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Canadian Cannabis Sales To Surpass $3B in 2021
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The Talking Hedge
Published 5 months ago |
Canadian adult-use cannabis sales grew by 86% to nearly $2.2 billion in 2020. BDSA estimates that total spending in Canada reached more than $2.6 billion in 2020.

Canada’s legal cannabis industry saw only limited, short-term negative effect from the pandemic in 2020, including an increase in physical retail share of total sales— nearly 90%.

Valuations of Canadian-focused operators are still trading at a premium on sales compared to U.S. operators, despite a smaller market and lower margins.

BDSA forecasts total legal cannabis spending in Canada to reach nearly $6.4 billion in 2026, rising at a compound annual growth rate (CAGR) of 16%.

Show Notes:
US valuations flat, Canada expands
A Complete List Of NYSE And NASDAQ-Listed Cannabis Companies

Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.

Episode 761 of The Talking Hedge:
Your Cannabis Business Podcast.
​Covering cannabis business news, interviews, investments, events, products, reviews, and some random stuff. But as Jay-Z said "it's only entertainment."

Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: LuxrayBeats

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Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

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