdown in the market’s momentum. It’s crucial for industry players to closely monitor these trends and adapt their strategies to navigate the evolving landscape of the Canadian cannabis market successfully. Note: This article was imported from this site.