By now, you've heard the historic news that by the fall, recreational cannabis can be bought and sold in Canada.
In 2016 alone, Canadians spent an estimated $5.13 billion on black market marijuana.
Imagine all that money rolling into legal cannabis businesses.
It's mind-blowing, and according to some estimates, 40% of legal marijuana in the world will be sold in Canada to Canadians by 2027.
Because of the massive profit opportunities that lay ahead, I wanted to ask marijuana industry leaders about the explosive growth coming to Canada's cannabis sector. Specifically, I wanted them to break down which sectors of the industry will see the most growth.
This kind of insider information gives Money Morning readers an edge over the average retail investor, allowing you to identify the products and services that could generate millions and billions in sales.
Plus, we'll take it to the next level by showing you exactly how to play it…
"In the coming years, I anticipate a shift away from traditional plastic cartridges towards higher-end ceramics, this includes pods and other closed systems for use with concentrates. Newer mediums for consumers to use cannabis will also gain in popularity, such as inhalers and infused products. From an industry perspective, I expect advanced lab testing and standardization to become more commonplace and workflow automation equipment and software will dominate within the B2B sector."
– Danny Davis, founder and CEO of Convectium, a branding, packaging, and equipment solutions company for the legal cannabis industry.