The Nova Scotia Liquor Corporation (NSLC) saw $32.6 million in cannabis sales in the three months ended September 29, 2024 (Q2 2024), a 3.9% increase from one year prior.
Cannabis sales were slightly up from the previous quarter’s $31.2 million, as well.
Cannabis sales were about 13% of the NSLC’s total sales for the quarter. Sales of cannabis from Nova Scotia cannabis companies decreased 10.1% in Q2 2024 to $9.2 million. Local sales decreased by 1.4%, to $9.3 million, or a little under one third of all cannabis sales in the previous quarter, as well. Nova Scotia cannabis accounted for 28.3% of all cannabis sales in the most recent quarter.
“This quarter we saw a slight increase in sales overall,” said Greg Hughes, President and CEO. “Cannabis, along with the ready-to-drink category, continues to perform well and is leading this growth.”
Retail customer transactions for cannabis increased by 3.4% between July 1 and September 29, 2024, and the average dollar value of each transaction was $37.22, an increase of 0.5%.
The average price per gram for cannabis decreased by 2% to $5.88, down slightly from $5.90 in the previous quarter.
Health Canada currently lists 33 active cannabis production licenses in Nova Scotia. Nova Scotia has 50 licensed cannabis stores. In the NSLC’s 2023 annual report released earlier this year, they said that 79% of Nova Scotians lived within 10 kilometres of a licensed cannabis store.
The agency says all its profits go back to the provincial government to help fund “key public services.”