Everyone knew that Canada’s marijuana industry was growing at an astronomical pace. The latest batch of statistics from Health Canada indicate that the growth is accelerating faster than anyone could have predicted. The latest numbers show that the number of medical marijuana patients eligible to participate in the national delivery-by-mail program has been increasing at a rate of ~10% per month. The increased number of patients has driven sales through the roof, giving retails a glimpse of what demand will look like this time next year.
According to Health Canada, the number of registered patients stood at over 167,000 at the end of March. This represented an increase of over 29% from the previous quarterly figures. Sales are up as well in a variety of different categories. Cannabis overall sales are up by 24.5%. Dry flower sales are up by 13.7% with cannabis oils and concentrates rising an impressive 38.1%. As it stands, producers have been able to keep up with the demand with production rates up to 28%, however cannabis oil production is up 33%, falling 5% short of the increase in market demand.
The amount of actual cannabis sold to medical patients has risen from 4,037 kilos leading up to the end of June 2016, to 5,836 kilos in the quarter ending March 31 of this year. Total inventory levels have also risen during that period from just under 12,000 kilos to over 18,000. The average number of grams per patient has stayed steady at just over a gram per day, but the number of patients receiving shipments has gone from 23,930 to 53,649. Health Canada has also streamlined the application process, leading to what will be a record breaking number of new licensed producers by the end of the year.
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.