Legal Marijuana Sales Outperform Illicit Market For The First Time In Ontario: OCS | The Canadian News

TORONTO – New data shows that sales made through Ontario’s legal cannabis channels have surpassed those made through the illicit market for the first time.

Ontario Cannabis Store says in its second-quarter report that 54.2 percent of marijuana purchases made in the province between July and September were tied to legal retailers.

The provincial marijuana distributor says sales made through legal channels totaled $ 394 million for the quarter, up from $ 204.3 million in the same quarter last year.

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Sales amounted to a record 56 million grams of cannabis.

When recreational cannabis was legalized in 2018, the legal market was responsible for only 5.4 percent of marijuana purchases, but that number grew to 19 percent at the end of 2019 and 44.1 percent at the end of 2019. 2020.

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Since legalization, Ontario has been working to minimize the illicit market by slashing the prices of products sold through legal channels and targeting unlicensed dispensaries.

© 2021 The Canadian Press



Reference-globalnews.ca

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