The Financial Post reports in its Saturday, Feb. 23, edition that Canadians bought $55-million of marijuana in the second full month of legal sales, a modest beginning for a market investors anticipate will become a multibillion dollar industry. A Reuters dispatch to the Post reports that sales rose 3.7 per cent in December from November's initial tally of $53-million, Statistics Canada said Friday. The December sales bring the total since the market was legalized on Oct. 17, 2018, to $152-million. With analysts
estimating the market could eventually be worth at least $5-billion a year, there is still potential for sales to pick up as producers ease shortages of some strains and Ontario starts opening a network of stores. Over the past two years, Canadian pot producers have seen their valuations rocket on expectations legalization will be a boon for business.
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