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Is Quebec missing out on the marijuana boom?

The numbers are striking: Health Canada has issued 43 licences in Ontario to produce medical marijuana, versus two in Quebec.

Quebec is lagging far behind its neighbour to the west when it comes to preparing to capitalize on the coming legalization of marijuana, set for July 2018.

As the province holds hearings at the National Assembly this week on its proposed legislation regulating the sale and production of marijuana, entrepreneurs are looking for ways to cash in. 

Estimates of the Canadian market for pot vary widely, from a high of $22.6 billion a year by the accounting firm Deloitte to a mere $10 billion by a senior economist at CIBC World Markets.

Even more conservative estimates suggest a major opportunity.

Last year, the Parliamentary Budget Officer put the annual national demand for recreational pot at 650 to 690 tonnes, for a total retail market of $5.5 to $5.8 billion.

health canada numbers

Ontario is far and...

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