Canadians Spend Nearly A Billion Dollars On Recreational Cannabis In First Year Since Legalization

Canadians Spend Nearly A Billion Dollars On Recreational Cannabis In First Year Since Legalization

It’s been a little over a year since Canada legalized recreational weed across the entire country. Throughout that year, a lot has changed and evolved in the country’s legal cannabis industry. Now, new stats show exactly how much Canadians have spent on recreational weed. According to the new numbers, which come from Statistics Canada, the country as a whole spent just under $1 billion in year one of legalization. That works out to be roughly $24 per Canadian. New Stats Put Number on High Demand for Legal Weed The new data covers October 2018—the month that weed became legal in Canada—through September 2019, covering almost one year exactly. In that time frame, Canadians spent $907,833,000 on recreational marijuana. This number is helpful, as it puts a specific amount on what had previously been recognized only very generically as a year of very high demand for recreational weed. Recreational cannabis officially became legal in the country on October 17, 2018. Right away, there was massive demand. So much so, in fact, that shops and online retailers around the country started running out of product. In the months immediately following legalization, there were predictions of months-long supply shortages. Many of those concerns…

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Source : High Times
Link to original : Canadians Spend Nearly A Billion Dollars On Recreational Cannabis In First Year Since Legalization
reposted by Cannabis News World

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