Number of Canadian Medical Marijuana Patients Surges

It is funny to see the amount of Canadian medical marijuana patients jump up just before the advent of nationally legalized recreational marijuana. Many businesses worry that adding recreational marijuana after the state permitted medical marijuana use, would cause the medical marijuana industry to falter.

A lot of potential medical marijuana patients likely find the process of seeing a doctor and registering with the state to be tedious, but they do not need a special license to purchase recreational marijuana. Perhaps the discounts medical marijuana patients see in their costs makes becoming a patient worth it.

Growth Chart on Registered Canadian Medical Marijuana Patients

People registered to use medicinal marijuana reached 235,621 by the end of September, up 40 percent from the end of March, according to quarterly figures released Thursday by Health Canada, the nation’s public health agency. About 0.6 percent of the country’s almost 37 million population use pot for pain and other afflictions.

Canadian pot stocks have been on a tear of late. Canopy Growth Corp. has become the world’s biggest pot stock with a market value of C$6.2 billion ($5 billion) as the government gets ready to legalize the drug for recreational use by July. The stocks took a tumble on Thursday after news emerged that U.S. Attorney General Jeff Sessions plans to rescind an Obama-era policy that allowed recreational use to flourish in many states. U.S. attorneys in states where pot is legal will now be able prosecute cases where they see fit.

Perhaps the enthusiasm ahead of adult-use legalization in Canada is having people register as patients to get access before July. Why do you think there is a surge in Canadians registering as medical marijuana patients?
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Richard Lowe

Richard Lowe is a 14-year veteran of the financial sector with licenses as a commodity broker (Series 3) and investment advisor representative (IAR Series 65). Along with a focus on raising capital for the firms he was employed with, he also wrote and edited much of the content published by them. He holds a BA in Journalism from the University of Massachusetts. He has been a longtime advocate for marijuana legalization due to the social injustices associated with marijuana prohibition and the strong potential for the medicinal benefits of cannabis.

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