So just how big could Canada’s cannabis industry get?

The media is abuzz by having a constant period of predictions and news in regards to the budding cannabis industry in Canada, as legalization gets one step closer every week. We could check out states in the usa with regards to the success of cannabis post-legalization, but it nationwide, the numbers will be far bigger since we are doing.

So how big are we speaking? Well, Deloitte is forecasting it shall index achieve $22.6 billion. The breakdown seems like this:

From the side that is retail it may be worth between $4.9 billion and $8.7 billion annually.

industry for services and products (growers, testing labs, lighting, security systems), causes that number to increase to $12.7 billion to $22.6 billion.

Plus, when you aspect in taxes, certification charges and cannabis tourism, that $22.6 billion appears reasonable, also low.

Really, a market has been created away from nothing with regards to the leisure market. For the time being, the only real legal option to buy and have weed, is via medicinal stations and for medicinal uses. A reminder that dispensaries are unlawful in Canada.

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