Canadian Cannabis Sales Began 2026 with Growth

Statistics Canada released January retail sales for the country, with cannabis sales decreasing from the December levels, down 8.4% to C$466.1  million from the all-time high monthly total. The sequential decrease was up the same 8.4% on a per-day basis more due to the equal number of days than in the prior month. December, originally reported at C$503.7 million, was revised slightly higher to C$508.6 million. The sales in December were up 6.4% from a year ago, down from the level in May at 8.3% and 7.5% in June but better than the prior lowest annual growth rate since legalization commenced of -0.9% in September 2024 and then -1.6% in October due to the BC strike. In December, growth was much slower at just 3.9%. In 2024, total sales increased 4.5% to C$5.39 billion, and they were up 4.1% in 2025 to C$5.62 billion.

An increase in the number of stores as well as falling flower prices that bring consumers from the illicit market have been boosting sales. In Ontario, the largest province in population, sales were down 8.6% from December and down 4% from a year ago. Alberta was down 4.7% from December but up 1% from a year ago. British Columbia decreased by 9.5% from December but soared 31% from a year ago, while Quebec was down 12.5% from December but up 29% from a year ago.

The February sales data will be released on April 24th.

Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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