The cannabis industry will boom.
Don’t just take my word for it. Look at the data…
According to the CIBC World Markets’ research, the Canadian cannabis market will outperform spirits (like whiskey, bourbon, scotch and gin) by 2020. It projects the industry to become a $6.7 billion market, just behind wine at $7 billion.
Cannabis should generate a whopping $1 billion in earnings … and that’s just over the next two years. If we look out further, the numbers become staggering.
The change from prohibition to legalized consumption will be enormous. By 2021, there will be over 800 million people living in areas with legal cannabis consumption. Medical marijuana sales alone will exceed $30 billion by then.
Health Canada projects medical marijuana sales to grow from $128 million in 2016 to $1.3 billion in 2024. That’s a 915% increase
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