Canada Cannabis Spot Index (CCSI)
Published December 21, 2018
The CCSI declined 9% this week to C$7.08 per gram, from C$7.79 per gram last week, and is down 14% over the past two weeks. These declines may suggest that broad media coverage of shortages across the country, as well as actions by the provincial regulators, are tempering supply expectations from end-use consumers. C$7.08 per gram equates to US$2,387 per pound, which places the CCSI at 208% of the U.S. Spot Index, currently at US$1,147 per pound.
Activity across the country was notable as regulators moved to produce a more equitable approach to accessing supplies, while tempering demand, including moving to a lottery system in Alberta for purchase from the Provincial supplier, temporarily shutting government run stores in Quebec to provide time to re-stock shelves, and moving to a lottery system in Ontario for retail dispensary licenses (which is dramatically lower than the up to 1,000 brick and mortar stores expected to just 25 in the spring of 2019).