A new medicinal herb sales boom has made the market in Alberta look pretty good.
According to an Alberta Health Department press release, the medicinal herb market was worth more than US$2.4 million in 2018, a 22 per cent increase from 2017.
In addition to the huge sales, the report says the new medicinal cannabis market was also able to bring in significant revenue for the province’s hospitals.
It’s a trend that’s seen an increase in the amount of medical cannabis being sold across the province, with the number of licences issued by the Alberta Health Authority jumping from 6,917 in 2017 to 7,726 in 2018.
According for the report, the number and types of licences licensed for medicinal cannabis increased by 8.8 per cent over the past year, from 18,852 to 20,634.
The report also says the number licensed to grow and produce medicinal cannabis in Alberta was also up by 9.5 per cent, from 1,906 to 2,029.
According Health Canada, more than 7.5 million Canadians used cannabis in 2018 to treat a range of conditions, with over half of them suffering from one of four different conditions: chronic pain, epilepsy, fibromyalgia, and multiple sclerosis.