High Revenues, High Expenses: A Look at the Numbers Behind Vancouver’s Retail Pot Societies

Article by Dan Fumano, Vancouver Sun

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Non-profit societies active in Vancouver’s multi-million-dollar retail pot sector have reported a wide range of annual revenues, from under $80,000 for one society to more than $3.7 million for another, with those totals almost matched by substantial expenses, according to financial statements obtained by The Vancouver Sun.

At the higher end of reported revenues, the Vancouver Dispensary Society, which has two locations, saw revenues between $3.3 million and $3.7 million over each of the last four years.

Society director Dana Larsen said while the number of dispensaries increased in Vancouver over the last four years (according to the city, the number of marijuana-related businesses grew by 100 per cent per year from mid-2013 to mid-2015), the consumer market appeared to grow too, as dispensaries became more mainstream.

Compared to the roughly 75 dispensaries currently operating in Vancouver, Larsen said he believed his society was “probably in the middle somewhere,” keeping busier than some businesses, but not as busy as the largest.

“I see some places that look a lot bigger and more impressive than ours do,” he said. “I’ve been to other dispensaries that have bigger lineups than ours do, but I haven’t really discussed numbers or income.”

Read full article here.

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