Canadian cannabis stocks are way down and have been on the retreat for the better part of a year. Does that make Related Source Here at these levels or stocks to still remain away from? Part of the response will depend upon how the general pot market plays out over the next variety of years, and on that front, there's still a lot of development and expansion to come, says ATB Capital Markets analyst Frederico Gomes who released a market forecast on Tuesday, stating the Canadian marijuana industry is still an engaging financial investment story, Gomes' updated projection consists of the most recent sales data and ultimately shows little change from his report of 6 months prior.
8 billion in 2022, $7. 9 billion in 2025, and $12. 2 billion in 2030, compared to the previous ATB estimates of $4. 9 billion, $8 billion, and $12. 3 billion, respectively. On the other hand, Gomes also anticipates the market to experience a substance annual growth rate of around 13. 4 per cent from 2021 to 2030, primarily driven by a greater portion of marijuana prevalence in Canada to reach an overall addressable consumer population of 10.
5 million in 2021. Along the way, Gomes anticipates the typical annual spending per individual in the industry to increase from $1,170/ person in 2021 to $1,371/ individual in 2030. "Our thesis is that the Canadian marijuana market provides a compelling long-lasting growth chance for select LPs and merchants," Gomes stated. "While the industry continues to struggle due to fragmentation and cost, functional performance can successfully browse this environment." In examining the market, Gomes points to 3 key drivers, consisting of the typical spend per individual.
Gomes projections Canada's total population to grow to around 41. 9 million by 2030 with 80 percent of the population being over legal age, while occurrence is presently greater amongst more youthful mates at 36 per cent prevalence in the 18-24 age. "We presume that occurrence will gradually increase from 20 percent in 2020 to 30 per cent in 2030e, driven by increased social approval, the aging of younger generations, and new item introduction (e.
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