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So how big could Canada’s cannabis industry get?

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The news 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 each week. We could turn to states in the usa regarding the success of cannabis post-legalization, but it nationwide, the numbers will be far bigger since we are doing.

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

in the retail part, it can be well worth between $4.9 billion and $8.7 billion yearly.

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

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

Really, a market has been created out of nothing with regards to the market that is recreational. For the time being, the sole way that is legal purchase and have weed, is via medicinal stations as well as for medicinal uses A reminder that dispensaries are illegal in Canada.

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