Legal Pot Stores and Sales.
It's been 3 yrs since the Liberals legalized pot, with the promise it would eliminate the Black Market and make our streets safer.
latest report: it has only captured 44%
Consumers can also purchase cannabis online directly from the Ontario Cannabis Store. The provincial agency said its online store and its retail partners sold $840.1 million worth of cannabis across Ontario last year and estimates it captured 44 per cent of the market – meaning the majority of pot purchased in the province still comes from the black market.
Interesting stats for Ottawa:
Quote:
Cannabis consumers purchased more than $13 million worth of legal pot in Ottawa from authorized retailers in the first quarter of the year, according to new figures from the province.
The snapshot of the local cannabis market provided by the Ontario Cannabis Store Thursday shows that while sales revenues have remained relatively constant over the past year, the number of brick-and-mortar stores operating in Ottawa has multiplied from seven in the first quarter of 2020 to 28 in the same period this year.
Quote:
By some experts’ calculations, if all of the pending stores in Ottawa do launch as planned, there will be twice as many cannabis retail stores in Ottawa as there are LCBO and The Beer Store outlets combined.
I know here in Kempville with a population of around 2K there will be x5 pot stores opened by the end of the year...only x1 Beer and x1 LCBO outlet HaHa.
If sales have flatlined over the pandemic, I can't see them increasing much more after it's done and people go back to work.
The Bloomburg Financial Report on Pot sales: https://www.bnnbloomberg.ca/five-key...port-1.1624698