Canada Marijuana Sales Slump in April After Coronavirus Stockpiling
Canadians seem to be easing off marijuana a bit, at least as far as the latest sales figures reveal. On Friday, Statistics Canada released its national retail sales data for April, revealing that purchases from licensed marijuana stores fell slightly (by 1%) on a month-over-month basis to land at around 180 million Canadian dollars ($132 million).
That reversed the previous month's trend, in which sales rose by nearly 20%. This can largely be attributed to stockpiling behavior stemming from the SARS-CoV-2 coronavirus outbreak that necessitated "stay in place" measures.
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Source Fool.com
