The global
market
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The global market:
Trends and Opportunities
The international market for cannabis is projected to hit
$176 billion by 2030. Currently, the global
market is estimated to be worth $25.5 billion and will see a
compound annual growth rate of 27 percent as other countries
liberalize their marijuana laws.
IndusCann feels that the medical marijuana industry is currently
at the ground floor and poised for exponential growth over the
course of the next decade. Every year brings more and more
industrialized countries loosening their restrictions on the
medicinal and recreational use of marijuana.
As more western countries liberalize these laws, more affluent
markets are made available to the industry. As more research is
performed on the medical applications of marijuana, specifically
the active chemical compounds known as cannabidiol (CBD) and
terpenes, more doctors will be willing to suggest their use for
pain management
With increased legality and decreased stigma associated with
marijuana, the global medical marijuana market is projected to
increase by 27% year over year to approximately $176 billion (USD) in
2030.
