A large part of the world is in containment but cannabis is at the top of the sales
With much of the world withdrawing into an indefinite period of self-isolation, some bars and restaurants are preparing for a huge financial blow. But the cannabis industry continues to buzz, at least in Canada, where sales of marijuana increased during the COVID-19 crisis.
The Canadian Press reports the Ontario Cannabis Store "received almost 3 orders on Saturday, an 000% increase from an average Saturday."
Store spokesperson Daffyd Roderick told the store that "the past three days have resulted in increased sales volume on OCS.ca and strong demand for same-day and next-day delivery."
Similarly, the Société québécoise du cannabis, another marijuana company, declared to The Canadian Press reports that sales have also increased in recent days.
Despite the state of emergency in Ontario, the province's Cannabis Store remained open, a move that was not without controversy. The Liquor Control Board of Ontario also remained open, telling customers that it "has improved our cleaning and sanitation protocols in our stores and warehouses and has made our staff more aware of prevention."
Canada legalized recreational use of marijuana in the fall of 2018, joining Uruguay as the only other country to allow recreational marijuana nationally; the reform also made Canada the first industrial country in the world to adopt legalization.
The policy change was pushed by Canadian Prime Minister Justin Trudeau, who said in 2018 that "it is too easy for our children to get marijuana - and for criminals to reap the benefits." When the law officially came into force last October, Canadians celebrated by splashing joints and forming long lines in front of recently opened pottery stores.
But a year after legalization, the regulated weed market in Canada was struggling to keep pace with the illicit market, with legal marijuana sales totaling $ 1 billion in the first 12 months, compared to $ 5 billion and $ 7 billion. dollars of revenue generated in the unregulated market.
The resilience of the illicit marijuana market is not unique to Canada. In California, where the recreational pot was legalized in 2016, the unregulated market also remains robust.