Cannabis sales set to surpass alcohol profits after Canada legalises it next year

It could kick-start Canada’s economy (Picture: is set to legalise cannabis next year – sparking a multi-billion dollar industry that will overtake alcohol sales, a new study suggests.
The decision could kick-start the economy and eclipse the combined sales of beer, wine and spirits, according to the report from consulting firm Deloitte.
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It could soon be worth $22.6 billion (£13.8 billion) and presents a ‘bold new landscape for Canadian businesses and governments alike’.
Mark Whitmore, vice-chair of Deloitte, told The Star: ‘There hasn’t been anything like this — and granted it wasn’t legislated — but you think of the dot-com flurry, it has that kind of feel to it.’
The report, titled Recreational Marijuana: Insights and Opportunities, concludes that Prime Minister Justin Trudeau’s legalisation of marijuana copuld provide the economy with a shot in the arm.
The industry …