Sales of Pot Edibles Get off to a Slow Start in Canada

Monday marks the first day Canadians can legally buy a range of new cannabis formats including vapes, edibles and beverages. Newfoundland and Labrador, on Canada’s easternmost edge, was one of the only provinces that appeared to have some of these products available for sale.
CannabisNL, the province’s government-owned wholesaler, had chocolate squares and gummies from Auxly Cannabis Group Inc. brands Kolab and Foray available for sale on Monday. Many other choices are listed as “coming soon.”
Most other provinces were days not weeks away from offering the new products, according to representatives:

Alberta won’t have products on store shelves until mid-January. The province, which has the most retail outlets in Canada, currently has contracts with 42 cannabis producers and about half of them anticipate the new products.

Quebec will begin selling the new products on New Year’s Day if they’re available. It will likely be a limited of some teas and perhaps one beverage

•New products will begin to show up in retail stores in early January in Ontario

British Columbia expects to see products on the shelves in late December

Nova Scotia expects to have small amounts of products in stores on Dec. 23, while online ordering won’t be available on Jan.6

New Brunswick will start receiving limited shipments of products over the next few days

Regulations governing the new products came into force on Oct. 17, one year after Canada Legalized recreational marijuana and began selling flower and oils. Companies had to give a 60 day notice before they can start selling to provinces. Canopy Growth Corp, for example, has said most of its products won’t be available until January, while Aurora Cannabis Inc.’s products will be released over the first quarter of 2020.
The slow start means pot stocks are unlikely to get an immediate lift from cannabis 2.0 in Canada, extending a shakeout as the initial euphoria surrounding legalization wears off. The Horizons Marijuana Life Sciences ETF slipped on Monday and has dropped about 60% since its high in March amid disappointing sales, and regulatory breaches.

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