Of course, $5 billion is an enormous amount of money compared to $316 million. The former number is a middle-of-the-road estimate of how big the Canadian recreational marijuana market could be in Canadian dollars; the latter number is the estimated size of the Canadian medical marijuana market just in 2017. Some say the actual market size could be significantly larger. If you think $5 billion is a lot of money, consider some of the estimates that have been floated for the global marijuana market. London-based Prohibition Partners published a report that projected the potential European medical marijuana market could be worth $42.8 billion annually. This report also predicted that there’s a 50% chance that some European nations could legalize recreational marijuana within a few years. Is the Canadian Recreational Market Only Chump Change for Marijuana Stocks?
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