Investing in Canadian marijuana stocks?

Here are some interesting facts you should consider. This comes directly from Statistics Canada’s National Cannabis Survey 2nd quarter, 2019.

  1. About a quarter of those Canadians who consumed cannabis did not pay for it. How can licensed marijuana producers make money when a quarter of their potential market won’t pay?
  2. Less than half of all cannabis consumers bought some of their cannabis from a legal source. Only 29% of current consumers obtained their cannabis exclusively from a legal source. Assuming that the cost of buying from licensed producers is too high for consumers, what will declining prices do to producers’ profitability?
  3. Cannabis consumption has not increased since legalization! It was essentially the same in the second quarter of 2019 as it was in the second quarter in 2018. And 99% of Canadians who have never consumed cannabis apparently have no intention of using it any time soon. Where is that multi-billion dollar market that ‘experts’ predicted would develop?