Canada’s cannabis industry has been sounding the alarm about oversaturation of retail stores, with the CEO of Sundial Growers warning of “massive store closures” and some stores closing or going up for sale in Ontario.
The question of cannabis retail saturation has even entered mainstream politics, with the Liberal Party of Ontario vowing during the ongoing provincial election campaign to rein in dense concentrations of marijuana retailers.
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However, every Canadian province except Alberta could actually handle more recreational cannabis stores, according to an industry analyst.
Connecticut-based market data firm Cannabis Benchmarks estimates that Canada can sustain more than 5,100 brick-and-mortar cannabis retailers.
The country is far short of that target, with 3,162 stores nationwide as of the end of April.
Cannabis Benchmarks’ estimates assume an optimal number of stores for the wealthy country of 38.5 million people: roughly one store per 7,500 Canadians.
That figure is based on per-capita
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