Canada’s dried cannabis supply builds as adult-use sales decline

The quantity of dried adult-use cannabis bought within the regulated Canadian market fell in January whereas inventories continued to construct, in response to the newest knowledge from Health Canada.

In January, 5,330 kilograms of dried cannabis was bought by means of regulated channels throughout the nation, down four.5% from December 2018.

Inventories of “finished” dried cannabis held by federal license holders, wholesalers and retailers rose four.5% to 19,500 kilograms. Health Canada defines completed stock as cannabis held in inventory that’s prepared on the market.

That means stock of dried cannabis that’s prepared on the market outpaced sales by a ratio of about four:1 – a determine that contradicts the declare by most provincial regulators that the regulated market has a scarcity of cannabis.

Industry specialists say, nevertheless, that the scarcity seen within the regulated market isn’t essentially reflective of the totality of cannabis obtainable on the market, however within the specific merchandise shoppers need to purchase.

Ontario cited a “national shortage” of regulated cannabis when it scaled again the rollout of brick-and-mortar retailers late final yr to 50 throughout the province.

The province is but to announce the way it plans to develop the community to the 500-plus shops specialists say is the minimal wanted to satisfy demand in what is meant to be the most important cannabis market in Canada.

The knowledge doesn’t differentiate between inventoried cannabis for medical or nonmedical use.

Oil sales, stock rise

While the quantity of dried adult-use cannabis bought within the regulated market has been comparatively flat since Canada legalized adult-use marijuana in October, sales of oil have grown steadily.

The Health Canada knowledge exhibits that sales of nonmedical cannabis oil have grown each month since October when 1,700 liters have been bought. That determine rose to 2,200, 2,500 and a couple of,800 liters in subsequent months.

At the identical time, inventories of completed cannabis oil held by federal license holders, wholesalers and retailers sky-rocketed from 2,600 liters in October to over 19,000 liters in January.

Health Canada licensed 93 new cannabis websites within the 18 months by means of January, regulators stated, greater than double the quantity it accepted within the earlier 4 years.

Canada’s well being division additionally stated that, as of January, all federally licensed amenities might collectively produce 800,000 kilograms of marijuana as soon as at full capability, “enough to meet the estimated demand for both legal and illegal cannabis.”

Matt Lamers might be reached at [email protected]

To join our weekly worldwide cannabis enterprise publication, click on right here.





Reference

Be the first to comment

Leave a Reply

Your email address will not be published.


*