Cannabis in Canada is a hit! Obviously, Canada was going to see growing success with cannabis legalization based upon the results of the first day. If you can remember back on October 17th of 2018 when Canada legalized recreational adult use cannabis sales began across the nation all of the dispensaries ran out of product. In the first two weeks of cannabis legalization in Canada, cannabis sales topped 43 million dollars, and that doesn’t even factor in the sales of the ancillary products and services that cater to the cannabis industry.
The Ancillary Services Is a Whole Other Story
Everything imaginable is an ancillary service for the Cannabis sector. Labelling companies, accountants, engineers, electricians, and more are all ancillary services that cater to the legal cannabis industry. It doesn’t stop there, coffee shops, restaurants, movie theatres, hotels, and more are all ancillary cannabis services that cater to a wide variety of cannabis clientele. Cannabis tourism is another booming industry. It’s cultivated success rapidly, and it’s no secret that people are taking vacations where they can unwind with some kind.
Success is Almost a Certainty
Canada will undoubtedly have impressive results from cannabis legalization ranging from sales to the health of its citizens. If sales continue at this rate, the total amount in sales for the year could be above the one-billion-dollar mark. While America is lagging behind the rest of the world with cannabis legalization, Canada is capitalizing on this global market.
All kinds of major corporations and companies are taking their investment dollars to Canada and leaving the US. Even Canadian-based cannabis companies are applying to trade on the NYSE. While America falls behind the rest of the world Canada and other nations are not only keeping up, they’re leading the way into a greener future.