Discover your next big idea at PACK EXPO Las Vegas this September
Experience a breakthrough in packaging & processing and transform your business with solutions from 2,300 suppliers spanning all industries.
REGISTER NOW & SAVE

Recreational cannabis legalized in Canada

On Oct. 17, 2018, the recreational use of marijuana became legal in Canada.

This opens the door to what is projected to become a CAD$7.0 billion market by 2020 (USD$5.45B), according to New Frontier Data, a business analytics company that researches the cannabis industry. The company’s Canada Cannabis Report: Industry Outlook 2018 says Canada is the first G20 nation to establish a dual adult use and medical cannabis system (to date, only Uruguay has adopted a national policy permitting widespread cannabis use), and the first nation to establish a worldwide export market.

“Canada has the first-mover advantage, with international expansion a key part of the strategy,” says John Kagia, New Frontier’s chief knowledge officer.

As a result, the money is flowing as the business is growing. Investors are starting to focus on cultivation and retail.

Coding, Marking, and Labeling Innovations Report
Explore our editor-curated report featuring cutting-edge coding, labeling, and RFID innovations from PACK EXPO 2024. Discover high-speed digital printing, sustainable label materials, automated labeling systems, and advanced traceability solutions that are transforming packaging operations across industries.
Access Report
Coding, Marking, and Labeling Innovations Report
List: Digitalization Companies From PACK EXPO
Looking for CPG-focused digital transformation solutions? Download our editor-curated list from PACK EXPO featuring top companies offering warehouse management, ERP, digital twin, and MES software with supply chain visibility and analytics capabilities—all tailored specifically for CPG operations.
Download Now
List: Digitalization Companies From PACK EXPO