December 23, 2020

CANADA CANNABIS SPOT INDEX — January 1, 2021

CANADA CANNABIS SPOT INDEX (CCSI) 

Week Ending January 1, 2021
1

*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$6.08 per gram this week, up 0.4% from last week’s C$6.05 per gram. This week’s price equates to US$2,145 per pound at the current exchange rate.

Include your weekly wholesale transactions in our price assessment by joining our Price Contributor Network

If you have not already done so, we invite you to join our Price Contributor Network, where market participants anonymously submit wholesale transactions to be included in our weekly price assessments. It takes two minutes to join and two minutes to submit each week, and comes with loads of extra data and market intelligence.

Last week, Statistics Canada released retail sales data for October 2020. The trend of steadily-increasing national sales totals continued. October sales finished the month at C$270 million, C$13M higher than September 2020 and up C$140M year-over-year. October’s figures point to an annual run rate of C$3.2 billion. We believe that this number will surely be eclipsed before Q3 2021 ends, due largely to what is anticipated to be a rapid increase in storefronts in Ontario.

Source: Statistics Canada, Cannabis Benchmarks

On an average daily basis, October sales were higher across every major province except for British Columbia. While average daily sales nationwide expanded by 1.7%, sales growth varied significantly at the provincial level. Of the major provinces, Ontario has been consistently outperforming all others in daily sales growth. Ontario led the way with a 4.1% rise in average daily sales, while British Columbia saw a decrease of 0.5%. 

Source: Statistics Canada, Cannabis Benchmarks

For more data and analytics like this, subscribe to the Cannabis Market Insights report developed in collaboration Nasdaq. This in-depth monthly report provides exclusive data and analysis on the legal cannabis industry, focusing largely on the Canadian cannabis market, as well as the cannabis equities market in the U.S.

Cannabis Benchmarks®, a division of New Leaf Data Services, LLC

01 January 2021 Copyright © 2021 New Leaf Data Services, LLC.  All rights reserved.