Surprise! The Market for Canadian Marijuana Stocks Could Be 2 Times Bigger Than Expected
Just how big could the marijuana market in Canada actually be?
The country's top medical-marijuana suppliers are eagerly anticipating the prospects of enormous new revenue growth after Canada legalizes recreational use of the drug. Their stock valuations reflect what investors expect to be a huge market potential, with Canopy Growth Corporation (NASDAQOTH: TWMJF) boasting a market cap of more than $2 billion and several of its peers claiming market caps greater than $800 million.
There have been several attempts at quantifying the market size for recreational marijuana in Canada. The latest effort to do so, however, could mean that the prospects for Canadian marijuana growers are much bigger than previously thought.
Source: Fool.com
