Importance of the Medical Marijuana to the Canadian Pharmaceutical Industry

Posted on Posted in Industry Analysis

Medical Marijuana is important to the Canadian pharmaceutical industry. It creates jobs, tax dollars, encourages corporate medical research,  and generates international trade export dollars. This growing segment of the Canadian pharmaceutical industry is of value to the industry and all Canadians. The charts below were taken from the Industry Canada; Pharmaceutical industry profile.

It is likely that this new segment (medical cannabis) in the industry is still young and will assist in providing new private sector jobs, tax revenue for the federal government, stimulate R&D, and international exports.

 

 

 

 

 

Source: Industry Canada – Pharmaceutical Industry Profile