Global cannabis market will nearly triple to US$40.6B by 2024: Study

The value of the global cannabis market is set to soar to new heights, as more countries and American states legalize the drug, according to a new industry report. Global legal spending on cannabis is forecast to be US$40.6 billion in 2024, nearly triple the US$14.9 billion estimated to be spent this year, according to Arcview Market Research and cannabis industry analysis firm BDS Analytics, which released its annual “State of the Legal Cannabis Markets” report on Thursday.  “That’s a conservative number as well if regulators wouldn’t move as slowly as they are right now,” said Tom Adams, managing director of industry intelligence…
Global cannabis market will nearly triple to US.6B by 2024: Study