Canadians Spent More Than $1 Billion on Legal Weed in 2018, Report Says - Cannabis News

Canadians spent $1.6 billion [$1.2 billion USD] on legal weed in 2018, more than double the amount that was spent on solely medical cannabis in 2017, according to a new report.

The State of Legal Marijuana Market, released Tuesday by Arcview Market Research and BDS Analytics, found that despite pushing legalization back from the summer until October, Canada still managed to increase its spending on legal weed from $755 million [$569 million USD] to $1.6 billion [1.2 billion USD], making it the number three legal weed market in the world.

According to Statistics Canada, Canadians spent $5.7 billion [4.3 billion USD] on weed in 2017, the vast majority of which came from black market.

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Manisha Krishnan ~ Vice.com ~