pot: The fact that Canada is the first G-7 country experimenting with legal sales of recreational pot should be enough warning that uncertainty is going to characterize this new market for quite some time probably at least two years after legalization, set for Oct. 17, according to The Toronto Star. The most common projection on the Canadian cannabis market size is about 5 billion in annual sales by 2020, which assumes a complete migration by pot users from the black market to the new legal one. But it would be unwise to bet on that assumption. Associated Press FILE PHOTO The size of the legal market a prime consideration for investors, obviously is unknowable with any kind of precision. Illicit dope peddlers and wholesalers are not among the most reliable sources of market data. That's to be expected, given that projections are necessarily based on black-market sales.
(news.financializer.com). As
reported in the news.
Tagged under pot, uncertainty topics.