Despite Growing Pains, Outlook for Medical Cannabis in Canada Looms Large
July 23, 2017
New Frontier Data Appoints Technology Veteran Gary Allen as COO
July 26, 2017Despite Growing Pains, Outlook for Medical Cannabis in Canada Looms Large
July 23, 2017New Frontier Data Appoints Technology Veteran Gary Allen as COO
July 26, 2017
As Patient Participation Grows, Canadian LPs See Strong Market Opportunities
- In the past two years, the rolls of Canada’s registered patients have grown six-fold, from about 24,000 in June 2015 to nearly 168,000 by March 2017.
- Those patients are being served by the country’s 52 Licensed Producers (LPs), more than half of which (29) are located in the province of Ontario.
- Canada tightly restricts cannabis marketing or advertising, and only allows home delivery of products; nevertheless, sales keep growing steadily.
- With adult use legalization expected to take effect in July 2018, more traditional brick-and-mortar dispensaries are expected to replace the delivery-only approach.
