The latest reports from Health Canada and Statistics Canada show that production is already passing retail demand for cannabis.
And with all the private capital that has rushed to grow legal cannabis, new capacity is still coming down the pipes.
An Atlantic Provinces Economic Council survey found that another 100,000 kilograms of growing capacity will come on stream by the end of 2020.
The 20 licensed Atlantic Canadian growers are currently producing 200,000 kilograms annually.
“We’re heading toward a rationalization,” said Fred Bergman, senior policy analyst for the council.
As early as May of this year, Health Canada changed its rules to slow the growth of cannabis production – stating that any further new license applications will have to come from companies with their production infrastructure already built.
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