The CCSI was assessed at C$5.10 per gram this week, down 0.3% from last week’s C$5.12 per gram. This week’s price equates to US$1,859 per pound at the current exchange rate.
Each week, Business of Cannabis delivers a series of insights from our partners at Cannabis Benchmarks®.
This week, Cannabis Benchmarks re-examines the number of cultivators in Canada’s market, which shows a steady growth trend for both standard and micro-cultivation licenses.
As a reminder, the standard license has no size limit on the growing area for the facility, while a micro-cultivator is limited to 200 square meters (about 2,150 square feet) of growing area.
Health Canada shows there are currently 646 active cultivation licenses split amongst standard and micro-cultivation grow operations. A little under two-thirds of the licenses are standard licenses. As illustrated in the chart below, the micro-cultivation license is a relatively new phenomenon that started in early 2020.
Lastly, Cannabis Benchmarks breaks down the licenses by provinces.
Ontario, with its sizable population, and British Columbia, with its favorable climate, have seen the largest numbers of licensed cultivators. One should note that at the moment not all licensees are operational. However, if each license holder builds out their cultivation facility and begins production, Cannabis Benchmarks expects Canada’s production capacity will continue to outstrip domestic demand.
Cannabis Benchmarks has a complete, cleaned-up list of Health Canada licensed cultivation operations showing the name, type of operation, issue date, and the products authorized to sell. Email them to get the complete list.
Source: Canada Cannabis Spot Index, Cannabis Benchmarks
See previous weekly updates from Cannabis Benchmarks:
- Understanding medical versus recreational sales right now
- A look at daily cannabis sales by Province
- How to view dry cannabis sales across Canada
- A look at percentage of legal versus illicit cannabis sales
- A look at the pace of growth for cannabis retail
- A look at monthly cannabis sales in Ontario
- What is the optimal number of cannabis stores in Canada?
- How to compare daily cannabis retail sales by Province
- Understanding the impact of cannabis on alcohol sales in Canada
- A look at cannabis retail store count by Province
- A look at cannabis user statistics in Canada
