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Canada’s cannabis shortage could last as long as three years, according to industry executives who say production estimates are too rosy.
Shortages have plagued the country since recreational marijuana was legalized in October. In response, Quebec’s government-controlled stores have closed three days a week, Alberta has temporarily stopped issuing retail licenses and Ontario has said it will initially open just 25 stores across Canada’s most populous province.
As of mid-December, about 50 percent of products for sale in five provinces were out of stock, according to Cowen & Co. analyst Vivien Azer.
