Herb

Canadians are Already Spending Almost as Much on Marijuana as Wine

 

The $6.2 billion in weed Canadians consume a year is about two-thirds the $9.2 billion beer market and close to wine’s $7 billion tally.

Canadians consumed as much as $6.2 billion of marijuana in 2015, almost as much as they spent on wine, the federal statistics agency said Monday as it gears up to officially track weed when it becomes legal next year.

The agency calculated the value by estimating 4.9 million people consumed 698 metric tons of cannabis that year, at an assumed price range of $7.14 to $8.84 a gram. It used government health and social surveys and outside research to create its model.

– Read the entire article at Financial Post.

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