Cannabis Is Legal in Canada

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As of October 17 – Weed Wednesday – the Federal Government has legalized the adult recreational consumption of cannabis in Canada. In a recent report “Recreational Marijuana, Insights and Opportunities” by Deloitte, the total market potential of cannabis in Canada could be as high as $22.6 billion per year when considering production, distribution, paraphernalia, tourism and business taxes.


At this year’s Canadian Chamber AGM and Convention, a special panel discussion with cannabis industry leaders discussing economic opportunities and policy issues facing the cannabis sector was held. 


The panellists highlighted that municipalities across Canada have seen significant new business investment in their communities, in addition to the expectation of better public safety and public health outcomes by having legally regulated businesses serving cannabis consumers. Despite this, the cannabis sector is facing a heavy regulatory burden from all levels of government that may undermine legitimate businesses’ ability to compete with the illegal market.

To watch the highlights of the panel discussion or download a copy of Deloitte’s report, check out the chamber.ca website.

Posted on:
Wednesday, October 17, 2018