Seven states say Yes to marijuana, so now what’s in it for Canada?

December 12, 2016 Facebook Twitter LinkedIn Google+ News

While Donald Trump was winning one of the biggest upsets in American political history, other ballot measures were quietly tallying wins alongside the Donald.

Americans in 7 states have now voted to enact legislation that will, to varying degrees, legitimize marijuana for medical and/or recreational purposes. With a combined market value estimated at US$7.4 billion annually, and an expected growth rate of 28 per cent annually, the U.S. combined market for marijuana is expected to be worth US$21.2 billion by 2020.

The significance of these measures to Canadian marijuana users and growers is substantial. The more states that adopt marijuana usage rules, the closer weed comes to becoming a national export crop for Canadian growers. And that, as much as anything, explains the ongoing surge in marijuana stock prices here.

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