Alberta pot smokers are expected to spend about $940 million on legal weed by 2024, with the province becoming Canada's second-largest market for cannabis behind Ontario, according to a new forecast.
U.S.-based research firms BDS Analytics and Arcview Market Research said in a new report Albertans spent about $216 million on medical and retail cannabis last year. They will more than quadruple that spending in the next five years, the forecast predicts.
Edmonton-based Aurora Cannabis, which is worth more than $12 billion on the stock market, is the second-largest pot producer in Canada based on market capitalization, trailing only Canopy Growth Corp., which is valued at $14.6 billion.
Wrong. The market capitalization of Canopy Growth Corporation: $19.2 billion. It has been over $19 billion for over two months! Seriously, how does one even make an error like that?
Ah! Just a couple of seconds after publishing this post, it clicked. The reporter is comparing Aurora's market cap in Canadian dollars to Canopy's market cap in US dollars!