ENRT $.07 +36% Smoking Hot this AM! News out on Marketwired!
Enertopia Announces Canadian Medical Marijuana Update
As previously outlined, the current Canadian Marijuana system is transitioning from small scale user grow system to a more robust quality control and secure system where every gram produced is tracked from producer to patient.
Using the Health Canada numbers for current and projected patients the sector is expected to see 50% plus growth per year over the next 10 years in the number of patients for the Canadian domestic market only.
Approved Health Canada producers under the new Medical for Marijuana Regulations Purposes (MMRP) will also be allowed to export to other countries in the World.
Canada estimates that the selling price will be $7.60 Canadian per gram in 2014. This would put the Canadian domestic Marijuana industry at over 100 million in sales in 2014, rising to over 1.3 Billion in sales by 2024.
