Since nearly a year now, Cannabis can be purchased in Canada is legal, and consumed. For many companies a gold mine. Yet the business runs anything other than smoothly. From Toronto, Nicolas Martin.
“Hello Cannabis”, is that from the outside, with a simple “Hello” under a Smiley face. Just under an hour’s drive is sold from Toronto here in Hamilton legal Cannabis market: pre-rolled Joints, flowers, but also Oils and pills usually to CBD-based – a non-psychoactive component of Cannabis.
Unlike in so-called Coffee Shops in the Netherlands is purchased in canadian Cannabis stores only, and not consumed. 400 to 700 people of all ages attended, according to the Manager, Oliver Coppolino daily the Store. “The staff is running around here with Tablets and explains to the customer the offer,” he says.
Oliver Coppolino is a turnover in his Shop satisfied
His business is one of a total of 50 in the entire state of Ontario. In order for a Shop to 300,000 inhabitants comes pit – a gold. “The demand for Cannabis products is huge. We have a Problem with the supply. Most of the Top products are always sold out very quickly,” says Coppolino.
Audio, 15:46
Cannabis in Canada – Here as a report to listen to!
Canada is to the grass nation’s no. 1
Since the year 2001, the use of Cannabis for medical purposes is allowed. Since October of last year, Canada is the first industrialized country in the private consumption of Cannabis is legal. The possession is limited to 30 grams per Person. Previously, Canada was one of the countries with the highest Per-capita consumption of marijuana in the world. The black market is estimated to be the equivalent of four billion euros.
“In the industry to a gold rush mentality. The whole stock market is crazy about Cannabis,” explains Mark Rendell. The economic journalist observed for one and a half years, the Cannabis industry is the second-largest canadian newspaper, The Globe and the Mail. “It’s not often that we are in any industry pioneer. But because of the legalization, it is now much easier than in other countries, to allow Cannabis by banks and the stock market, Finance,” says Mark Rendell.
Many Cannabis companies have come on stock market courses to your money. In The Picture: Toronto’s Banking District
Prior to the legalization, numerous companies have gone public and have raised this much money. This was for a long time can be a risky business, because to June 2018, the legalization was only a promise by Prime Minister Justin Trudeau to voters. In the end it was a compromise of many political forces. The power in the legislation felt. Thus, the Central government in the capital city of Ottawa decides on the production licenses for the company – the provincial governments determine the Form in which Cannabis can be sold. Some provinces are more successful than others.
Nearly 20 percent of the black market is legalized
In Ontario, the authorities had waited a very long time with the award of licences for Cannabis Shops, explained the Journalist, Rendell. But also in the case of the licences for the production, you will be afterwards. Also, the companies delivered with the licenses, what would you have promised. “They build giant greenhouses, but Cannabis has never been previously cultivated, so that’s why there are a lot of risks.” To do this, especially harvest losses and quality problems were,” says Rendell.
According to the most recent data from the canadian statistics Agency, 20 percent of the black market are just legalized. Several Hundred companies are currently in the queue for a cultivation license.
As the cultivation in a large scale looks like, is shown in Leamington – an hour’s flight South of Toronto. Approximately at the latitude of Barcelona, tomatoes and cucumbers grew for a long time – and now Cannabis. Unlike the classical cultivation with artificial light in greenhouses to save energy. “We still use machinery from the food industry,” says Brett Marchand.
Brett Marchand of Aphria in an empty part of the Cannabis production hall in Leamington
The Canadians working in the army, then for the meat industry. Now he’s building for the cannabis producers Aphria the state of the art greenhouse in Canada. “This is a completely new industry to be there – so you get a Chance only once in a lifetime,” says Marchand, and walks with brisk strides, thanks to the new greenhouse the company.
Much Hype, little substance?
In the first of the three halls of the test phase is currently running. Here, cannabis plants, as far as the eye can see are. Robotic arms put small seedlings in pots. On the automated run, the plants are moved to tapes. “The market is growing all the time. We are not there yet long way to go,” says Marchand. “Every Time we produce more, to open new stores.” The equivalent of 65 million euros had been invested in a fully automated production process. In addition to the energy costs, to reduce also the personnel expenditure.
On the stock exchange, the group will be assessed with more than one billion Euro in sales Aphria is lagging because with 25 million euros, more than afterwards. Nevertheless, many investors believe in the Cannabis Boom. The industry was also fueled by multi-billion-dollar investments and investments in the beverage and tobacco industry. The cannabis industry-related analysis in-house Arcview Group, until 2024, from a turnover of the equivalent of four billion Euro with Cannabis in Canada.
Cannabis production is also labour-intensive – here flowers are trimmed
With a view to the canadian legalization of Journalist Mark Rendell of the producer is disappointed. “Many have promised heaven on earth.” In order to collect money for the investors, many would have released a press release after the other. “Then the shock was enormous when it became clear how much they have remained below expectations.” He assumes that it could take up to three years for supply and demand in Canada have harmonized.
For the internationally oriented Cannabis companies will be crucial whether the legalization in Canada is a success of the project. Manages, the black market activities? Not it is possible that the Consumers will increase and more young people using Cannabis? If Yes, then this could rise to the accounts of the corporations and the canadian legalization of school. For answers to this question, the data situation is, however, a year after legalization, nor too thin.