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The latest equity research report from Pablo Zuanic of Zuanic & Associates highlights key trends in Canada’s cannabis market, noting a deceleration in recreational sales growth. Data from StatCan reveals that sales for 2Q24 were down 4% year-over-year (YoY), contributing to a 1.3% decline year-to-date (YTD) compared to 14% growth in 1H23. In contrast, Hifyre data shows a 6% YTD growth through August. If annualized, this growth would project a totalrecreational market size of C$5.47 billion for calendar year 2024, translating to US$102 per capita. Get Benzinga’s exclusive analysis and top news …

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