Another licensed cannabis store is open for business in Nanaimo.
Mood Cannabis Company’s store at 6404 Metral Dr. opened its doors last weekend and Mood is planning to have its second store, at 3923 Victoria Ave., operational by the end of February.
It’s the second licensed cannabis retail store to open in the city after 19+ Cannabis opened its doors on Victoria Crescent in December.
Cory Waldron, chief executive officer of Mood Cannabis Co., said business has been steady since the Metral Drive location opened Jan. 18.
“Business has been pretty good. I can’t complain,” he said.
Last summer, Mood Cannabis began the city’s first applicant to have a proposed marijuana retail store application re-zoned and was hoping to have its Victoria Avenue location open by Halloween. Waldron said it took longer than expected to open both stores because of delays in receiving building permits for renovations.
“It’s been a long haul…” he said. “We look forward to our second location opening up soon.”
Mood Cannabis offers dried flower, pre-rolled joints, oils, capsules, THC vape cartridges, and chocolates, said Waldron. He said edible products are available but in limited supply.
“We have a few items in stock but they sell out pretty quick,” Waldron said. “Every week we will get a little bit more and eventually over the next few weeks, I suspect we will see more and more products come in.”
Edible cannabis products, such as brownies, were only legalized last October and must undergo a review from Health Canada before they can be sold by producers and ordered by retailers, which has caused supply chain issues.
“The delay is really getting the products tested by Health Canada and then getting to the distribution warehouse, then getting into the retailers,” Waldron said.
The delays are also causing producers to sell a limited supply of edibles to retailers, according to Waldron.
“It would be nice if we could order 10 or 20 cases of an item, but it actually defaults to one or two cases per week,” he said.
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