High Hopes for Canada’s Legal Cannabis, Despite Shortages

Article by Owen Roberts, Guelph Today.

High hopes for Canada’s legal cannabis, despite shortages In this edition of his Urban Cowboy column, Owen Roberts talks to an expert who predicts more cannabis licenses are coming about 2 hours ago by: Owen Roberts

Cannabis users and curious first-timers are shaking their heads about the projected long-term shortage of legal cannabis in Canada.

But consumer frustration and production shortfalls might open doors for farmers and for alternative small-scale production that can fill the gap, says a major supplier.

Maor Shayit, Chief Marketing Officer for Toronto-based Weed Me, predicts new licenses will be granted to craft, micro and boutique growers to help address the shortfall plaguing legal cannabis channels now and further, is predicted to last for years.

It’s a lucrative market – recent sales figures show $54 million of cannabis was sold in Canada in November, the first full month of its legal availability.

An unaddressed shortage leaves much tax revenue on the table, let alone opening the door for more underground activity.

“Common sense dictates that it’s better to have the market demand filled by skilled professionals such as greenhouse producers or conventional farmers who already know how to grow horticultural plants,” says Shayit. “It’s one thing to talk about the agricultural angle of cannabis production when it’s not a legitimate business, but now it’s no longer just in the hands of home producers and the illegal market.”

The changing market includes a drive towards better genetics and growth facilities, which have likewise been an underground pursuit. Now, well-established researchers and labs at institutions such as the University of Guelph are engaged in improving cannabis production.

Read the full article here.

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