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 ~