Canada|Legal cannabis sales could reach more than $1B in fourth quarter: Statistics Canada

OTTAWA — Statistics Canada forecasts Canadians could spend more than $1 billion on legal cannabis between October and December this year once marijuana for adult use is legalized on Oct. 17.

The agency estimates that the amount spent on legal pot during the fourth quarter could range between $816 million and $1.02 billion.

It added that purchases of illicit cannabis during the same period could be between $254 million and $317 million, or 24 per cent of the total market.

Source: reposted by Cannabis News World . Original article by The Canadian Press (1)

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