Highburg Team

<p>More Canadians are purchasing cannabis from the legal market, according to a national survey by Statistics Canada.</p>



<h2>Survey Results</h2>



<p>Released on March 18, the <a href="https://www150.statcan.gc.ca/n1/daily-quotidien/240318/dq240318e-eng.htm">survey</a> collected data from 2,251 young adults (18-24) and 5,185 adults (25 and older). The findings <a href="https://www.forbes.com/sites/dariosabaghi/2024/03/19/nearly-72-of-canadas-cannabis-users-buy-from-legal-market-survey-finds/">indicate</a> that over two-thirds of cannabis consumers are buying from legal sources. Specifically, 71.7% of those who used cannabis within the last 12 months exclusively purchased from legal outlets.</p>



<h3>Reasons for Legal Purchases</h3>



<p>When asked why they buy legal cannabis, respondents cited product safety (38%), convenience (16.9%), and a desire to follow the law (12.9%) as primary reasons.</p>



<h3>Trend Over Time</h3>



<p>This marks an increase from previous years. In the 2023 survey, 61% of respondents reported using legal cannabis in the past 12 months, up from 53% in 2021. These trends suggest the success of Canadian cannabis policies and the consolidation of the legal market since recreational cannabis was legalized in 2018.</p>



<h3>Sales Data</h3>



<p>Recreational cannabis sales by provincial authorities rose by 15.8% year-over-year, reaching approximately $4.7 billion in the 2022-2023 fiscal year.</p>



<h2>Consumption by Age Group</h2>



<p>The survey also analyzed cannabis use by age group:</p>



<ul>
<li>38.4% of adults aged 18-24 reported using cannabis in the past year.</li>



<li>34.5% of adults aged 25-44 reported usage.</li>



<li>15.5% of adults aged 45 and older reported usage.</li>



<li>Daily or almost daily use was reported by 8.7% of adults aged 18-24, 10.3% of adults aged 25-44, and 4.8% of adults aged 45 and older.</li>
</ul>



<h2>Gender Differences</h2>



<p>Among adults 45 and older, men were more likely to report daily cannabis use compared to women. No significant gender differences were found among adults under 45.</p>



<h2>Product Preferences</h2>



<ul>
<li>Cannabis flowers (62.1%) and edibles (57.1%) were the most used products across all age groups.</li>



<li>Younger consumers preferred vape pens, cartridges, extracts, concentrates, and beverages.</li>



<li>Older consumers tended to buy topicals and oral oils.</li>



<li>Men favored cannabis flowers (70.2%) over women (48.4%), while edibles were more popular among women (62.7%) than men (51.9%).</li>
</ul>



<h2>Economic Impact</h2>



<p>Canadian recreational cannabis sales amounted to over CAD 5 billion (over $3.6 billion) in 2023, up from CAD 4.2 billion (about $3.1 billion) in 2022. Despite this growth, the retail trend indicates a slower growth rate as the market matures. Since legalization in October 2018, the industry has contributed $43.5 billion to Canada’s GDP, according to Deloitte Canada.</p>



<h2>Challenges Ahead</h2>



<p>While the majority of consumers are shifting from the illicit market to legal cannabis, the regulated market still faces significant challenges.</p>

Survey: 72% of Canada's Cannabis Users Buy from Legal Businesses

More Canadians are purchasing cannabis from the legal market, according to a national survey by Statistics Canada. Survey Results Released on March 18, the survey collected data from 2,251 young adults (18-24) and 5,185 adults (25 and older). The findings indicate that over two-thirds of cannabis consumers are buying from legal sources. Specifically, 71.7% of [&hellip;]

Survey: 72% of Canada's Cannabis Users Buy from Legal Businesses - Highburg

Home

Survey: 72% of Canada&#8217;s Cannabis Users Buy from Legal Businesses

Highburg

https://secure.gravatar.com/avatar/c9295f7a620268030dd83857265e28bb?s=96&d=mm&r=g