Nova Scotia’s weed sales have been returning to pre-pandemic levels, according to the provincial store, while its local products category continues to grow.
On Tuesday, the Nova Scotia Liquor Corporation (NSLC) released its earnings report for the three-month period ended Oct. 3.
Cannabis and alcohol sales together rose 7 per cent to $227.6 million, from $211.8 million in the previous period, earning the Crown company operational income of $78.4 million, up 9 per cent from $71.7 million.
Sales for cannabis alone reached $26.6 million, rising about 8 per cent from $24.7 million.
Read more: Nova Scotia cannabis sales rise to $24.7M
The provincial regulator says two more stores opened this quarter, for 33 in all.
The NSLC has been attributing year-over-year growth in cannabis sales to extended hours since pandemic restrictions have lifted, and to extra selling days since stores are open on Sundays again.
“We continue to see a gradual return to pre-pandemic purchasing patterns in Q2,” said NSLC president and CEO Greg Hughes. “This is reflected by a 7.3 per-cent-increase in the number of transactions and a 1.4 per-cent-decrease in the average dollar value of those transactions.”
An average transaction for weed cost $38.85, down 5 per cent from $40.84 last quarter.
The NSLC boasts that the average price per gram is more competitive with the illicit market at $6.50 this quarter, which has remained flat since the last reporting period when the average was $6.49.
Maintaining the average is due to consumers buying 28-gram pack sizes and large pack pre-rolls that carry a lower price per gram, and “general price reductions across several categories.”
The NSLC carries 12 local producers, two of which sell the 28-gram pack size.
The sale of local cannabis products inched upwards to $5.5 million, a 12-per-cent increase from $4.9 million.