April 19, 2024  ⦿  

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Cannabis in Canada

Canadian cannabis sector is on the raise! Check latest stories around the country 

Cannabis in Canada

Canadian Cannabis Market

Cannabis has become a major player in the Canadian economy. Both in terms of domestic consumption and export opportunities. The legalization of cannabis in Canada in 2018 opened the door for a new industry, and entrepreneurs have been quick to disrupt the market and create new opportunities for growth.

In terms of domestic consumption, the legal cannabis market in Canada has been growing rapidly. According to a report from the Canadian government, legal cannabis sales reached $1.2 billion in 2020. This growth is expected to continue. With estimates projecting the market to reach $7.7 billion by 2025. This increased demand for cannabis has created opportunities for entrepreneurs to establish new businesses and expand existing ones.

One of the most significant opportunities in the domestic cannabis market is in the retail sector. As more and more Canadians turn to legal cannabis as a source of recreational and medical use. the demand for dispensaries and retail outlets is increasing. Entrepreneurs are taking advantage of this by opening dispensaries, delivery services and online retail platforms.

Global Industry Leader

The export of cannabis is also becoming a major contributor to the Canadian economy. As more countries legalize cannabis or allow for its medical use, the demand for Canadian cannabis is increasing. This presents a significant opportunity for Canadian entrepreneurs. One of them is to expand their businesses and reach new markets. Companies are now exporting cannabis to countries such as Germany, Greece, Italy, Australia, and many more.

Furthermore, Canada is also well-positioned to become a major player in the global cannabis industry due to its expertise in cultivation and production. As well as its favorable regulations. Entrepreneurs in Canada have the opportunity to establish themselves as leaders in the global cannabis market by developing new products, technologies and services.

Overall, the cannabis industry in Canada is providing a wealth of opportunities for entrepreneurs to disrupt the market and create new businesses. The legalization of cannabis has opened the door for growth in the domestic market. and the increasing demand for Canadian cannabis around the world is creating opportunities for export. As the industry continues to evolve entrepreneurs in Canada are well-positioned to take advantage of the opportunities and drive growth in the economy.

Meet the Canadian Industry

Cannabis Directory

Canadian cannabis companies directory and sector listings

Zenabis Global Inc.

Palm Gardens Cannabis

Supreme Cannabis Company Inc.

RedeCan Pharm

Indiva

Stigma Grow

Canary Rx Inc.

Seven Leaf

Hexo Corp.

7 Acres

Boaz Pharmaceuticals Inc.

Canadian Cannabis Exchange

VIVO Cannabis Inc.

High Tide Inc.

Emblem Cannabis Corp.

Terranueva Corp.

Harvest One Cannabis Inc.

1 Leaf Canada

Tricho-Med Corporation

The Flowr Group Inc.

BeeHighVE

7Green Grows

420 Magazine

International cannabis culture news, reviews, and how-tos where you may use our medical and scientific content to help you cultivate your own cannabis. In our gallery, meet knowledgeable growers who are sharing their grow logs, instructions, and images while also providing answers to others’ commonly asked questions. Join 420 Magazine and our group of activists who have been working to raise awareness of cannabis since 2006!