Pot Shortage Could Last Up to 3 Years in Canada, Executives Say
- ‘There’s a lot of execution risk,’ Auxly CEO Rifici says
- High Tide CEO says shortages are improving by the week
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Canada’s pot shortage could last as long as three years, according to industry executives who say production estimates are too rosy.
Shortages have plagued the country since recreational marijuana was legalized in October. In response, Quebec’s government-controlled stores have closed three days a week, Alberta has temporarily stopped issuing retail licenses and Ontario has said it will initially open just 25 stores across Canada’s most populous province.