(This is the second installment of a two-part series on the destruction, supply and sale of regulated cannabis products in Canada. You can read the first installment here.)
Canadian cannabis cultivators produced a record amount of marijuana during last fall’s “croptober” – when most of the outdoor harvest comes in – despite falling retail prices and already-bulging inventories.
Cannabis produced in September, October and November 2021 totaled 561,459 kilograms – or about 560 tons – of dried cannabis, bringing the total amount stored by licensed producers, wholesalers and retailers to 1.4 billion grams (roughly 1,543 tons) as of the end of November, according to new Health Canada data.
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The data suggests Canada’s cannabis industry still suffers from a serious supply-demand imbalance, even after major greenhouse closures and insolvencies.
Last year, prices declined for every cannabis product category, partly because of overproduction.
Among the 1.4 billion grams of dried
Read full article on Marijuana Business Daily
