OTTAWA – Facts and figures on the medical marijuana regime in Canada, which is changing rules by March 31, 2014, to encourage large private-sector growers:
Current number of medical marijuana users approved by Health Canada: 37,359, up from 477 in 2002.
Number of patients with personal licences to grow marijuana for themselves: 25,600 (ends March 31, 2014)
Number of growers licenced to produce marijuana for a maximum of two patients each: 4,200 (ends March 31, 2014)
Current number of entrepreneur applications to grow medical marijuana under new rules allowing larger facilities: 156
Health Canada’s current price for medical marijuana produced under contract: $5 a gram (government sales end March 31, 2014)
Health Canada’s projection of profitable private-sector price in 2014 after the new free-market kicks in: $7.60
Projection of average price as market matures in several years: $8.80
Advertised price of products of CannaMed, the first licensed distributor in the new system: $9 to $12 a gram
Current estimated cost of black-market dried marijuana purchased on the street: $10 to $15 a gram
Projected total additional cost to all approved patients as a result of the new system: $166 million a year for 10 years
Health Canada projection of number of approved medical marijuana patients in 2014: up to 58,000
Projection of number of patients by 2024: Up to 450,000
Sales projections for the new industry by 2024: $1.3 billion a year.
(Sources: Health Canada; CannaMed)