"Harvest season" drives Canada's cannabis stocks to a record 1.4 billion grams

Canadian cannabis growers produced a record amount of cannabis during last fall's "croptober" (the mostly outdoor harvest season), despite lower retail prices and already swollen inventories. and the total stockpile of licensed producers, wholesalers and retailers reached 1.4 billion grams (about 1,543 tonnes) at the end of November, according to new data from Health Canada. Of the 1.4 billion grams of dried cannabis in stock, there were 1.26 billion grams of unpackaged cannabis flower. new production in 2021 will be at least 1.6 billion grams, a figure that continues to rise as more companies enter the cannabis industry rather than leave it. As of July, there were 886 licensed growers, processors and sellers under the Canadian Cannabis Act. A year ago, there were 730. in 2020 and 2019, those numbers will be about 440 and 206, respectively.

Information source: mjbizdaily.com/