Canadian cannabis sales climbed about 5% to $244.9M in August: StatsCan Canadians spent $244.9 million on cannabis in August, a 5.2-per-cent increase from the previous month, with every province and territory posting monthly sales gains for the third straight period, according to Statistics Canada
. Canada's legal recreational pot industry currently operates at an annual run rate of about $2.94 billion, based on the latest figures. Ontario led the country in cannabis sales, with $66.9 million spent in August, a monthly increase of 10.9 per cent. Stifel analyst Andrew Carter expects
Canada to report $2.6 billion in cannabis sales in 2020, a sign of resiliency during the COVID-19 pandemic. Carter expects Ontario to lead sales growth, while activity in Alberta will be a bit more tepid.