Marijuana & Cannabis News - The 420 Times
Advertisement
  • Home
  • CBD Oil
    • All
    • For Pets

    CBD vs THC: What New Consumers are Really Looking For?

    cbd-Medical-Uses

    Does CBD Come Out on Drug Tests?

    Cannabinoids In Beauty And Wellness

    Cannabinoids In Beauty And Wellness: The Rise Of Hemp-Infused Products

    CBD for Anxiety

    Using CBD for Anxiety

    pet cbd oil

    10 CBD Based Items For Pets – Is CBD Healthy for Pets?

  • Drug Testing
    how long CBG stays

    How Long Does CBG Stay in Your System?

    Does CBG Show Up on a Drug Test?

    Does CBG Show Up on a Drug Test?

    Medical-Marijuana-Regulations

    How Long Does Marijuana Stay In Your System?

    Publix Stores

    Does Publix Drug Test? (Their Policies Explained)

    Aerotek

    Does Aerotek Drug Test? (Aerotek’s 2023 Drug Testing Policies)

  • Industry News
    Cannabis Companies

    LEEF Brands Among U.S. Cannabis Companies Driving Market Innovations

    Buy weed online

    Buying Weed Online in Canada

    therapy image

    What Are The Best Additions To Cannabis To Make You Feel Better?

    latest cannabis news

    Cannabis News

    How to Clean a Dab Rig: The Complete Guide

    How to Clean a Dab Rig: The Complete Guide

  • 420 Times Exclusives
    Quick Fix Urine Review

    Quick Fix Urine Review

    how to pass marijuana drug test

    How to Pass a Marijuana Drug Test (4 Perfectly Legal Ways)

    passing drug tests

    The Ultimate Guide to Passing Drug Tests in 2023

    420

    Where Did 420 Come From?

    BoomBox

    Why Does Music Sound Better High?

  • Best Of The Best
    quality cannabis seeds

    How to Select Premium Quality Cannabis Seeds

    Hemp Leaf

    Best Internet Cannabis Forums

    How Hemper Single-Handedly Reshaped the Cannabis Industry

    How Hemper Single-Handedly Reshaped the Cannabis Industry

    Beard Oil Reviews

    CBD Beard Oils

    Dabbing

    What is Dabbing With Weed?

  • Exclusive Web Content
    • All
    • Activism
    • Ask An Old Hippie
    • Featured
    • Growing
    • Hemp
    • Know Your Rights
    • The United State Of Weed
    • The War On Drugs
    CBD Enthusiasts

    Why CBD Enthusiasts Are Turning to Premium Cannabis Light in 2025

    Cannabis Point of Sale System

    The Benefits of Using Cannabis Point of Sale System Software

    Apricot Mimosa

    Black Tie’s Apricot Mimosa PreRolled Joints: Sativa-Dominant Energy in Every Puff

    Cherry Zkittles

    Cherry Zkittles THC-A PreRolls: 2-Pack of Fruity, Flavorful Joints

    Anti-THC Mouth Spray

    5 Reasons to Use an Anti-THC Mouth Spray Before Bed

No Result
View All Result
  • Home
  • CBD Oil
    • All
    • For Pets

    CBD vs THC: What New Consumers are Really Looking For?

    cbd-Medical-Uses

    Does CBD Come Out on Drug Tests?

    Cannabinoids In Beauty And Wellness

    Cannabinoids In Beauty And Wellness: The Rise Of Hemp-Infused Products

    CBD for Anxiety

    Using CBD for Anxiety

    pet cbd oil

    10 CBD Based Items For Pets – Is CBD Healthy for Pets?

  • Drug Testing
    how long CBG stays

    How Long Does CBG Stay in Your System?

    Does CBG Show Up on a Drug Test?

    Does CBG Show Up on a Drug Test?

    Medical-Marijuana-Regulations

    How Long Does Marijuana Stay In Your System?

    Publix Stores

    Does Publix Drug Test? (Their Policies Explained)

    Aerotek

    Does Aerotek Drug Test? (Aerotek’s 2023 Drug Testing Policies)

  • Industry News
    Cannabis Companies

    LEEF Brands Among U.S. Cannabis Companies Driving Market Innovations

    Buy weed online

    Buying Weed Online in Canada

    therapy image

    What Are The Best Additions To Cannabis To Make You Feel Better?

    latest cannabis news

    Cannabis News

    How to Clean a Dab Rig: The Complete Guide

    How to Clean a Dab Rig: The Complete Guide

  • 420 Times Exclusives
    Quick Fix Urine Review

    Quick Fix Urine Review

    how to pass marijuana drug test

    How to Pass a Marijuana Drug Test (4 Perfectly Legal Ways)

    passing drug tests

    The Ultimate Guide to Passing Drug Tests in 2023

    420

    Where Did 420 Come From?

    BoomBox

    Why Does Music Sound Better High?

  • Best Of The Best
    quality cannabis seeds

    How to Select Premium Quality Cannabis Seeds

    Hemp Leaf

    Best Internet Cannabis Forums

    How Hemper Single-Handedly Reshaped the Cannabis Industry

    How Hemper Single-Handedly Reshaped the Cannabis Industry

    Beard Oil Reviews

    CBD Beard Oils

    Dabbing

    What is Dabbing With Weed?

