Canada’s long debate over cannabis legalization ended this summer with the passage of its new law, which will go into effect Oct. 17. In one form or another, cannabis consumers will able to partake legally in the largest regulated market in the world this week. Going forward, those regulations will continue to be ironed out into a more conducive business climate and in a way that meets growing consumer demand head-on.
By 2020, according to BNN Bloomberg, the legal Canadian cannabis market is expected to hit $6.5 billion in sales. (Canada will tax cannabis sales at 10 percent—or C$1 per gram, whichever is higher—nationwide.)
That’s just the start of it.
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