Ahead of Canada’s big day, forecast for cannabis industry gets a boost

10/16/18–On the eve of Canada’s historic launch of its recreational marijuana program, the global marijuana industry appears poised for explosive growth due to the confluence of a host of market developments. According to Wall Street analyst Vivien Azer of Cowen, Canada’s move to legalize marijuana across its 10 provinces “is the first step” in establishing marijuana as “a key functional ingredient” that will disrupt a group of consumer product categories collectively worth up to $500 billion. This perspective lands as the legal marijuana industry continues to log record rates of growth. Read