  • Exclusive Web Content
    • All
    • Activism
    • Ask An Old Hippie
    • Featured
    • Growing
    • Hemp
    • Know Your Rights
    • The United State Of Weed
    • The War On Drugs
    CBD Enthusiasts

    Why CBD Enthusiasts Are Turning to Premium Cannabis Light in 2025

    Cannabis Point of Sale System

    The Benefits of Using Cannabis Point of Sale System Software

    Apricot Mimosa

    Black Tie’s Apricot Mimosa PreRolled Joints: Sativa-Dominant Energy in Every Puff

    Cherry Zkittles

    Cherry Zkittles THC-A PreRolls: 2-Pack of Fruity, Flavorful Joints

    Anti-THC Mouth Spray

    5 Reasons to Use an Anti-THC Mouth Spray Before Bed

No Result
View All Result
Marijuana & Cannabis News - The 420 Times
No Result
View All Result

Cannabis is Big Business in Canada

by Shane Dwyer
April 15, 2019
Reading Time: 3 mins read
0
Cannabis is Big Business in Canada

It’s been six months since cannabis was legalized in Canada and although the trending sales are stagnant at the moment, due to lack of production and high costs of sales, the industry – and the country at large – are banking on big sales and growth in the next 3 years.

 

Current estimations have the cannabis industry actually producing less profit than originally thought; however, make no mistake, we’re still talking about billions of dollars in revenue and profit for the country.

 

What many thought would be a big bang launch in October 2018 turned out to fall short, mainly because of a product shortage. People were so eager to get their hands on legal cannabis that the production was unable to keep up and some stores sold out immediately.

 

Estimates have been as high as 8 billion dollars at points, but it’s difficult to say for sure because of the lack of data for other countries who have legalized cannabis use. Of course, these estimates also include supplementary products such as bongs, weed pipes, cutters, and more. The reach of the industry is difficult to estimate because auxiliary products are also far reaching.

 

Now that Canada has some experience under its belt with producing and selling cannabis, there is hard data to support the new estimates of five billion dollars by 2021. With so much hype in the beginning, it was anyone’s best guess as to how big this industry could get. Now that the initial excitement has worn off and there are regular buying patterns emerging, data crunchers can see just what’s going on and determine more realistic future value of the industry.

 

Despite the small estimations of five billion dollars, there’s really no telling what will happen in the coming years. Much of the estimations are made on past performance, but a break in the economy, or an increase may pump more or less money into the industry. What we do know is that even when times are tough, people do tend to squirrel away some money for their habits, such as cigarettes and alcohol. Perhaps even more so when time are tough, which is a bi-product of struggling economies.

 

Other research data is putting Canada’s cannabis industry closer to ten billion dollars as 2025 approaches. It’s not a far cry from where experts estimate the country will land in 2021, and if you consider that many of the teenagers who weren’t legally allowed to buy cannabis when it was legalized will be coming of age during these years, sales may increase even more.

 

One of the reasons for the decline in interest, according to some experts, is that many people are continuing to buy cannabis products illegally – which is ironic because it’s no longer illegal, but some people prefer their original source of product acquisition.

 

As for medical marijuana, the industry seems to also be feeling the effects of cannabis legalization in Canada. Before, medical marijuana was the only way to get public access to cannabis products without fear or prosecution. Now that it’s is available publically, some people don’t want to deal with the hassle of having to get a prescription from their doctor, go to the pharmacy, and wait in line when they can just go to the local cannabis shop and buy it off the shelf.

 

As with most things, only time will tell how big the cannabis industry will get. And of course, the threat of a bubble effect is always looming. Legalizing cannabis was a control tactic put in place by the Canadian government in order to reduce the risk of people buying it illegally and to have better control over the quality and quantity that is available on the street. Still a relatively young country in the world with a relatively young prime minister, the young cannabis industry is just one more thing the country will have to grow up with together. So whether you are a fan of cannabis or not, it’s in the country to stay and it’s only expected to become more prevalent in the coming years.

Popular Posts

CBD Enthusiasts
Exclusive Web Content

Why CBD Enthusiasts Are Turning to Premium Cannabis Light in 2025

June 4, 2025
CBD Oil

CBD vs THC: What New Consumers are Really Looking For?

April 22, 2025
Vape Liquid
Vaporizers

How Vape Liquid Can Enhance Your Vaping Experience

January 9, 2025
Cannabis Point of Sale System
Exclusive Web Content

The Benefits of Using Cannabis Point of Sale System Software

December 14, 2024

Try Nature’s Script Hemp Extract E Liquid

The 420 Times

901 Pennsylvania Ave #597 Suite 2
Miami Beach, FL 33139
954-271-2540

Follow Us

Navigate

About Us
Write for Us
Weed Finder
Disclaimer
Privacy Policy

DMCA.com Protection Status

  • Home
  • CBD Oil
  • Drug Testing
  • Industry News
  • 420 Times Exclusives
  • Best Of The Best
  • Exclusive Web Content

© 2023 The420Times.com

No Result
View All Result
  • Home
  • CBD Oil
  • Drug Testing
  • Industry News
  • 420 Times Exclusives
  • Best Of The Best
  • Exclusive Web Content

© 2023 The420Times.com