Canada’s $5 Billion Marijuana Market and the Potential Problems

Canadians Want Cannabis Legalized and Regulated

The latest Forum Research survey found that 18% of the 1,256 respondents had used marijuana in the past year. Another 13% of respondents said they would have if it were legal. This equates to a potential recreational cannabis market of over 7 million Canadians.

Currently the medical marijuana market in Canada is worth around $80-$100 million per year, serving approximately 45,000 patients. Industry analysts say this could top $5 billion per year when weed is legalized in Canada.

Assuming Canada…