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August 9, 2022

TODAY'S TOP STORY: "Croptober" pushes Canada's cannabis inventories to record 1.4 billion grams
Cannabis cultivators in Canada produced a record amount of marijuana during last fall's “croptober” – when most of the outdoor harvest comes in – despite falling retail prices and already-bulging inventories.

Cannabis produced in September, October and November 2021 totaled 561,459 kilograms – or about 560 tons – of dried cannabis, bringing the total amount stored by licensed producers, wholesalers and retailers to 1.4 billion grams (roughly 1,543 tons) as of the end of November, according to new Health Canada data provided to MJBizDaily’s international editor, Matt Lamers.

The data suggests Canada’s cannabis industry still suffers from a serious supply-demand imbalance, Matt writes, even after major greenhouse closures and insolvencies.

Matt’s story offers even more insight on this situation in Canada.