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Case Code: ECON090
Case Length: 16 Pages
Period: 2018-20
Pub Date: 2020
Teaching Note:Available
Price:Rs.500
Organization : -
Industry :-
Countries : Canada
Themes: Micro Economics/Pricing/Global Economy/Macroeconomic Environment
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Cannabis Glut in Canada

 
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BACKGROUND

 

In Canada, cannabis was one of the most widely used substances, followed by hallucinogens, cocaine/crack, and ecstasy. Almost 50% of Canadians had used it at some point or the other in their lifetime. The country’s regulators refrained from imposing any strict cultivation cap or acreage limit on licensed growers. They added a number of measures to establish a regulated market, which would be safer, more accessible, and more economically viable. Canada had a comprehensive license policy and it took a long time to complete the process. “The amount of time to obtain a license to grow marijuana in Canada’s legal market was excessive with some cultivators waiting months or even a year. Once a grower obtained a cultivation license, it needed to produce two full crops, have them tested, get its sales software audited, and apply for a sales license, which could take another year,” a Cannabiz media article stated...

 
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