Canadian hashish exports totalled CA$51.6 million in February 2026 throughout the three fundamental hashish HS codes tracked in export information, up 8.7% on the identical month a yr earlier.
Past this headline export progress sits a extra nuanced image of provide chains, commerce routes, and rising markets from the world’s largest exporter of hashish merchandise.
The information, drawn from Statistics Canada’s Canadian Worldwide Merchandise Commerce (CIMT) net software and overlaying HS codes 1211.90.10 (dried flower), 1302.19.10 (extracts) and 3004.90.10 (medicaments containing hashish), offers essentially the most granular public view out there of the place and the way Canadian hashish is transferring globally.
Portugal’s shifting function within the European provide chain
Probably the most important structural shift seen within the February information is the near-complete collapse of Portuguese flower imports from Canada. Portugal acquired CA$1.67 million of dried hashish flower in February 2026, down 86.6% from its peak of CA$12.4 million in April 2025, and a fraction of the CA$11.1 million recorded simply twelve months earlier in February 2025.
Portugal’s emergence and retreat type a whole cycle throughout the dataset. Imports from Canada have been negligible by early 2024, construct steadily to peak in Q1–Q2 2025, then collapsed sharply from August 2025 as Germany’s direct imports surged.
Month-to-month flower export worth (CA$m) · Supply: Statistics Canada CIMT, HS 1211.90.10
This paints a transparent image of a shift in provide chain dynamics. Flower that was beforehand despatched through Portuguese processing amenities for onward distribution to Germany seems to be transferring instantly from Canada to the German market.
There is no such thing as a proof within the extracts dataset that the misplaced Portuguese flower quantity has migrated into processed-product exports. Portugal acquired simply CA$4,018 in extract shipments throughout all the dataset interval (January 2024 to February 2026).
Australia solidifies itself as a world powerhouse
Australia is Canada’s second-largest flower export vacation spot by cumulative worth, having acquired CA$230 million between January 2024 and February 2026, forward of Portugal in whole cumulative phrases, and the bigger market in each month exterior Portugal’s peak interval in early-to-mid 2025
By 2024 and into early 2025, Australia persistently paid CA$2.37–2.72 per gram for Canadian dried flower. By February 2026, that had fallen to CA$1.06 per gram, a 59.6% decline in per-gram pricing over two years, and the bottom recorded for any important vacation spot within the dataset.
Quantity in February 2026 was 6,928 kg, up considerably from the two,237 kg acquired in February 2024. This flood of low-cost Canadian hashish into Australia has already pushed a widespread pushback from native cultivators struggling to compete.
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Germany dominates whole exports
Germany flower imports in February 2026 have been CA$30.4 million, representing 62.3% of Canadian flower export worth that month.
That share determine is the very best within the dataset. It additionally demonstrates the dramatic enhance in demand following the implementation of CanG on April 01, 2024.
Germany acquired CA$3.5 million in flower exports from Canada in February 2024. February 2026’s CA$30.4 million represents an 763% enhance over these two years.
Germany’s common share of Canadian flower export worth was 24.8% throughout the total calendar yr 2024. That rose to a mean of 47.2% in 2025. Germany now absorbs almost half of all Canadian flower exports by worth in a mean month, and above 60% in the latest information level.
On the identical time, Germany’s per-gram pricing has declined from a peak of CA$3.95/g in March 2025 to CA$2.93/g in February 2026.
The UK continues muted, however constant progress
The UK has emerged as one of many extra constant progress tales within the information, although it stays a comparatively small market in absolute phrases.
UK flower imports from Canada grew 340% between CY2024 (CA$7.9 million) and CY2025 (CA$34.9 million). Notably, the UK additionally receives significant volumes throughout a number of product codecs, together with flower, extracts and medicaments.
UK medicament imports in February 2026 have been CA$755,886, making the UK the most important single medicament vacation spot that month.
Month-to-month UK export worth by product sort (CA$ hundreds) · Supply: Statistics Canada CIMT, HS 1211.90.10, 1302.19.10, 3004.90.10
Medicaments
The 3004.90.10 medicaments classification, overlaying finished-dose hashish merchandise, presents a markedly totally different geographic image to flower or extracts.
Canada’s medicament exports reached 68 vacation spot nations in CY2024 earlier than contracting sharply to 26 energetic locations in CY2025. Simply eleven nations acquired medicament shipments within the January–February 2026 window.
CY2024 medicament exports totalled CA$47.3 million. CY2025 totalled CA$25.0 million, a decline of 47.1% in a yr when flower exports greater than doubled. Medicaments represented 14.4% of mixed Canadian hashish exports in CY2024 however simply 3.9% in CY2025.
Throughout all three codes mixed, dried flower accounted for 80.5% of the overall Canadian hashish export worth in CY2024. By CY2025, that had risen to 93.0%, and February 2026’s studying of 94.4% represents the very best month-to-month share within the dataset.
