Thursday will mark one year of legal REC in Canada, and this week’s most striking figure is that Canadians only bought $1.1B worth of legal cannabis (REC and MED) in that time. That represents roughly 105,000 kg of an estimated 924,000 kg of dry flower consumed across the country annually.
- A new RBC report found legal REC and MED represent only 12% of the total cannabis market. The report also warned of “a growing amount of cannabis consumers do not want,” which they warned was a sign the market is heading toward a supply glut.
Globe and Mail
- The ten largest LPs’ stocks have offered an average of 57% negative return to investors.
Retail is working best in Alberta, which cracked 300 REC stores this week, one for every 14,571 residents. Newfoundland follows with one license per 20,862. Quebec, meanwhile, has one license per 404,046, and Ontario has one per 606,039 Ontarians.
- Alberta Gaming, Liquor and Cannabis marked the 300-store milestone by raising the number of stores one company can own from 37 to 42.
Globe and Mail
- There are now 237 Health Canada–licensed parties (formerly known as licensed producers), up from the 23 existing in 2014.
Fewer than 10% of users burned through two thirds of all cannabis consumed in Canada in 2018. The group is largely composed of men aged 15 to 34, which mirrors patterns of excess alcohol consumption.
Prince George Citizen, Vancouver Sun
- Study authors said knowing who uses cannabis is important in developing the kinds of policy programs that aid cannabis-associated harms.
CBC British Columbia