Canada is starting what it projects will be a $1.3 billion medical marijuana free market this week to replace homegrown marijuana production with large-scale quality-controlled marijuana production.
According to government estimates, the new medical marijuana free market could eventually serve upwards of 450,000 Canadians.
“Large indoor marijuana farms [certified by the Royal Canadian Mounted Police] and health inspectors will produce, package and distribute a range of standardized weed, all of it sold for whatever price the market will bear,” reported Canadian newspaper. “The first sales are expected in the next few weeks, delivered directly by secure courier.”
Large-scale cultivators have begun applying for operation licenses to produce marijuana. One Ontario company hopes to grow marijuana in an old Hershey’s chocolate plant. At least two large-scale cultivators have already received operation licenses. Canada’s large cultivation centers will be similar to the dispensary cultivation centers in the United States.
The medical marijuana free market in Canada is expected to establish a price of around $7.60 per gram of dried marijuana.