To be honest, "recreational" is a euphemism for people getting stoned at home. The nature of high-THC cannabis and regulation is that if you imbibe, as it were, you're not going to be in a "social drinker" type situation where you go to the bar and sample the fancy Scotch with friends. Weed doesn't really work that way. And of course, obviously, Health Canada has made it illegal to consume cannabis in any form at a public place. So, no smoking weed at your favorite bar, no weed brownies, no nothing. Stay home, get stoned and crash in front of the television. Sounds super fun, right?
The latest figures from Health Canada showed that as of March 31, while monthly sales of dried cannabis amounted to 7,627 kilograms, there was 30,802 kilograms of finished inventory and 143,773 kilograms of unfinished inventory in the system.
Sounds ominous, right? Sounds like they made a booboo. But what does "finished" mean vs. "unfinished"?
Meanwhile, BMO Capital Markets analysts Tamy Chen and Peter Sklar on Wednesday warned that some "unfinished inventory," defined as cannabis that is not packaged, labelled or ready for sale, may not be deemed as "not competitive" for sale on the market, based on discussions with licensed producers.
Big problem, weed doesn't last two years. It needs to be fresh. Not sure if even cannabis oil lasts that long. It might, but after two years its getting to its sell-by date.