[Canada] Legalized Cannabis Sales Could Be in the Billions

Discussion in 'Current Events' started by VakarianZ, Jan 26, 2018.

  1. VakarianZ

    VakarianZ Administrator

    Legalized Cannabis Sales Could Be in the Billions — If Retail Can Smoke Out The Black Market

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    Canadians spent an estimated $5.7 billion on marijuana in 2017.

    Canadians spent an estimated $5.7 billion on cannabis last year according to Statistics Canada, but that’s not a guarantee those sales will translate into billions-of-dollars for the legal market, at least not immediately.

    That’s because over 90 per cent of those sales were in the black market — or, as Statistics Canada describes it, in non-medical consumption.

    “It’s certainly going to take a while to disrupt that black market,” said Tyler Stuart, managing director of Green Acre Capital, a private equity firm focused exclusively on cannabis, from his home in Calgary.

    Source: http://www.cannabisculture.com/cont...ons-retail-can-smoke-black-market#prettyPhoto
    Full Story Here: http://www.cbc.ca/news/canada/calgary/legal-cannabis-sales-1.4504855
     

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