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Legal Marijuana Sales in Canada Will Top the Liquor Business by 2020

May 14, 2018 by Jack Delaney

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The legal marijuana industry in Canada is expected to be worth $6.5 billion by 2020. Incredibly, that will make it more valuable than Canada's $5.1 billion liquor market.

If you've been following along with our extensive marijuana coverage about Canadian pot stocks, this shouldn't come as a surprise.

Legal marijuana industry

A May 9 Business Insider report says the private sector will generate over $1 billon in cannabis sales in Canada in 2020. The bulk of that money will flow into companies that cultivate and produce cannabis.

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Constellation Brands, the company behind Corona, bought a $2 billion stake in October 2017 in the Canadian cannabis company Canopy Growth Corp. (OTCMKTS: TWMJF).

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Filed Under: Marijuana Stocks Tagged With: marijuana stocks

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