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…
Source: 4:20intel.com
Global cannabis market will nearly triple to US.6B by 2024: Study

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Cannabis the most widely used drug globally, UN World Drug Report says 

Thu Jun 27 , 2019
Marijuana was the most widely used drug around the world in 2017, with an estimated 188 million consumers that year, according to a new report from the United Nations. The 2019 World Drug Report provides an overview of the international supply and demand of cannabis, as well as other […]

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