Recently, Statistics Canada released July retail cannabis sales for the country. The reports showed that marijuana sales increased from June by 4.5% to C$394.8M.

"The month was longer by 3.3%. June was revised from C$377.5 million to C$377.9 million. Sales rose 17.8% from a year earlier, down from June's 23.2% growth rate," states the report.

"The growth was the lowest on record, behind the previous lowest annual growth rate of 19.2% in December," continued the report written by New Cannabis Venture's Alan Brochstein.

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