Why is the Canadian Medical Marijuana Sector so Attractive?

Article by Wedaeli Chibelushi, Business Review Canada

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Drug Mart, Canada’s largest pharmacy chain, has officially applied to be a distributor of medical marijuana.

“We have applied to be a licensed producer strictly for the purposes of distributing medical marijuana,” Shoppers Drug Mart spokeswoman Tammy Smitham told CBC News.

“We have no intention of producing medical marijuana, but we do want the ability to dispense medical marijuana to our patients in conjunction with counselling from a pharmacist.”

What has made Drug Mart tap into Canada’s medical marijuana industry?

For a start, more than 75,000 Canadians had valid prescriptions for medical marijuana at the end of June, according to latest government data. This figure has tripled in the past year, and these customers had purchased a total of more than 4,000 kilograms of dried marijuana in the previous three months. The Canadian medical cannabis industry is growing at an impressive 10% per month.

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