It has now been three years since Canada legalized cannabis consumption for recreational use all over the country. On October 17, 2021, it will be the 3rd anniversary of the momentous day when the Cannabis Act came into effect, ushering a novel era legitimizing cannabis retail in Canada and setting a precedent for the rest of the world.
Although the pandemic jolted the industry a bit, the declaration of cannabis retail as essential helped in normalizing consumption and accelerated growth. There is still a lingering stigma, but we have certainly come a long way with cannabis retail sales quadrupling from 2019 to 2021. This blog post highlights the key events and milestones of Canada’s legal cannabis industry in the past three years, with some forecasts and projections for the future.
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