Where grocery chain sales would reflect demand precisely in most cases, legal cannabis sales are likely between a third and a fifth of current demand, Armstrong says. He says what’s needed to accurately gauge cannabis industry health is data on actual production — such as tons of plants harvested or kilograms of packaged goods per month. Elliot asks if the Ontario Cannabis Store — the sole wholesaler of cannabis in this province — has reached out to enough producers. The Ontario Cannabis Store, which runs online sales and supplies pot stores in the province, has agreements with 36 producers. “So, yeah, we’re seeing some of that in broad terms here.” Unlike the dot-coms, Canada’s cannabis industry can right itself with a slow and steady buildup of the necessary logistics — sometime in the next year or two.

Source: thestar April 17, 2019 20:15 UTC