Legal cannabis sales in Ottawa stagnate as stores continue to expand

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Cannabis consumers purchased more than $ 13 million worth of legal marijuana in Ottawa from authorized retailers during the first quarter of the year, according to new figures from the province.

The snapshot of the local cannabis market provided by the Ontario Cannabis Store on Thursday shows that while sales revenue has remained relatively constant over the past year, the number of brick-and-mortar stores operating in Ottawa has increased from seven in the first quarter of 2020. to 28 in the same period this year.

With dozens of additional stores either on the verge of opening or in the process of bidding, some have wondered if the market is approaching saturation point. According to the calculations of some experts, if all the pending stores in Ottawa are launched as planned, there will be twice as many cannabis retail stores in Ottawa as there are LCBO and The Beer Store outlets. combined.

Brazeau Seller Law partner Trina Fraser previously told OBJ that while the downtown market may be crowded, there are still underserved areas of the city.

“Right now the location selection is becoming very critical,†she said in May.

Consumers can also purchase cannabis online directly from the Ontario Cannabis Store. The provincial agency said its online store and retail partners sold $ 840.1 million worth of cannabis in Ontario last year and estimates it captured 44% of the market, which means that the majority of the pot bought in the province still comes from the black market.

The Ontario Cannabis Store says Ottawa ranks second out of 160 communities in Ontario for total retail sales and sixth for per capita sales.

  • Q1 2021: $ 13.1 million (1.7 million grams)
  • Q4 2020: $ 13.6 million ($ 1.7 million)
  • Q3 2020: $ 14 million (1.7 million grams)
  • Q2 2020: $ 9.3 million (one million grams)
  • Q1 2020: $ 13.1 million (1.3 million grams)

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