NEPT - Here's Why Oct. 17 Is the Marijuana Industry's Most Important Day of the Year
It hasn't taken too long for the legal marijuana industry to transform itself into a big-money business. There's no doubt that tens of billions of dollars' worth of illicit pot sales are ongoing behind the scenes globally, but the legalization of recreational cannabis in Canada last year, along with 33 U.S. states, to some varied degree, led to $10.9 billion in legal weed sales worldwide in 2018. By the end of the upcoming decade, we could be talking about $50 billion, $100 billion, or even $200 billion in annual worldwide legal sales.
Although Canada isn't expected to be anywhere near the largest cannabis market in the world, it is the only industrialized country to have legalized adult-use marijuana so far. Therefore, it's sort of the blueprint/guinea pig by which other countries will likely learn from and/or emulate. And next week, on Thursday, Oct. 17, Canada will be setting an example for the world to see, once more.
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