Ontario’s cannabis wholesaler has issued a call for new product classes – together with marijuana edibles, drinks, topicals and extracts – to be launched in Canada’s largest shopper market later this yr.
The Ontario Cannabis Store is inviting federally licensed producers to determine their potential to provide the brand new products.
And, amid product shortages within the province, the wholesaler is asking for extra dried flower, pre-rolls, capsules, oils, seeds and equipment.
Suppliers are requested to reply by means of the provincial portal, doingbusinesswithocs.ca, till June 28.
Deloitte lately estimated the worth for the upcoming edibles and alternative cannabis products market at 2.7 billion Canadian dollars ($2 billion).
Regulations allowing cannabis edibles, extracts and topicals are legislated to return into pressure no later than Oct. 17, 2019, though specialists don’t anticipate a big rollout till 2020.
The ultimate laws outlining the principles for the brand new market are anticipated to be revealed by June 26.
Ontario’s authorized cannabis business has struggled to realize its footing as provincial regulators bungled the rollout of bodily shops and did not safe a constant provide of products within the first half-year of legalization.
While Ontario is caught at fewer than 25 bodily storefronts promoting adult-use cannabis products, Alberta’s market has thrived comparatively, with 104 retailer openings since Oct. 17, 2018. Alberta has a plan to convey the variety of shops within the province to 219 by the top of the yr – pending provide availability.
Receipts on the Ontario Cannabis Store – the monopoly on-line retailer – have been simply CA$7.6 million in March, up barely from CA$7.5 million in February.
Those gross sales don’t account for the province’s first gross sales at brick-and-mortar shops, which opened almost six months after Canada legalized leisure marijuana.