Canadian marijuana manufacturers are sitting on 1.1 billion grams (2.4 million pounds) of the drug that they can't sell as the country's legalized weed industry runs out of puff. Last October, Canadian cannabis firms had around 1.1 billion grams of harvested or processed cannabis sitting in storage. The largest Canadian marijuana producers have in total lost more than $8.8billion CAD ($7bn USD) in the last three years. The Canadian Marijuana Index, which lists the country’s largest cannabis producers, reported an 82 percent drop since its high point in January 2018. Health Canada said in December it was seeing a surge in the amount of pot personal cultivators were being authorized to grow.

Source: Daily Mail August 08, 2021 22:22 UTC