With just weeks to go before recreational pot becomes legal across Canada, a new report commissioned by Health Canada predicts the demand for it will be substantially higher than widely anticipated.
Of course. When marijuana is legalized, the overwhelming majority will switch from the black market and new interested customers will want to try it. Also, edibles and beverages will be on the menu in 2019. That will be another boost in demand.
It calculated the amount at 926,000 kilograms for both recreational and medical use. That’s a whopping 41 per cent higher than the estimate of 655,000 kilograms by the Parliamentary Budget Officer in 2016.
[...] If the new report is on the mark, Canadians could face shortages after recreational marijuana becomes legal across the country on Oct. 17.
Surely, the cannabis growers and the government officials wouldn't mind elevated prices in the beginning. As supply catches up, the prices will naturally drift down.