Global Cannabis Market Now Projected to Exceed $89 Billion by 2024
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: PR Newswire
PALM BEACH, Florida, Aug. 20, 2019 /PRNewswire/ -- The global cannabis markets have been experiencing a rapid growth rate in the last few years and they are projected to rise even faster and further in the coming years. Sometimes, though, it's hard to get the experts agree to the numbers. But they do all agree that revenues will continue to rise. For example, a report from Green Entrepreneur forecasts $40 billion sales in the global cannabis markets by 2024. Another report from Grandview Research projected that the global legal marijuana market size is expected to reach $66.3 billion by the end of 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 23.9% during the forecast period. Increasing legalization and use of marijuana in medical as well as recreational applications is expected to promote the growth… and yet another report from Mordor Intelligence stated that the cannabis market was valued at USD $14.5 billion in 2018, and it is
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