CCSI image 1 2021-11-26

*The provincial excise taxes vary. Cannabis Benchmarks estimates the population weighted average excise tax for Canada.

**CCSI is inclusive of the estimated Federal & Provincial cannabis excise taxes..

The CCSI was assessed at C$4.97 per gram this week, down 1.3% from last week’s C$5.03 per gram. This week’s price equates to US$1,778 per pound at the current exchange rate.

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Last week Statistics Canada released retail sales data for September 2021, with nationwide legal cannabis sales reaching a new monthly high of C$354.7M. We continue to see a strong upward trajectory in cannabis sales. To correct for the different number of days in each month, the chart below looks at average daily sales, which shows September 2021 sales reaching C$11.8M per day. This figure is C$3.4M per day more than what was sold the previous September; a year-to-year increase of 38%.

SOURCE: Cannabis Benchmarks, StatsCan