Canada ‘needs more’ cannabis stores. These charts prove it GlobeInvestor
Since recreational cannabis was legalized last fall, many Canadians have struggled to buy product in-person, given the scant number of storefronts.
So, to match Colorado’s store density, how many stores would each province need to add? AltaCorp Capital tackled this question in a recent research note.Over all, Canada has just under 500 actual or planned retail locations – or 13 per cent of the 3,640 locations that would be needed to match Colorado’s density, according to AltaCorp’s analysis.
“Canada needs more brick-and-mortar retail stores,” AltaCorp said. Cannabis sales growth has been “weak,” the firm added, and it attributes a big part of that to the “lack of physical retailers across the country.”
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