Few industries have investors seeing green quite like legal marijuana. According to cannabis research firm ArcView, in partnership with BDS Analytics, the North American legal weed market grew by 33% in 2017 to $9.7 billion. A decade from now, we could be looking at more than $47 billion in annual North American sales.
While expansion at the state level in the U.S. is expected to play a role in boosting these sales figures, all eyes in the interim are on Canada, which is expected to become the first developed country in the world to legalize recreational cannabis this summer. Bill C-45, which is better known as the Cannabis Act, is set for vote in Canada’s Senate on June 7, and could swiftly be moved through its federal government to be signed into law shortly thereafter. Legalizing adult-use weed could lead to $5 billion in sales being added annually to Canada’s