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Canadian marijuana stocks are way down and have been on the retreat for the much better part of a year. Does that make them a bargain at these levels or stocks to still stay away from? Part of the answer will depend upon how the total pot market plays out over the next variety of years, and on that front, there's still a lot of growth and expansion to come, states ATB Capital Markets expert Frederico Gomes who launched a market projection on Tuesday, stating the Canadian cannabis industry is still an engaging investment story, Gomes' updated forecast consists of the most recent sales information and eventually reveals little change from his report of 6 months prior.

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8 billion in 2022, $7. 9 billion in 2025, and $12. 2 billion in 2030, compared to the previous ATB estimates of $4. 9 billion, $8 billion, and $12. 3 billion, respectively. Meanwhile, Gomes also forecasts the industry to experience a substance annual development rate of approximately 13. 4 per cent from 2021 to 2030, primarily driven by a higher portion of marijuana prevalence in Canada to reach a total addressable consumer population of 10.

5 million in 2021. Along the method, Gomes anticipates the average yearly costs per person in the market to increase from $1,170/ person in 2021 to $1,371/ person in 2030. "Our thesis is that the Canadian cannabis market presents an engaging long-lasting development opportunity for choose LPs and merchants," Gomes stated. "While the market continues to struggle due to fragmentation and price, operational efficiency can successfully browse this environment." In examining Did you see this? , Gomes points to three key motorists, including the average invest per individual.

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Gomes forecasts Canada's overall population to grow to roughly 41. 9 million by 2030 with 80 per cent of the population being over legal age, while prevalence is currently greater among younger friends at 36 per cent frequency in the 18-24 age group. "We presume that occurrence will slowly increase from 20 percent in 2020 to 30 percent in 2030e, driven by increased social approval, the aging of more youthful generations, and new item introduction (e.