Recreational Product Sales Accelerate Growth in the Global Cannabis Market
Aphria Inc. (APHA)
Last aphria inc. earnings: 4/14 09:00 pm
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Source: PR Newswire
NEW YORK, Aug. 27, 2019 /PRNewswire/ -- The cannabis industry has gained tremendous momentum throughout the past few years due to worldwide efforts to promote legalization. More and more countries are understanding the therapeutic benefits of cannabis, and therefore debunking common misconceptions surrounding the product. Globally, cannabis is predominantly being adopted for medical applications, while the recreational market is heavily prevalent within the North American region. Moreover, some countries have decided to decriminalize recreational use, meaning that the consumption of cannabis in moderate amounts will result in a fine rather than jail time. The remarkable growth of the cannabis industry has now allowed it to compete against major international industries. To put it into perspective, in the U.S., the cannabis industry now rivals large corporations such as McDonalds and Netflix, according to data published by Marijuana Business Factbook. By the end of 2019, Marijuana Busi
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