The cannabis industry is one of the fastest-growing ones in the world today.  This is quite understandable though considering the number of health benefits that come with the use of cannabis products. One of the leading countries in the industry is Canada. The cannabis industry in the country has continued to gain rapid traction daily.

What does the industry look like?

Everyone knows Canada to be a country blessed with natural resources among which are precious metals and oil sands. However, the cannabis sector is a new industry that has taken the investment and health sector by surprise. After the legalization of marijuana for recreational and medical use, a lot of analysts are now of the firm belief that the Canadian cannabis industry could become as high as over $22 billion in annual revenue. This is bigger than the combined value of the wine, spirits and beer industries.

The market is growing

Unlike what obtains in the US, the cannabis industry in Canada is legal on a federal level. This makes for better safety for all businesses within the industry. As a matter of fact, medical marijuana was legalized in 2001 in the country with the Medical Marijuana Access Regulations. The MMAR gave over forty thousand people to grow Marijuana. However, ever since then, the program has gone through institutionalization and has been extended in 2017 to recreational use. Now, there are corporate cannabis growers in the country.

Tons of opportunities are available

The cannabis industry in Canada is replete with opportunities for investors looking into trying out a new landscape. As it stands, the biggest and best option for cannabis investors looking out to break into the Canadian market is licensed production. This is because licensed producers enjoy a lot of exclusive rights. These rights cover not only the growth of Marijuana but also harvest and processing into extracts, flowers as well as edibles. Currently, there is a decent amount of producers with a valid license issued by Health Canada after a lengthy process of approval and these companies could generate billions of dollars in annual revenue.

What companies are the most viable for coming investors?

For investors just coming into the Canadian cannabis market to invest, it might be a lot helpful to know some of the notable companies in the industrial as well as their market capital. This is highlighted below:

• Canopy Growth Corp. – $6.969B
• Aurora Cannabis – $5.071B
• Aphria Inc. – $1.807B
• The Cronos Group – $2.844B
• The Hexo Corporation – $656.233M
• CannTrust Holdings Inc. – $195.117M
• Namaste Technologies Inc. – $97.082M
• OrganiGram Holdings – $549.118M
• Emerald Health Therapeutics – $101.379M
• The Supreme Cannabis Company Inc. – $238.736M

The Canadian cannabis market is on the rise as more brands are springing up every day. Therefore, the future is bright for any company that wants to offers the best Canadian cannabis.