NO SIGNS OF SLOWING. ANALYSIS PROJECTS GLOBAL CANNABIS MARKET WILL GROW 1000% TO $140B BY 2027

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Thanks to expanding marijuana legalization worldwide, the legal international cannabis market is expected to continue its upward trend in growth over the next decade.

The global cannabis market is expected to continue its remarkable growth over the next decade, according to a new analysis by European investment bank Bryan, Garnier & Co. The in-depth report projects that the “rapidly expanding industry” will potentially grow by more than 1000% and reach $140 billion by 2027.

The cannabis industry’s expected upward momentum is directly related to a significant expansion in both medical and recreational marijuana legalization, according to the Bryan, Garnier & Co. report.

“Not only is there already a sizeable black market to take share from, but legalisation itself seems to be creating its own momentum,” the report states, according to Reuters.

Worldwide Trend of Marijuana Legalization

After nearly a century of marijuana prohibition, over recent years significant progress has been made in marijuana legalization in the United States and around the world.

For example, in the last few years alone, marijuana in some capacity has been legalized in the following countries:

Source:news.medicalmarijuanainc.com

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