Two broad themes have fueled the expansion of legal access to cannabis globally – growing acceptance of the plant’s therapeutic value, and recognition of the industry’s potential as a catalyst for economic growth.

Legal regulated markets captured 6% of total global spending on cannabis in 2020 and North America accounted for 97% of those sales, estimated to be $51 billion by 2025

Cannabis consumers globally spent an estimated $415 billion on high-THC cannabis and cannabis products in 2020, with annual spending projected to climb to $496 billion by 2025 (at a CAGR of 3.6%).

With consumers’ tastes and preferences evolving alongside new product development — even in markets which are not yet legal — the pace to reach mature product landscapes in newly and future legalized markets is expected to continually accelerate.

Virtually every sector of the industry saw blockbuster investments as companies raced to enter new markets, expand operational capacities, and acquire novel intellectual property.

Episode 852 of The #TalkingHedge dives into New Frontier Data’s report…

https://youtu.be/968t07N5YS0

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