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Aphria Inc
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Close 2019-05-03 C$ 9.32
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FP says Hexo, rivals hear cannabis culture shifting

2019-05-03 08:08 ET - In the News

See In the News (C-HEXO) Hexo Corp

The Financial Post reports in its Friday, April 3, edition that the number of Canadians buying weed from illegal sources has declined by 13 per cent in the last year. The Post's Vanmala Subramaniam writes that Statistics Canada says an estimated 38 per cent of Canadian cannabis users obtained cannabis from the black market in the first three months of 2019 down from 51 per cent in the same year-ago period. StatsCan said, "A similar decrease was noted for the proportion reporting friends or family as a source (47 per cent to 27 per cent)." Canadians using legal cannabis also surged from 23 per cent of users, or 954,000 people, to 47 per cent of users, or a whopping 2.5 million people. Moreover, StatsCan notes that recent cannabis consumers, that is, those who began using the substance over the past three months, were less likely to buy their weed from an illegal source, yet another indication that the legal market is becoming more of a go-to option for Canadians. Forty per cent of veteran cannabis users chose to purchase illegal weed, as opposed to 23 per cent of recent users. Over all, the number of Canadians using cannabis has gone up substantially over the last year, during which legalization took place.

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