All dollar figures herein are Canadian dollars.
Canada legalized recreational cannabis on Oct. 17, 2018.
The Canadian market continues to be in its infancy, as Canada's largest province only opened its first retail stores on April 1. In January, Canada sold only $53.4 million of recreational cannabis at retail at an annualized pace of $640 million/year. The Canadian recreational market is likely to grow 5x-10x this size over the next several years. It's very likely these market shares will change as the recreational cannabis market evolves, especially as Ontario and British Columbia become a