the extract of the previous article pertainig to cannabis oi Cannabis Oil is Simply Not Selling
While plenty of the National Cannabis Survey results will give investors reason to celebrate the pot stocks they chose, it’s not all good news.
Companion data released by Health Canada shows that, while dried cannabis is selling at an impressive rate, cannabis oil is simply not moving off the shelves.
In June, cannabis retailers sold 10,000 liters of cannabis oil. That’s just barely more than one-tenth of the total national supply. These frankly pitiful sales mean that Canada has an oversupply of cannabis oil, which is bad news for companies producing products like CBD oils.
What’s worse, legalization 2.0 will soon flood the market with new methods of cannabis consumption. Drinks, edibles, topicals, and a host of exciting ways to ingest cannabis will have consumers across the country ready to experiment. This means that cannabis oil sales may dip even lower in the next year.