MARIJUANA RETAILERS IN CANADA ARE RUNNING OUT OF PRODUCTS
On October 17, 2018, hundreds of thousands of Canadians who are active members of the cannabis community (or just supporters of the cause) celebrated the legalization of marijuana in our northern neighbor. As of this date, Canada has become the first large county to fully allow recreational and medical uses for this drug. Ultimately, the cannabis market has been projected to grow to a staggering $22.6 billion industry, offering at least 150,000 new career opportunities for people in the country. While regulations vary by province and territory, Canada seems to have tackled its original goal. Still, many road bumps are expected on the road to success. Recently, a news report revealed that retailers in Canada are running out of marijuana due to high demands. Let’s take a closer look at the problem and see what it could mean for our friends to the North.
High Demand, Lack of Product
According to the article in Canadian Press, cannabis retailers across the country are either running extremely low or have completely run out of products (only three days after the drug was legalized). Likewise, Manitoba Liquor & Lotteries confirmed that this problem could last for up to six months and will occur in brick-and-mortar and online stores.
At this time, a spokeswoman representing the Manitoba crown corporation released an email warning that Manitoba is all producers in all Canadian provinces are experiencing this issue. As an initial response, Manitoba pot retailers will receive coordinated shipments of cannabis to account for their drastic loss of product (over the course of four weeks).
From Day One
For example, the Tweed Store on Water Street (St. John’s, Newfoundland) completely sold out of quantities of the marijuana flower, rolled joints, and cannabis oils around 2:00 PM on October 17, 2018. Near this location, another retailer had not even placed products on its shelves before the customers arrived to purchase products.
This incident among others reinforces a warning (aimed at cannabis retailers) about problems within the supply chain and an overall lack of product. However, not even lawmakers could have predicted just how much Canadians were craving this drug.
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