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GWPH - Canadian Cannabis Market Smaller Than Expected: MJ ETF Exposed
GW Pharmaceuticals Plc
The legal market for cannabis in Canada seems unlikely to be as big as some had projected, certainly for 2019 and possibly beyond. For those holding the ETFMG Alternative Harvest ETF (MJ), the size of the Canadian cannabis market is something worth following. This article takes a look at the issue market size and considers the implication for those holding MJ.
The estimates
In September 2018, a report published on Statistics Canada's website considered the potential demand for cannabis post October 17, 2018.
Estimated fourth quarter legal demand is between $816 million and