Canada Estimates $1 Billion for what?!

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Stats Canada, the company behind Canada’s census and hundreds of other crowd sourced information collection programs, is anticipating that the nation’s legal marijuana sales might reach as high as $1.02 billion from the beginning of the retail market on October 17 through the end of the year. According to Stats Canada’s annualized 2nd quarter information, Canadians invested $5.7 billion on marijuana items.

That turn-around, if it pans out, will mark an incredible shift in Canada’s marijuana market. Illegal sales might still make up 24 percent or more of overall marijuana sales after October 17.

The ever-increasing need for legal marijuana presently hovers around 5.5 million customers in Canada. StatCan forecasts 1.7 million individuals will continue to acquire their marijuana on the black market after legalization takes result.

Stats Canada, the company behind Canada’s census and numerous other crowdsourced information collection programs, is forecasting that the nation’s legal marijuana sales might reach as high as $1.02 billion from the start of the retail market on October 17 through completion of the year. StatCan obtained its Q4 approximates from census population information and data from the National Marijuana Study. And beyond the impressive sales forecast, StatCan is likewise approximating a remarkable shift far from the illegal market as customers mass-transition to legal purchases.

Rather, it’s exactly what the company approximates Canadian marijuana customers will invest on weed in simply the last 10 weeks of the year. And that’s not even exactly what StatCan anticipates Canadians to invest on marijuana overall. Include on an additional $250 million to $315 million in prohibited marijuana purchases.

By itself, the $1 billion dollar figure, which might be as low as $815 million, stands out enough. In context with information from previously this year, throughout the lead-up to legalization, it paints an intriguing photo. Inning Accordance With Stats Canada’s annualized 2nd quarter information, Canadians invested $5.7 billion on marijuana items.

Of the $5.7 billion (annualized) Canadians invested on marijuana in Q2, 85 percent of it, or about $4.8 billion were unlawful purchases. Medical marijuana purchases accounted for the rest.

Of the $5.7 billion (annualized) Canadians invested on marijuana in Q2, 85 percent of it, or about $4.8 billion were unlawful purchases. Illegal sales might still make up 24 percent or more of overall marijuana sales after October 17. If in Q2 Canadians invested over $1.5 billion on (primarily illegal) marijuana, exactly what’s going to make up the space in between the $1 billion in legal sales StatCan quotes and the paltry $315 million in prohibited sales?

If in Q2 Canadians invested over $1.5 billion on (mainly illegal) marijuana, exactly what’s going to make up the space in between the $1 billion in legal sales StatCan quotes and the paltry $315 million in prohibited sales? Whether that buying power continues to feed the black market or reroutes towards legal marijuana deals, we’ll understand quickly enough.

*curated high times article

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