Outsized Demand in Canada’s Cannabis Market Triggers Upswing in Smart Money Flowing North
NetworkNewsWire Coverage: For 17 years Canada has provided legal access to medical cannabis to its citizens, and now the country is expected to legalize recreational marijuana by July 2018. With sales of Canadian medical cannabis projected to exceed $8 billion by 2024 (http://nnw.fm/bEi4r) and the recreational market estimated to be worth over $18 billion annually (http://nnw.fm/x49Ay), investment capital has been pouring into Canada’s licensed producers (LPs). Though the demand for cannabis is projected to exceed 600,000 kilograms a year (about 1.3 million pounds), Canada’s LPs currently only cultivate about 20,000 pounds of dried marijuana annually. This immense impending imbalance is…







