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Canadian marijuana stocks are way down and have been on the retreat for the better part of a year. Does that make them a bargain at these levels or stocks to still keep away from? Part of the answer will depend upon how the total pot market plays out over the next number of years, and on that front, there's still a lot of growth and growth to come, says ATB Capital Markets analyst Frederico Gomes who released a market projection on Tuesday, saying the Canadian cannabis market is still an engaging investment story, Gomes' upgraded forecast consists of the most recent sales information and eventually shows little modification from his report of six 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 quotes of $4. 9 billion, $8 billion, and $12. 3 billion, respectively. Meanwhile, Gomes likewise forecasts the industry to experience a substance annual growth rate of roughly 13. 4 per cent from 2021 to 2030, mainly driven by a greater portion of cannabis prevalence in Canada to reach an overall addressable consumer population of 10.

5 million in 2021. Along the method, Gomes anticipates the typical annual costs per person in the industry to increase from $1,170/ individual in 2021 to $1,371/ person in 2030. " Click Here For Additional Info  is that the Canadian marijuana market presents an engaging long-term growth opportunity for choose LPs and sellers," Gomes said. "While the market continues to have a hard time due to fragmentation and rate, functional performance can effectively browse this environment." In assessing the market, Gomes indicates 3 crucial drivers, consisting of the typical invest per person.

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