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Canada’s edible cannabis market could be worth billions, according to recent study from Deloitte. The market for cannabis edibles could be worth roughly $2.7 billion a year, according to a new report. A study by Deloitte found the next phase of cannabis legalization — which will include edibles other alternative cannabis products — could generate higher profits for retailers. WATCH: 6 months until edibles hit the market, Cannabis companies get ready for 2nd round of legalization The report estimates that more than $1.6 billion will be spent annually on edibles and $529 million on cannabis-infused drinks, while topicals, concentrates, tinctures and capsules would combine for more than $400 million in sales. Jennifer Lee with Deloitte says the company’s research indicates that much of that economic boost “will be on top of current cannabis product spending.”
Questions remain as edible cannabis legalization in Canada looms The report says the legalization of edibles could lead to new products that would appeal to novice “cannabis-curious” consumers. “The introduction of cannabis-infused edibles will clearly threaten the alcohol industry as consumers are using the product for similar usage occasions,” Lee said. Canada’s cannabis edibles, topicals market could be worth $2.7B a year after legalization: study

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