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Canadians will spend up to $7B on cannabis in 2019, Deloitte predicts - WeedLife News

Canadians will spend up to $7B on cannabis in 2019, Deloitte predicts

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After cannabis is legalized throughout Canada later this year, Canadians are expected to increase their consumption of the drug by up to 35 percent and spend as much as $7 billion on legal and illegal sales in 2019.

Accounting firm Deloitte makes those predictions in a new report based on an online survey of 1,500 adults living in Canada's 10 provinces conducted between March 6 and March 20. The survey didn't include residents of territories.

Legal cannabis sales are expected to reach up to $4.34 billion, while illegal sales could be anywhere from $510 million to $1.04 billion, and medical cannabis could account for between $770 million and $1.79 billion of the market, the report says.

Click here to read the complete article

CBC News via 420Intel.com ~

Finance 05 June 2018
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