In lower than two years after the nation legalized leisure hashish, Canada has reached an necessary milestone. According to a report in BNN Bloomberg, the nation’s dispensary depend crossed the 1,000 mark as of July 17, touchdown at 1,010.

Of all the nation’s provinces and territories, Alberta in the West has the highest quantity, at 494. No. 2 is the province the place a few of the highest-quality Canadian hashish has historically come from, British Columbia (211 dispensaries).

Due to an ineffective licensing policy in the early days of legalization, the most populous province, Ontario (which additionally occurs to be the house of the capital, Ottawa, and largest metropolis, Toronto) has solely 115 marijuana shops. Somewhat incongruously, a few of the highest-profile cannabis companies on the inventory market are headquartered in the province, together with Canopy Growth (NYSE:CGC) and Cronos Group (NASDAQ:CRON).

Ontario’s neighbor Quebec can be gentle on the dispensary depend, with solely 43 licensed hashish shops.

The whole variety of Canadian dispensaries is about to develop sharply, with the proportions altering fairly a bit. 496 dispensaries in Ontario have but to obtain their full licenses from the province, whereas some trade observers imagine that the Alberta retail market is presently saturated and due for rationalization.  [Read more at The Motley Fool]



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