Billionaires Bet Big on the Canada Cannabis Frenzy

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Billionaires Bet Big on the Canada Cannabis Frenzy

Flickr / 401(K) 2012 / (CC BY-SA 2.0)

The Canadian government is moving quickly to legalize marijuana and, unlike the patchwork state-by-state approach unfolding in the U.S., Canada is set to make it legal nationwide by this time next year.

That has kicked off speculation of a green gold rush in Canada’s cannabis, a market that Deloitte estimates could be worth more than $22 billion annually.

It is an investor’s dream: a market where there is huge pent up demand not currently being met.

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