While Canadian firms, for example, are ramping up production, they are still behind…
It is already a story in Canada this summer. Medical cannabis patients are reporting shortages. This includes CBD. And further, because of the growing interconnectedness of global medical markets and who supplies them, this is more than just a local Canadian problem.
That said, it certainly will be felt and quickly. Demand from patients has boomed in the country where there are today an estimated 170,000 registered patients, up from less than 10,000 three years ago. There is no country, including Israel, where patient demand has boomed like this. And there is no state, including California as of yet, which has seen such local demand grow even after state legalization.
Licensed producers are already scrambling to keep up. Especially because the biggest firms in the country are also now in consideration to supply the entire German market plus other European countries at a time when recreational reform also takes place in Canada before domestic German crops are ready to be harvested.