What started with supply shortages and purchase limits has turned into an industry saturated with shops in a matter of less than three years.
Delta 9 CEO, John Arbuthnot, said recent data from Statistics Canada shows in-store cannabis sales have displaced roughly 50 per cent of black market sales.
Something he said was the goal of legalization in the first place.
“Obviously a significant milestone for the industry to not only have achieved the growth that it has over the first few years,” said Arbuthnot.
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According to the province’s latest public accounts records, the number of stores are also on the rise.
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There are now 71 cannabis retail locations across the province — up from 42 in 2019.
The growth can also be seen in sales, with Delta 9 in