National Cannabis Demand Could Rise

( file photo by Ricardo Veneza)

Statistics Canada forecasts Canadians could spend more than one-billion dollars on legal cannabis between October and December this year once marijuana for adult use is legalized on October 17th.

The agency estimates that the amount spent on legal pot during the fourth quarter could range between 816 million and 1.02 billion.

It added that purchases of illicit cannabis during the same period could be between 254 million and 317 million, or 24 per cent of the total market.

The estimates were derived using census population data and statistics from the quarterly National Cannabis Survey, an online questionnaire.