Legalized marijuana presents opportunity of a lifetime for Canadian entrepreneurs

The modern-day prospectors in Canada’s new cannabis market are working hard and cutting deals as the final eight months tick down to the day when recreational marijuana is fully legalized.

Like the gold miners who trekked to the Yukon 120 years ago, today’s fortune hunters are forging into the unknown. Some will get rich, some won’t make it, and a few will leave their mark for generations.

The motherlode is an industry valued at $23 billion, according to research from accounting firm Deloitte. That includes growing and retail sales, transportation, security, edibles, taxes, and tourism.

Canadians could also be at the forefront of a growing global business, exporting not only cannabis and its derivatives, but also the technology to grow it.

Pot sales already rake in billions and employ an untold number of people. But that’s the black market, an illegal racket enriching criminal organizations. Corporate Canada is plotting its takeover and

... read more at: http://www.cbc.ca/news/business/canada-cannabis-greenrush-1.4383010

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