Deloitte Report: Six Years of Legalization
The industry analysts at Deloitte have released a new report titled Six Years of Legalization: The Economic and Social Impact of Canada’s Cannabis Sector. This report examines the industry’s economic contribution from legalization through 2024, with a focus on both Ontario and the broader Canadian economy. The report finds that over the six-year period, the industry invested $42.0 billion in capital expenditures, and generated $28.7 billion in sales nationwide, primarily driven by the sales of recreational cannabis products.
Read more about the report here: https://www.deloitte.com/ca/en/Industries/consumer-products/research/an-industry-makes-its-mark.html
Report says Cannabis Contributed $43.5 Billion to Canada’s GDP since legalization
The industry analysts at Deloitte Canada have published an annual report on the Canadian cannabis industry. Posted February 1, 2022, the report is titled, “An industry makes its mark: the economic and social impact of Canada’s cannabis sector.”
The authors of the report wrote, “Canada’s cannabis industry is generating billions for the country’s economy and government coffers… In the span of three years, the Canadian cannabis sector has found its footing and emerged as a thriving new source of economic growth, creating and supporting tens of thousands of jobs in communities countrywide.”
The report is based on a study that uses an input-output methodology to estimate the economic contributions of the Canadian cannabis sector.
To read more about this report visit: Deloitte Canada
To download the full report in PDF visit: An industry makes its mark
Deloitte Report Discusses Retail Cannabis Pricing Dynamics
With the help of BDSA and Hifyre, the analysts at Deloitte Canada examined consumer sales data alongside Deloitte’s recent survey of cannabis consumer preferences. The goal? To better understand pricing dynamics in both the Canadian and American adult-use cannabis markets.
“We discovered some fundamental similarities between cannabis and consumer packaged goods (CPG) markets—and some key differences.”
This report, titled “Price. It’s Complicated,” gives a close look at how cannabis behaves like a typical CPG (consumer packaged goods) market and the dynamics at play when it doesn’t. The report outlines some recommendations for companies looking to stay competitive in the challenging environment of this young industry.
To read more about this report visit: Deloitte Canada
To download the full report in PDF visit: Price. It’s Complicated.