Appropriate cannabis product product sales in Canada to eclipse difficult alcohol product sales by 2020, CIBC says
The Canadian Imperial Bank of Commerce has released a written report providing you with a confident perspective on Canada’s upcoming appropriate cannabis industry. Within their report, titled “Cannabis: nearly Showtime,” CIBC analysts predict that the cannabis industry will surpass the liquor industry by the 2020 year.
In line with the CIBC analysts, product product sales of appropriate leisure cannabis is likely to reach C$6.5 billion ($4.6 billion). This represents 95% of all appropriate product sales.
The analysts state that appropriate leisure cannabis sales will top the C$5.1 billion that Canadians allocated to spirits along with the $7 billion invest in wine in 2017. Read More