The Ontario cannabis market will soar thanks to an expected 485% growth in medicinal marijuana. That means the medical marijuana sector in Ontario alone will be worth more than $2 billion after Canada legalizes marijuana, and U.S. investors can profit right alongside it…
All cannabis use will be legal in Canada on July 1, 2018. While medical marijuana has been legal in Canada since 2001, it will expand even more thanks to the full legalization effort.
The medical marijuana market in Ontario is projected to climb from $379 million in 2018 to $2.22 billion by 2021, according to Brightfield Group projections.
That’s a 485% increase in just three years, and the increased sales will send the prices of certain Canadian marijuana stock prices skyrocketing.
Even more impressive, Ontario will be the epicenter of the Canadian medical marijuana sector. Ontario is expected to account for 68% of the total $3.26 billion in medical marijuana sales projected for all of Canada in 2021.