B.C.’s cannabis sector has quadrupled since legalization
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The value of British Columbia’s legal cannabis sector has more than quadrupled since legalization three years ago, and is now home to the third-highest number of legal retail stores and second-highest number of federal production licence holders in Canada.
That’s according to a statement released today by the provincial government.
B.C. has 375 licensed private retail stores, plus 30 public retail stores under the B.C. Cannabis Stores brand. The province said another 57 applications for private stores are approved in principle.
“As British Columbia passes the three-year anniversary of non-medical cannabis legalization, we are continuing to develop made-in-B.C. approaches to ensure we have a strong and diverse cannabis sector, while working to keep organized crime out of the industry,” said Mike Farnworth, Minister of Public Safety and Solicitor General.
