Marijuana Edibles Will Be Sold in Canada by December
Following a very rocky start, the Canadian cannabis industry appears to be on its way to recover. It still has a long way to go, but the eventual arrival of edibles will breathe new life into a commodity whose legal sales were somewhat underwhelming.
Canada promised to have all regulations around edibles in place by October 17th, 2019. Unlike with the initial rollout, it appears the government has kept its promise.
According to CBC News, not only will the regulations come into effect on time, but we now know that these products will be available for sale in the middle of December, just in time for Christmas.
Offering edibles for sale before Christmas – intentional or not – was a stroke of economic genius on the government’s part. Alcoholic beverages and liquor chocolates are staples of the gift-giving season. Now, Canadians will have another option under their trees or in their stockings.
Significant Demand Expected
Unlike dry herb, which turns many people off due to the need for smoking, edibles are likely to dominate the market and generate major sales revenue. CBC News states:
“The market for this next-generation category of cannabis products is forecast to be worth about $2.7 billion annually, according to a Deloitte report released earlier this month. The Deloitte report said about 50 per cent of edibles users surveyed said they planned to consume cookies, brownies or chocolate at least once every three months.”
Of course, this demand – like with the initial rollout – means that the industry will need time to stockpile supplies. This was not afforded to dry herb, which led to a catastrophic shortage.
Unfortunately, however, shortages are still a serious concern. According to CBC News:
“Since cannabis was first legalized last year, supply shortages have persisted in many provinces. The introduction of edibles could drag out those shortages for years.”
This of course runs the risk of souring the public’s perception of legal cannabis once again. However, hindsight is 20/20, so companies have been gearing up for this rollout with ample time to spare:
“Greg Boone, CEO of the P.E.I.-based cannabis firm Dosecann, said he’s excited the regulations have been finalized. For the past three years, he said, his company has been preparing for this announcement.”
Boone explains to the CBC that his company (and likely others) has been amassing large amounts of cannabis for the purpose of research and edible production.
Hopefully, this will soften the blow that the demand for edibles will undoubtedly create on the still-recovering marijuana shortage.
It appears that February’s consultations on the proposed regulations failed to influence the government.
For example, alcoholic drinks or products containing nicotine cannot be mixed with cannabis. All packaging must be plain and unappealing to children.
Of course, the concern for children is likely to backfire in some cases. CBC News explains that the government task force behind edible regulation suggested a ban on edibles resembling candies. Their fear is that children may accidentally consume them.
However, this fear is unfounded. With each edible product maxed out at 10mg of THC, consuming an edible like that will, at most, cause the child to feel ill.
Furthermore, it is the parents’ responsibility to store these items out of reach of children. Thanks to the media hysteria in recent months spurred on by the incompetence of a few adults, the government now sees edible poisoning as a serious health risk. The absurdity is that all of these products were obtained illegally, so legal bans will literally accomplish nothing.
WeedAdvisor’s Support of the Edible Market
We are happy to finally know exactly when edibles will be sold so that we may add them to our growing list of product descriptions.
As the initial regulations go into place, WeedAdvisor intends to work with government and businesses to help facilitate the enforcement, tracking and perhaps even the reform of certain regulations in the edible industry.