Statistics Canada Reports Q3 Cannabis Spending Increase of 1.1% to $5.9 Billion

Statistics Canada Reports Q3 Cannabis Spending Increase of 1.1% to $5.9 Billion Statistics Canada released the Cannabis Economic Account for the third quarter of 2018 on November 21^st and reported that Canadian households increased consumption of cannabis in the third quarter of 2018. The reported Economic Account of Canadian cannabis consumption showed Q3 spending increased by 1.1% to $5.9 billion. The 1.1% increase in household spending on cannabis followed a 1.8% increase to Q2’s totals from this year.

Expenditures on cannabis in Canadian Households have continued to increase at an average rate of 1.5% for, now, six quarters in a row. The amount of cannabis consumption has increased by 73% since the Canadian government legalized the consumption of cannabis for medical purposes in the second quarter of 2001. Medical cannabis products and $88 million in in-home cannabis production for medicinal use accounted for $836 million or 14.2% of the total spent on cannabis in Q3. Non-medical use cannabis consumption fell from 98% of the total cannabis consumed in Q2 of 2014 to this year’s 83.9% in Q3 of 2018.

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Statistics Canada Reports Q3 Cannabis Spending Increase of 1.1% to $5.9 Billion

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Statistics Canada Reports Q3 Cannabis Spending Increase of 1.1% to $5.9 Billion