Appropriate cannabis product sales in Canada to eclipse difficult alcohol product sales by 2020, CIBC says

Appropriate cannabis product sales in Canada to eclipse difficult alcohol product sales by 2020, CIBC says

The Canadian Imperial Bank of Commerce has released a study providing you with a confident perspective on Canada’s future legal cannabis industry. Within their report, en titled “Cannabis: very nearly Showtime,” CIBC analysts predict that the cannabis industry will surpass the liquor industry because of the 12 months 2020.

In line with the CIBC analysts, product sales of appropriate cannabis that are recreational anticipated to achieve C$6.5 billion ($4.6 billion). This represents 95% of most appropriate product sales.

The analysts state that legal leisure cannabis product sales will top the C$5.1 billion that Canadians allocated to spirits along with the $7 billion devote to wine in 2017. Meanwhile, Canadians spent $16 million on tobacco year that is last. Continue reading “Appropriate cannabis product sales in Canada to eclipse difficult alcohol product sales by 2020, CIBC says”