How many grams are sold each year

While opium is dangerous, there is an argument that cannabis should be legalised in India. Cannabis has medicinal uses. High utility value of the cannabis plant.

It has over 25, industrial applications. With supportive laws, illegal cannabis trade can be stopped. Cannabis hemp seeds have nutritional benefits. Cannabis hemp industry can employ lakhs of people. One more avenue for govt to collect taxes. Georgia: Only consumption is legal, not cultivation or sale for recreational purposes.

Netherlands: Sale through licensed sellers. Mexico: Recreational marijuana less than 5 gm in possession, but not sale or cultivation. Belize: Marijuana use up to 10 gm in possession. Belgium: Marijuana use less than 3 gm in possession, no smoking in public. Nifty 18, Zomato Ltd. Market Watch. ET NOW. Brand Solutions. Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards.

Deep Dive Into Cryptocurrency. ET Markets Conclave — Cryptocurrency. Death penalty in some cases. Other drugs- Imprisonment up to 6 months or fine up to Rs. Production, manufacture, possession, sale, purchase, transport, import inter- state, export inter-state or use of narcotic drugs and psychotropic substances. Small quantity - Rigorous imprisonment up to 6 months or fine up to Rs. Prepared opium Opium — 18 Cannabis - 20 Manufactured drugs or their preparations Psychotropic substances External dealings in NDPS-i.

Cocaine, morphine, heroin - Rigorous imprisonment up to 1 year or fine up to Rs. However, Yours Truly has been keeping tabs on reported cannabis store sales data since the green flag waved a year ago, through July. Here's what things looked like through the first 9. But, as noted, 2. Nevertheless, this didn't stop one company from estimating how much cannabis Canadians bought in the first year following legalization.

But, on the other hand, Cannabis Benchmarks' estimate, if accurate, would be a huge disappointment. After all, Canada is a country thought to have peak annual consumption potential of , kilos per year. It's also very worrisome when you consider that the aggregate peak production potential from the 15 largest growers in Canada will easily surpass 3 million kilos per year.

Furthermore, it suggests that black market marijuana is thriving in our neighbor to the north. While it's a positive that sales have trended in the right direction for five consecutive months, many of the issues plaguing the Canadian pot industry are nowhere near a resolution. For example, supply issues that have plagued weed sales since day one are now going to be a nuisance for the derivatives launch. Regulatory agency Health Canada simply can't review cultivation and sales license applications fast enough to accommodate growers.

Meanwhile, certain provinces have been notoriously slow to approve retail license. For instance, Ontario, a province with roughly Without physical stores to buy product, consumers have had little choice but to buy from illicit producers. Aphria and its peers are unlikely to see a significant uptick in sales until more retail locations are added and nationwide supply issues are deal with.

And these estimates may fall even further, with Aurora and Canopy investing heavily in foreign markets , yet not expected to realize any benefits from these investments until demand is met in Canada, which could be a while.

Aurora Cannabis and Canopy Growth are easily the best-known cannabis stocks, so to see them struggling so visibly demonstrates the magnitude of the problem at hand for the Canadian pot industry.