Cannabis sales plummet in Quebec as supply crunch continues

Cannabis sales plummet in Quebec as supply crunch continues
Cannabis sales decline less than a week into legalization as supply shrinks
Cannabis buds lay along a drying rack at the CannTrust Niagara Greenhouse Facility in Fenwick, Ont., on Tuesday, June 26, 2018. The Ontario Cannabis Store says it has received about 100,000 online orders in the first 24 hours that marijuana was legal in Canada. THE CANADIAN PRESS/ Tijana Martin

The Societe Quebecoise du Cannabis unveiled its sales numbers made between last Wednesday – the official legalization date – and Sunday. 

With over 30,000 online transactions on the first day, the numbers dropped off to a mere 2910 by Sunday.

In the 12 legal sales points around the city, approximately 12,500 branch transactions were reported on legalization day. The number hovered around 10,000 on Sunday. 

Customers have taken to social media to complain that most pot stores – even online – are running low on stock. 

Sales of legal cannabis online and in government outlets have traced a downward slide since legalization went into effect last Wednesday.

According to figures covering Wednesday to Sunday and made public Monday by the Société québécoise du cannabis (SQDC), online purchases dropped from 30,000 on Wednesday to just 2,910 on Sunday.

The drop in transactions in sales outlets, while less drastic, was nonetheless evident, with sales on Wednesday standing at 12,500, spiking to 14,350 on Friday and then dropping to 9,900 on Sunday.

The SQDC has been plagued by growing stock shortages since the beginning of its operations. Tuesday morning, 48 of the 68 products on its website were listed as being out of stock. Agency officials have said they are trying to re-stock their inventories as quickly as possible.