In recent years, no industry has grown more impressively than that of legal cannabis. Depending on your preferred source, the legal weed industry is probably growing by 25% to 35% on an annualized basis over the intermediate term, with sales estimates varying from almost $25 billion in North America by 2021 (ArcView) to as much as $50 billion in the United States alone by 2026 (Cowen & Co.). The public’s sentiment toward marijuana is also improving — at least in the U.S. No shortage of polls over the past year have shown that Americans overwhelmingly favor the idea of legalizing recreational weed, and have even stronger feelings toward legalizing medical cannabis. Yet it’s Canada that’s led the way as the premier cannabis market. Having already legalized medical marijuana back in 2001, the country appears to be on the verge of green-lighting the sale of recreational pot to adults by this coming summer. Its Senate is slated to vote on the measure on June 7, with passage and the expected signing of the bill paving the way for adult-use sales to commence in August or September. Canada could be headed toward a marijuana glut of epic proportions

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