Connect with us

CBD News

CBD Sales in Canada Rise as More Shops Open with Legal Marijuana Doing $85 Million in May Alone



CBD Sales in Canada Rise as More Shops Open with Legal Marijuana Doing $85 Million in May Alone

CBD in Canada is not only popular, but the market is booming.  It is projected by BDS Analytics that sales in Canada may reach $4.7 billion by 2023.

Data by Statistics Canada also indicates that just this year, Canadians purchased $85 million worth of CBD from retail stores – and that is just in the month of May. It is also a 15 percent increase from sales in April. The leading province in the country for CBD sales is Ontario, in which consumers purchased approximately $23 million worth of CBD, and 23 physical stores opened as well since April 1. Other provinces with prominent sales and CBD growth include British Columbia and Quebec.

Despite the growth, there appear to be some issues that may make growth challenging. For instance, Quebec reported that it intends to ban sweet cannabis edibles and topicals before they become available for sale in late 2019.  In the United States, marijuana remains illegal under federal law and is a Schedule I substance.

All information is for general informational and educational purposes only. Nothing should be interpreted as legal or wellness advice.

Jane is a regular contributor who learned about the great benefits of CBD a few years ago after starting it herself. Impressed by its effects, she's interested in helping others learn about options that can be helpful for them.

Continue Reading

Ultimate CBD Guide


ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email

Copyright © 2020 | Latest CBD News, Cannabis Guides and Marijuana Trends
Note: Always seek real additional medical advice and consultation with a professional healthcare practitioner before considering any CBD. No statements found on this website have underwent Food and Drug Administration evaluation. The efficacy of any products or claims made have never been approved by the FDA either. No products shall ever be intended to diagnose, treat or cure any disease or prevent any ailment.