Writing Resources
Through the Canadian government decriminalizing Marijuana it produces a legal marketplace for recreational marijuana which could potentially provide the Canadian economy an increase equal to 22 6 billion per annum according to business services firm Deloitte 2 Various analysts suggest that marijuana sales could potentially be equal to alcohol sales in Canada while they are valued at 5 billion per annum however the sale of cannabis may possibly be as equal as the wine industry worth 8 7 billion 3 The impact that the Canadian economy will achieve through the legalization of marijuana is drastic because as Canada becomes legal weed market this will cause an upsurge in revenue which include cash flow coming into to economy through growing and distribution pot paraphernalia tourism and business taxes this amount of money could potentially total to around 12 7 billion to 22 6 billion annually 4 In 2018 Statistics Canada projected in regards to individuals above the age of 15 roughly 4 6 million individuals will consume cannabis at least once in relation to Parliamentary Budget Officer projections
Through 2021 this level possibly will see a potential upsurge to 5 2 million 6 Prime Minister Justin Trudeau remains devoted to the legalization of recreational marijuana usage and is committed to implement the law by July 2017 This change could cause a substantial outpouring in share prices of producers
