Two broad themes have fueled the expansion of legal access to cannabis globally – growing acceptance of the plant’s therapeutic value, and recognition of the industry’s potential as a catalyst for economic growth.
Legal regulated markets captured 6% of total global spending on cannabis in 2020 and North America accounted for 97% of those sales, estimated to be $51 billion by 2025
Cannabis consumers globally spent an estimated $415 billion on high-THC cannabis and cannabis products in 2020, with annual spending projected to climb to $496 billion by 2025 (at a CAGR of 3.6%).
With consumers’ tastes and preferences evolving alongside new product development — even in markets which are not yet legal — the pace to reach mature product landscapes in newly and future legalized markets is expected to continually accelerate.
Virtually every sector of the industry saw blockbuster investments as companies raced to enter new markets, expand operational capacities, and acquire novel intellectual property.
Show Notes:
The Global Cannabis Report: Growth & Trends Through 2025
https://newfrontierdata.com/product/the-global-cannabis-report-2021/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 852 The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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