TORONTO – Ontario’s auditor general says some cannabis products are often out of stock because inventory levels are inaccurately forecast by the province’s marijuana retailer.
In its annual report released todayBonnie Lysyk says her office compared Ontario Cannabis Retail Corporation’s six-month inventory forecasts to actual demand and found that the corporation’s predictions were off by wide margins.
In some cases where the forecast did not reach orders this year, there was a difference of 145%.
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In cases where the forecast was higher than the orders, the difference was around 40 percent.
The corporation blamed the inaccurate forecast on restrictions the province placed on in-store purchases during the COVID-19 pandemic, but Lysyk found that the corporation never completed a formal analysis to confirm this claim or quantify the difference between the forecasts and orders.
It also found that the corporation has failed to provide clarity to marijuana producers on how products are chosen for sale at the Ontario Cannabis Store or how their prices are set.
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