Canadian CANNAINVESTOR Magazine April / May 2018 | Page 126

Page 6
Distribution of Health Canada ACMPR Licenses
Source: Health Canada
Cannabis as a medicinal product is increasingly being used by Canadians, with Health
Canada reporting that 235,621 Canadians had registered under the ACMPR as of September
30, 2017. This is a significant increase from the 7,914 at the end of June 2014,
representing a compounded quarterly growth rate of close to 30%. Health Canada
further predicts that this number will hit 400,000 by 2024 - though current growth trends are
out pacing estimates, leading some to believe that the actual number will be higher.
Source: Health Canada
With the Trudeau government proposing to fully regulate and legitimize the recreational
cannabis industry, investors have now begun to put an estimate on the potential impact that
legalization of full adult cannabis use could have on the Canadian economy. Deloitte, in a
recent publication, estimated that the base market for legal recreational cannabis could
start at between $4.9 billion and $8.7 billion.
 2018 Fundamental Research Corp.
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