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Canadian cannabis stocks are way down and have been on the retreat for the better part of a year. Does that make them an excellent buy at these levels or stocks to still stay away from?  You Can Try This Source  of the response will depend upon how the overall pot market plays out over the next variety of years, and on that front, there's still a great deal of development and expansion to come, says ATB Capital Markets expert Frederico Gomes who released a market forecast on Tuesday, stating the Canadian cannabis industry is still a compelling investment story, Gomes' updated projection includes the most current sales information and eventually reveals little modification 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 forecasts the market to experience a substance annual growth rate of around 13. 4 percent from 2021 to 2030, primarily driven by a greater portion of marijuana prevalence in Canada to reach a total addressable consumer population of 10.

5 million in 2021. Along the way, Gomes forecasts the average yearly costs per individual in the industry to increase from $1,170/ individual in 2021 to $1,371/ person in 2030. "Our thesis is that the Canadian cannabis market provides a compelling long-term growth opportunity for select LPs and merchants," Gomes said. "While the market continues to have a hard time due to fragmentation and cost, operational performance can effectively browse this environment." In assessing the market, Gomes indicates 3 key motorists, consisting of the typical spend per person.

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