Cannabis sales increased in Nova Scotia to more than $111 million, driven by sales of local products

| David Brown

Nova Scotia sold more than $111 million of cannabis during the fiscal year ending March 31, 2023. 

The figures, shared in the Nova Scotia Liquor Corporation‘s annual report for 2022-2023, show a 9.3% increase in sales from the previous year and a 7.3% increase in the volume of cannabis sold by weight, for a total of 15.707 kilograms. 

About $33.5 million of those sales were of products from cannabis producers located in Nova Scotia. This represented a 41.8% increase from the previous year. The top three selling local cannabis products in Nova Scotia during 2022-2023 were Breakers Indica Milled (7g), Current Growers Pick Sativa Milled (7g), and Eastcann Animal Z (3.5g).

Local cannabis listings now represent 30.2% of active listings in Nova Scotia, up 6% from the previous year.

In-person cannabis sales were the vast majority of purchases, accounting for $110,296,000 of total sales, with online sales at $787,000, or less than 1%. While in-person sales increased by nearly $10 million in the most recent fiscal year, online sales decreased by $323,000.

The average dollar value of each transaction involving cannabis decreased by 3.1% to $38.40.

Nova Scotia approved 11 new cannabis stores in the 2022-2023 fiscal year, including the first provincially licensed First Nations cannabis store opening on the Eskasoni First Nation. 

The store is managed and run by members of the community and features signage in both English and the Mi’kmaq language. The NSLC says its team worked with the Chief, Council, and the community in the months leading up to the store opening.

The total number of provincially-licensed cannabis stores in the province is currently 48.

The NSLC says it returns 100% of its profits to the Province of Nova Scotia to support key public services. From its total sales for cannabis, alcohol and other products, the crown corporation brought in $860.7 million, returning $284.7 million to provincial revenue, a 6.0% increase in earnings over the previous year.

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