Edibles will contribute to more than half of the Canadian market for next-generation cannabis products, expected to be worth an estimated $2 billion annually, according to a report from Deloitte, reports CBC. The firm estimates roughly $1.2 billion will be spent on edibles, followed by cannabis-infused beverages at $394 million. Roughly half of likely edible users plan to consume gummy bears, cookies, brownies, or chocolate at least every three months.
The global market for alternative cannabis products is expected to nearly double over the next five years, the consultancy adds. These new products are not expected to eat into revenues from existing categories in Canada, at least in the beginning. Full Story
Related: Majority of Consumers Not Interested in Cannabis; Canadian Cannabis Beverage Makers Push for Eased Restrictions.
from Industry Operations http://bit.ly/2EQG268
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