CANADA CANNABIS SPOT INDEX (CCSI)
The CCSI once again moved higher this week by 5.6% to C$6.87/gram. This comes after edging down to the C$6/gram mark only two weeks ago. C$6.87/gram equates to US$2,363/pound at current exchange rates.
This week we continue to analyze the dry cannabis sales data from Health Canada’s Cannabis Tracking System. The Q4 2018 data, displayed in the table below, shows steady sales to registered medical patients, but sales to recreational consumers quickly declined after an initial rush immediately subsequent to legalization.
Dry cannabis sales for medical use across Canada remained quite steady over Q4 with an average of 220 kg being sold each day. Recreational sales showed different behaviour. The first 15 days of legalization in October saw an average of 389 kg sold daily, which then dropped to an average of 240 kg in daily sales over the next two months.
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Cannabis Benchmarks®, a division of New Leaf Data Services, LLC
1 March 2019 Copyright © 2019 New Leaf Data Services, LLC. All rights reserved