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Company expects Canadian cannabis market to hit $3.3B in 2020.
BDSA has expanded its cannabis retail sales tracking coverage to include Canada, the world’s largest nationally legal cannabis market.
BDSA forecasts Canada’s cannabis industry revenues will total $2.5 billion (CAD$3.3 billion) in 2020 and will reach $6.1 billion (CAD$8.1 billion) by 2025, a CAGR of 20 percent. Year-to-date (YTD) through August, combined sales in the adult-use channel by private sector retailers in Alberta and British Columbia reached CAD$524 million, with monthly sales peaking at nearly CAD$85 million in August.