Canada Says There Will Be Enough Marijuana to Meet Demand
- Health Canada says nation ‘well positioned’ to supply product
- Government allowed time for orderly transition to legal market
Cannabis plants grow in a greenhouse a facility in Pelham, Ontario, Canada.
Photographer: Cole Burston/BloombergThe Canadian government is confident there will be enough marijuana to pass around despite concerns of a looming supply shortage as the nation rolls out legal sales next week.
Canada is “well positioned” to supply cannabis as the country transitions to a legal market on Oct. 17, with 66 licensed producers given the go-ahead to sell marijuana, said Mathieu Filion, a spokesman for Health Minister Ginette Petitpas Taylor. More than 160 expansions or modifications of existing facilities have been approved since June 2017 and the government estimates the nation’s licensed growers have in excess of 11 million square feet of space as of the end of June, including space for cultivation and office space and storage.