Kamloops cannabis store had 800 customers on first day of legalization

Canopy Growth

Canopy Growth

"Every province - not just Manitoba - is receiving substantially less cannabis than originally requested".

Sinclair said the product only stays on shelves for a matter of days or weeks before it's shipped to dispensaries or retailers across Canada. Pre-rolled joints and capsules proved extremely popular too.

At $5 per gram, which will include excise tax and a 15-per-cent wholesale markup, Larsen said legal retailers will have room to set more competitive prices, but that will depend on how much the requirements of licensing add to their overhead.

The Martensville location opened at 11 a.m. and people were lined up outside to be the first one to make a purchase. Consumers will be able to buy cannabis online.

By most accounts from provinces that did provide figures, demand was high.

The Nova Scotia Liquor Corporation said it conducted 12,810 transactions totalling more than $660,000 in sales, of which nearly $47,000 were online, a spokeswoman says. "But the key message is not how it works on the first day but that there is a first day".

Customers of the Ontario Cannabis Store may have to wait a little bit longer to get their weed due to a "high volume of orders".

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Online sales are open and while the BCLDB is promising delivery within 48 hours, "the reality is there's not a lot of cannabis available", Sutton said. Ontario premier Doug Ford had said on Wednesday morning that OCS.ca had handled 38,000 orders since its midnight launch. No private retail stores will open in British Columbia.

The following article is part of a package of stories that MarketWatch is publishing to mark the start of full legalization of cannabis for adult use in Canada on Wednesday October 17th, 2018. A line formed outside the doors Thursday, prior to opening.

Still, the country-wide supply crunch continued to make it hard for cannabis retailers to meet existing demand.

He pointed out that Calgary only had two stores open and there was only one in B.C. Still, the province's public safety minister doesn't foresee a supply shortage.

Farnworth said new supplies will arrive as other strains of pot sell out. Canopy's partner on the American side has yet to be announced but can now conduct medical research and has permission to conduct clinical trials, Canopy Growth CEO Bruce Linton told CNBC's Jim Cramer Friday.

"(It's) not our government's initiative but this was from the feds and we're doing the best we can.

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