Canadian marijuana producers eye expansion
Canadian cannabis producers say they are ramping up their operations to keep up with growing demand for medical marijuana and in anticipation of legislation that would allow for recreational use of the drug.
Alberta-based Aurora Cannabis is planning to expand its operations by 600,000 square feet over the next two years. That's a more than tenfold increase over its 55,200 square-foot facility, nestled in the foothills of the Rocky Mountains, and would boost production to 70,000 kilograms per year, up from 7,000.
The first 200,000 square feet, which is set to begin producing marijuana by next spring, is needed to satisfy the burgeoning demand from the medical market, says Aurora CEO Terry Booth.
"The medical business in Canada is going crazy," says Booth.
There were 67,075 patients registered to use medical marijuana at the end of May, according to statistics from Health Canada — up from 43,342 at the end...
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