The industry could take as much as two years to hit peak performance
A new report found that the upcoming Canadian market for cannabis-infused edibles and goods could be worth as much as C$2.7 billion (US$2 billion) annually once it launches. That’s more than most Major League Baseball teams, including the Atlanta Braves, Texas Rangers and Canada’s beloved Toronto Blue Jays.
This fall, Canada is set to legalize and regulate a variety of cannabis-infused products this fall including topicals, food and drinks. And these products are looking like big business for the Canadian cannabis industry.
The report—issued by Deloitte, one of the world’s preeminent accounting firms—shows that the biggest income generator will be marijuana-infused foods. That segment is projected to net C$1.6 billion annually (US$1.2 billion). Infused drinks could pull in as much as C$529 million (US$394 million), with the rest of the cash being divided between other cannabis-infused products.
To Read The Rest Of This Article On Civilized, Click Here