Post by
biggdeal on Aug 12, 2020 1:17pm
Extraction market is huge and just starting
It has now been more than a year since cannabis was legalised in Canada, and while 2019 sales fell short of most expectations, 2020 is in a much better position to succeed. In October 2019, cannabis edibles were made available to patients and the public. New research from consumer analysts Mintel, shows that the Canadian cannabis market not only has a significant number of users but potential users as well: an impressive six in 10 (59%) Canadians are currently using and/or interested in using cannabis. Whats more, a quarter (27%) of all consumers say they used cannabis in the first six months of legalisation and a third (32%) of non-cannabis users say they are open to trying it. Interest in cannabis edibles Among these potential cannabis users, cannabis edibles are the most intriguing format (48%), including 47% of 20-34-year-olds, 49% of 35-50-year-olds, and 48% of those aged 55+. Overall, two-thirds (66%) of open non-users are interested in ingestible (edible and drinkable) cannabis. Scott Stewart, Senior Research Analyst, Mintel, said: Legalised recreational cannabis has certainly had one of the greatest impacts on the Canadian market in the last decade. GREAT OPPORTUNITIES FOR ADASTRA!!!
Comment by
Storytiime on Aug 12, 2020 11:28pm
Adastra !! A story to like.. The sector had its clense and the strong are separating from the pack...Looking very forward to the companies year ahead. ST