The volume of dried adult-use cannabis sold in the regulated Canadian industry fell in January whilst inventories continued to construct, according to the newest information from Overall health Canada.
In January, five,330 kilograms of dried cannabis was sold via regulated channels across the nation, down four.five% from December 2018.
Inventories of “finished” dried cannabis held by federal license holders, wholesalers and retailers rose four.five% to 19,500 kilograms. Health Canada defines completed inventory as cannabis held in stock that is prepared for sale.
That indicates inventory of dried cannabis that is prepared for sale outpaced sales by a ratio of about four:1 – a figure that contradicts the claim by most provincial regulators that the regulated industry has a shortage of cannabis.
Business professionals say, on the other hand, that the shortage noticed in the regulated industry is not necessarily reflective of the totality of cannabis accessible for sale, but in the specific goods shoppers want to invest in.
Ontario cited a “national shortage” of regulated cannabis when it scaled back the rollout of brick-and-mortar outlets late final year to 50 across the province.
The province is but to announce how it plans to develop the network to the 500-plus shops professionals say is the minimum necessary to meet demand in what is supposed to be the biggest cannabis industry in Canada.
The information does not differentiate among inventoried cannabis for health-related or nonmedical use.
Oil sales, inventory rise
The Overall health Canada information shows that sales of nonmedical cannabis oil have grown each month because October when 1,700 liters had been sold. That figure rose to two,200, two,500 and two,800 liters in subsequent months.
At the exact same time, inventories of completed cannabis oil held by federal license holders, wholesalers and retailers sky-rocketed from two,600 liters in October to more than 19,000 liters in January.
Overall health Canada licensed 93 new cannabis web sites in the 18 months via January, regulators stated, additional than double the quantity it authorized in the earlier 4 years.
Canada’s wellness division also stated that, as of January, all federally licensed facilities could collectively create 800,000 kilograms of marijuana when at complete capacity, “enough to meet the estimated demand for both legal and illegal cannabis.”
Matt Lamers can be reached at [email protected]
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