Legal cannabis shortages could last years: expert

Legal cannabis shortages could last years: expert
Top Stories
Four months after recreational cannabis sales became legal in Canada, stores are running out of the product. One expert says it could take five years to get back on track.

In Quebec, shortages have forced retail outlets to operate for just three days a week. New Brunswicks provincial retailer has laid off 60 workers due to a lack of supply. The problem could get even worse when Ontarios first 25 brick-and-mortar stores open on April 1.

George Robinson, who runs the cannabis firm RavenQuest, told CTV News that he believes it could take five years before supply meets demand.

"We re absolutely not getting anywhere close to the (needed) supply, he said.

Thomas Clarke, who owns a private retail store in Portugal Cove, N.L., recently ran out of supplies for two weeks. He then received a $15,000 shipment that he expected to last only a couple of days.

Clarke told CTVs Atlantic Bureau Chief Todd Battis that black market dealers are laughing at him.

"They say Ha ha, you don t got any cannabis in your store, you re only making seven-and-a-half per cent (profit) ... our business on the black market is thriving and we re making 100 per cent, Clarke said.

The Liberal government has long argued that legalization of recreational cannabis will reduce crime by shutting down the black market.

Despite the shortages, Minister of Border Security and Organized Crime Reduction Bill Blair said hes confident the plan is on track.
Read more on CTVnews
News Topics :
Anywhere from 6, 000 to 8, 000 entrants, experts believe, are drawing straws on Friday for the chance to open a cannabis store in Ontario. Only 25 of them will get a...
TORONTO Demand for newly legal pot appears to be outstripping supply as retailers run low on some products or are cleaned out completely amid a shortfall that could last...
TORONTO Ian Power was among the first to buy legal recreational marijuana in Canada but he has no plans to smoke it. He plans to frame it. Canada became...
Top Stories
DENVER, CO. John Lord steps from his SUV and into his giant cannabis factory, near this citys deserted stockyards. Cattle once dominated commerce in the Colorado capital, but marijuana...
This is what the end of cannabis prohibition will look like in New Brunswick An upscale showroom with black ceilings, grey walls and a once illicit drug displayed in brightly lit...