Canadian Cannabis Sales Continued To Increase In May, Here's Why

Statistics Canada released May retail sales for Canada, with sales increasing from April by 0.7% to CA$375.8 million ($290 million), as reported New Ventures.

"The sales were up 20.1% from a year ago, down from the 26.1% April growth rate and near the lowest annual growth rate of 19.2% in December," reads thereport. "April was revised from CA$372.4 million to CA$373.4 million."

The main reason for the boost in sales was the increase in marijuana stores, as …

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Canadian Cannabis Sales Continued To Increase In May, Here's Why on Benzinga