Friday, March 6, 2020

Ontario's cannabis vape, edible sales surpass CA$4 million in January

Some 4.4 million Canadian dollars ($3.3 million) worth of cannabis edible and vape products were sold in January via wholesale and online channels in Ontario, the first month the products were available in Canada’s largest consumer market.

The figures indicate strong demand from consumers, the Ontario Cannabis Store said in a statement.

Demand for edibles has exceeded supply levels from producers, the OCS said.

In January, sales of edibles were $569,000.

Sales of vape products were CA$3.8 million in the month.

The OCS is the province’s exclusive cannabis wholesaler and online retailer.

“Every new product we introduce, every price drop we make and every authorized retail store that opens strengthens the legal marketplace,” said Chief Commercial Officer Cheri Mara in the statement.

The OCS also said cannabis-infused beverages are coming to retailers in Ontario.

High Park’s Everie CBD beverages will be first to reach store shelves, while additional beverages from Valens will be shipped next.

The OCS said it will prioritize shipments to authorized retail stores.

“We’re pleased to reach another milestone of bringing the first deliveries of beverages and topicals to consumers. Licensed producers have invested heavily in the innovation behind these legal, tested products and are again proving to consumers the value of shopping legal,” Mara said.

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Originally posted on Ontario's cannabis vape, edible sales surpass CA$4 million in January via Cannabis Industry News

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