Cannabis 2.0: What can we expect?
There are numerous challenges that face companies and new cannabis products, not the least of which is consumer education and a strict regulatory regime that limits cannabinoid content, promotion, and manufacturing.
Recreational cannabis has been legal for a year in Canada, and estimates suggest retail sales during 2019, its first year, could reach between $1.2 billion and $1.5 billion. On October 17, 2019, edibles became legal, meaning that companies can advise Health Canada of the products they intend to bring to market. Sales of new 鈥淐annabis 2.0鈥� products (edibles, concentrates and topicals) will likely begin in mid-to-late December.
In 2018, SCS Consulting and AV俱乐部 collaborated on a survey of Canadian food and beverage makers. The objective was to better understand the concerns and perspectives of the industry in regards to entering the cannabis edibles space. Just over one year later, we conducted a follow up survey to find out what may have changed. A link to a report of findings (in both official languages) is included below for your information.
Media Contact:
Sylvain Charlebois, Senior Director
Agri-Food Analytics Lab
Faculty of Agriculture, AV俱乐部
Sylvain.Charlebois@dal.ca
902-222-4142 (cell)
Brian Sterling, Research Associate
SCS Consulting
brian.sterling@scs-consulting.ca
416-402-4460 (cell)
Janet Music, Research Program Coordinator聽
Agri-Food Analytics Lab
Faculty of Management, AV俱乐部
jlmusic@dal.ca
902-494-2471
Download the report: