Canadian cannabis producers have sold less than 20% of output since adult-use legalization
Canada’s largest licensed producers didn’t have the know-how needed to produce cannabis at the scale they told their investors they could
MJBizDaily (US)
Wednesday, July 28, 2021
Wednesday, July 28, 2021
Cannabis producers in Canada have sold less than 20% of their production since the country launched adult-use sales in October 2018, according to an MJBizDaily analysis. The newest data – which runs through 2020 – implies that most of the cannabis produced from 2018 through last year was either stored in inventory or destroyed, and less than one-fifth ended up in retail stores. That disconnect likely helps explain how the largest Canadian cannabis producers, which account for most of the industry’s production, together have lost more than 11 billion Canadian dollars ($8.8 billion) cumulatively. Some industry experts blame poor-quality cannabis for the sales shortfall.
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