Report: Canada rec cannabis industry could top $26 billion
Canada’s widely anticipated recreational marijuana market could become a more than $22.6 billion industry once it’s legalized, according to a new report by Deloitte.
The accounting and consulting firm’s report, scheduled for release soon, concludes that adult-use marijuana will be a huge jump-start for the Canadian economy, the Toronto Star reported. Prime Minister Justin Trudeau is expected to introduce legislation to legalize rec marijuana next spring.
The report estimates the base retail market could be worth $4.9 billion-$8.7 billion annually based on a survey this summer of 5,000 Canadians, including 1,000 identified as recreational marijuana users, the newspaper