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Canadian marijuana stocks are way down and have actually been on the retreat for the better part of a year. Does that make them a bargain at these levels or stocks to still keep away from? Part of the answer will depend upon how the total pot market plays out over the next number of years, and on that front, there's still a lot of growth and growth to come, states ATB Capital Markets analyst Frederico Gomes who released a market projection on Tuesday, stating the Canadian marijuana industry is still a compelling financial investment story, Gomes' upgraded projection includes the most recent sales data and ultimately reveals little change from his report of six months prior.

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8 billion in 2022, $7. 9 billion in 2025, and $12. 2 billion in 2030, compared to the previous ATB price quotes of $4. 9 billion, $8 billion, and $12. 3 billion, respectively. On the other hand, Gomes likewise anticipates the market to experience a substance annual development rate of around 13. 4 percent from 2021 to 2030, primarily driven by a higher portion of marijuana occurrence in Canada to reach an overall addressable customer population of 10.

5 million in 2021. Along the way, Gomes anticipates the average yearly costs per person in the market to increase from $1,170/ individual in 2021 to $1,371/ person in 2030. "Our thesis is that the Canadian marijuana market presents a compelling long-lasting development chance for select LPs and retailers," Gomes said. "While the industry continues to struggle due to fragmentation and cost, operational efficiency can effectively browse this environment." In examining  A Reliable Source , Gomes points to three crucial motorists, consisting of the average invest per person.

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Gomes forecasts Canada's total population to grow to approximately 41. 9 million by 2030 with 80 percent of the population being over legal age, while frequency is currently greater among more youthful cohorts at 36 percent frequency in the 18-24 age group. "We assume that prevalence will gradually increase from 20 per cent in 2020 to 30 percent in 2030e, driven by increased social acceptance, the aging of younger generations, and new item intro (e.