The Window’s Closing…But You Can Still Become a “Marijuana Millionaire”
The Window’s Closing…But You Can Still Become a “Marijuana Millionaire” by Justin Spittler – Casey Research
“I’ve never seen anything like this.”
That’s a direct quote from Cam Battley.
Battley is the executive vice president of Aurora Cannabis, one of Canada’s biggest marijuana companies.
Before joining Aurora, Battley worked in the biotech and big pharma industries. In other words, he’s worked for some of the world’s most cutting-edge businesses.
And yet, he says nothing compares to Canada’s marijuana industry.
“We are literally inventing a new industry in real time.”
He’s not exaggerating…
• Canada’s legal marijuana market is being born before our eyes…
In April, Canada’s prime minister, Justin Trudeau, introduced legislation to legalize marijuana outright.
Starting next July, you’ll most likely be able to legally buy recreational marijuana across Canada.
This will have huge implications for Canada’s current $400 million marijuana industry. Accounting firm Deloitte estimates that Canada’s marijuana market could become a $4 billion to $9 billion market once recreational use is legalized.
That means Canada’s legal marijuana economy is about to grow at least tenfold ($400 million to $4 billion) in size… practically overnight.
In short, demand for marijuana in Canada is about to skyrocket. But it’s not ready for this coming surge…
You see, it currently has just 1.4 million square feet of licensed marijuana production space. That might sound like a lot. But it’s not nearly enough to satisfy all its pent-up demand.
In fact, some experts say Canada will need at least 14 million square feet of dedicated production space by next summer. That’s 10x more than its current capacity.
• This is why Aurora is building a massive marijuana production facility in Edmonton…
Aurora will finish construction on the facility next year.
Upon completion, the facility known as Aurora Sky will be an 800,000-square-foot building. That will make it the world’s largest marijuana production facility.