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More than $100 million of cannabis sold in Nova Scotia last year 

Media Partners, Stratcann

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More than $100 million worth of cannabis was sold in Nova Scotia last year. 

Nova Scotia sold $111.1 million worth of cannabis in the fiscal year ending March 31, 2022, an increase of 9 percent compared to the previous year according to the most recent annual report.  

Transactions involving cannabis also increased, by 12.7 percent. While the average basket size decreased by 3.1 percent to $38.40, this is likely due to a 2.8 percent reduction in the average price per gram of $6.19.

The Nova Scotia Liquor Corporation (NSLC) which oversees cannabis sales in the province also added 11 new cannabis stores, for a total of 48 across the province.

“We continue to look for ways to compete with the illicit cannabis market and offer Nova Scotians an accessible and safe supply of cannabis,” said Greg Hughes, NSLC president & CEO said. “This includes finding ways to partner with local cannabis producers and help them bring their products to market.” 

The NSLC has also been promoting Nova Scotia-grown cannabis products. These products accounted for over 30 percent of all cannabis sales in the province, an increase year-over-year of nearly 42 percent for a total of $33.5 million in sales. 

Revenue from cannabis sales in Nova Scotia goes towards the funding of “key public services”.

This post was originally published by our media partner here.