MJBizMag August 2020 - 25

© 2020 Marijuana Business Daily, a division of Anne Holland Ventures. All rights reserved.
Data is current as of July 15, 2020.
guidance for ingestible products such as dietary
supplements.
you cannot sell what you're making, it starts backing up,
and you will eventually have to write it down or destroy it if
it doesn't sell. "
Canadian Cannabis Inventory Hits New High,
Indicating Pain Ahead for Producers
Federal license holders in Canada are stockpiling more
cannabis than ever, new government figures show,
indicating that some producers are in store for more
financial pain as the market looks for equilibrium.
As of April, Canadian cultivators and processors had
amassed roughly 1.4 million pounds of unpackaged
cannabis inventory and 187,500 pounds of packaged
inventory was being held by federal license holders,
retailers and wholesalers.
" It's plain old supply and demand, " said Craig Wiggins,
managing director of market researcher TheCannalysts. " If
Mexico to Implement 3-year-old MMJ Law
as Full Legalization Delayed
The Mexican Secretariat of Health announced in late
June that authorities plan to finalize medical cannabis
regulations by Sept. 9.
The General Health Law of Mexico was amended
in mid-2017 to authorize cannabis for medical use;
however, that amendment did not create any specific
rules or regulations to facilitate a functioning medical
marijuana market.
A bill to fully legalize cannabis, including for
recreational use, has been delayed multiple times.
August 2020 | mjbizdaily.com 23

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MJBizMag August 2020

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