Licensed Producers Up 20% As Demand For Marijuana Continues To Grow
The demand for high-quality medical marijuana is growing around the world, and it is being felt right here at home in Canada. Seeing the rise in not only local but global markets, and with an anticipated spike once legalization hits next year, regulators at Health Canada streamlined the application process which has resulted in a 20% increase in the number of licensed marijuana producers. This brings the total to 56. The increase in national production comes just in time, as there is a growing frenzy surrounding Canada’s medical and soon to be recreational marijuana industry.
If the growth in medical marijuana demand in Canada is any indication of what is to come once adult use sales are legalized, then marijuana producers are in for a big pay day. That is if they can keep enough product on the shelves. Recently, companies like Tilray, MedReleaf, and Aphria have announced plans to expand facilities in the coming months in order to keep up with rising sales figures. With the 20% increase in new producers now licensed to grow, and much more still to come, there just might be enough marijuana to go around – – fingers crossed!
The need for increased marijuana production in Canada cannot be understated. Not only has the demand by medical marijuana patients increased; legalization looms on the horizon, and the eyes of the world are now looking to Canada to supply many countries with their own growing marijuana needs. The single biggest threat to the marijuana industry is an inability to keep up with not only local, but global demand. Fortunately, good decision making on the part of Health Canada and an enthusiastic cannabis business community are helping to see the marijuana shortage crisis averted.
Davie is a long time cannabis professional who has worked not only as a cultivator but in all aspects of retail cannabis. From budtender, to wholesale and retail management, and from harvester to advanced hydroponic specialist, Davie has been around the block more than once. Now residing in beautiful British Columbia, Davie now works with acres of greenhouses, producing some of the best buds in the country.