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  • Post Time Posted February 20, 2019
The Nova Scotia Liquor Corporation managed to bring in $17.4 million in sales of cannabis in the first few months of legalization but it wasn’t enough to make cannabis profitable for the provincial Crown corporation.

“We’re not making money on cannabis at this point because of the implementation costs,” NSLC spokesperson Beverly Ware said earlier this week. Implementation costs include renovating stores and purchasing products, along with the hiring and training of new employees.

The NSLC currently has 12 stores that sell cannabis, but last week Finance Minister Karen Casey said the province has asked the corporation to look at increasing that number due to lower than expected online sales.

Despite lack of profit, the demand for cannabis is there. From Oct. 17 - the date recreational cannabis became legal in Canada - to Dec. 30, there were 456,822 cannabis sales across the province with an average dollar value of $38.05.

The first few months of cannabis legalization also taught the NSLC more about what people want from their local cannabis distributor. Ware says many customers were looking for very specific items which stores sold out of very quickly.

“Customers want the high THC products and the high CBD levels and they want it in small package sizes, so there’s a limit of those specific categories that are available to us. In most cases we are able to provide some sort of alternate options for customers.”

Source: https://www.cbc.ca/news/canada/nova-scotia/cannabis-sales-nslc-weed-money-1.5024490

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