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Growers Wanted

Submitted by Marijuana News on Fri, 12/25/2015 - 09:49

Canada's 26 licensed medical marijuana growers are in for a busy 2016 if predictions in a recent report by Investor Intel prove accurate.

Dr. Luc Duchesne - in a column spotlighting Calgary grower Aurora Cannabis Inc.'s approval from Health Canada to sell to licensed medical patients - predicts a "significant market explosion" in the field of legal marijuana.

"The newly elected Liberal government has recently reinforced its commitment to legalize recreational marijuana, and I speculate the government will use Health Canada's licensed growers as a path to broadening access to marijuana," writes Duschene. 

In the first quarter of 2015, Health Canada reported that more than 2,200 kg of medical marijuana was produced in Canada. Sales were just over 1,300 kg/quarter, with the average person consuming 1.1 gram per day. Assuming 10 percent of Canadians continue to consume that amount of pot, the...

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