By / June 19, 2023

Canada Is Sitting on 1.5 Billion Grams of Unsold Cannabis

Packaged and unpackaged cannabis stocks in Canada jumped to a historic record of 1.47 billion grams in December 2022, according to the latest data from Health Canada, which tracks the overall unsold stocks of licensed producers, wholesalers and retailers.

For more news like this from Canada and around the world, download our free cannabis news app.

Canada Is Sitting on a Mountain of Unsold Cannabis

Canada is sitting on 1.5 billion grams of unsold cannabis. That’s up from 1.3 billion grams in December 2021. Federally licensed growers held 1.39 billion grams of packaged and unpackaged inventory in December 2022, while stores and wholesalers held 80.7 million grams of packaged inventory.

The data suggests that the cannabis industry in Canada is still mired in an imbalance of supply and demand, despite the fact that many of the largest producers have halted operations of their largest crops.

Last year, for example, Aurora Cannabis closed its flagship Aurora Sky facility in Edmonton, Alberta – one of the largest in Canada.

Oversupply and Cannabis Prices

The surplus situation in Canada is believed to be one of the factors forcing cannabis prices down.

The retail price of cannabis has fallen nearly 30% since 2018, when Canada legalized adult-use sales, according to Statistics Canada’s Consumer Price Index.

Other estimates suggest the overall price drop is more drastic.

Wholesale cannabis prices in Canada fell by more than 40% last year alone, according to the Canadian Cannabis Exchange (CCX), a wholesale cannabis trading platform.

Canada Posts Record Harvests

Canadian growers produced a record amount of marijuana last October – when it comes time to harvest cannabis from outdoor crops.

Dried cannabis flowers produced in September, October and November last year totaled 640 million grams, up 14% from the previous year.

Shrinking Cultivation Area in Canada

Licensed cultivation area in Canada continues to decline, according to Health Canada.

The total area inside licensed cultivation, where indoor/greenhouse cannabis cultivation activities took place, was 1,595,724 square meters in December 2022.

This is nearly 30% less than the record 2,217,216 square meters reached in May 2020. The area under outdoor cannabis cultivation in Canada is also on a downward trend.

The area under outdoor cultivation activities in December 2022 was 595 hectares. This is about 16% less than the record 713 hectares Canada reached in December 2021.

(Featured illustration by Terrance Barksdale via Pexels)

DISCLAIMER: This article was written by a third-party contributor and does not reflect the opinion of, its management, staff, or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the company may believe that its expectations are based on reasonable assumptions, the actual results that the company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Fakty Konopne, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Comments are closed for this post.