Fluctuating Trends in Canadian Retail Cannabis Sales
Retail cannabis sales in Canada have been fluctuating, reaching $539 million in April 2024 after a dip in January. Despite year-over-year growth, the rate of increase is slowing down, suggesting market saturation. Wholesale sales, price, and volume declined in April, with British Columbia and Alberta seeing the most store closures.
Shangri-La Dispensaries Makes Grand Entrance into Connecticut Cannabis Market
Shangri-La Dispensaries enters the Connecticut cannabis market with the opening of its retail location in Norwalk, offering customers a 20 percent discount on the inaugural day. With plans for further expansion in the state, including additional outlets and a manufacturing facility, the company aims to meet the growing demand for cannabis products. The arrival of Shangri-La adds to the diverse landscape of cannabis retailers in Connecticut, marking a significant milestone for both the company and the local community.