Deloitte Projects $12.7-22.6 Billion Canadian Cannabis Industry

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Deloitte Canada, which will be issuing a report “Recreational Marijuana: Insights and Opportunities”, is bullish on the Canadian cannabis industry, suggesting that the industry could see sales of $4.9-8.7 billion after legalization, according to a report by the Toronto Star. Deloitte based its findings on a survey of 5000 Canadians that was done with market research firm RIWI, Corp. An economic forecast earlier this year from CIBC put the legal cannabis industry as big big as $10 billion.  Deloitte’s analysis projects an even larger market taking into account the ancillary goods and services that will support the industry, suggesting that the overall market could be worth $12.7-22.6 billion, though this estimate excludes tourism and paraphernalia.

Read Robert Benzie’s “Recreational weed could be a $22.6B industry: study”:

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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