According to the Brightfield Group, the global marijuana market will reach $31.4 billion by 2021. At this point, the global market is worth $7.7 billion, a 60% compound annual growth rate. Most of the market, however, will still be concentrated in the U.S., which will continue to lead the way in reforming the drug’s laws.
Currently, the United States drives 90 percent of the global cannabis market, which is projected to drop to 57 percent by 2021. However, Canada has plans to legalize recreational use of the drug by July 2018 and countries in Europe and Latin America are considering legalization. In Canada, cannabis companies are striking international deals and exporting their products to markets in South America and Europe.
While the market is expected to grow in size and popularity, investors should be careful in choosing the best company to invest in. While the market is still growing, there are many risks involved in this industry. gorilla glue autoflowering The biggest one is that cannabis stocks are wildly unstable and are not suitable for all types of investors. While these investments can potentially yield profits, they also require a great deal of risk.
The global marijuana market will continue to grow, as more countries legalize it for recreational use. The biggest hurdles will be regulatory and banking issues. The industry has to prove its credibility before investors can safely make their investment. The growth of marijuana is not going to happen overnight, but if you’re patient, it will continue to be a lucrative business.
The Global Marijuana Market Will Eventually Reach $31.4 Billion, But Investors Should Be Cautious. The legalization of marijuana will allow more people to use it and become more educated about the drug. With legalization, the market is likely to increase and investors should be cautious. There is a risk of fraud in the industry, but the growth of cannabis will be significant, so investors should be prudent.
The marijuana industry is still in its early days. The industry could soon become a profitable industry, with the sales of marijuana reaching about nine billion dollars in 2017. While that might sound like a lucrative business, it is important to keep in mind that the industry may also become a workplace drug. In fact, 32% of food service workers have reported using marijuana in their jobs. As a result, legalizing the drug could negatively impact a company’s productivity and employee reliance on these drugs.
As legalization continues to gain momentum, it is also important to remain cautious. While marijuana has been illegal for decades, the market is booming and becoming a lucrative business. Despite this, investors should be careful and be aware of potential problems. This industry is a hot spot for many different industries. The global market is growing rapidly, and will soon reach $21 billion by 2021.
The cannabis market has many potential to become a big source of income, but investors need to be cautious. While legalization is a good thing for people, it is still a dangerous industry for the investors. If you want to invest in it, consider the risks and invest accordingly. It is a good idea to avoid any investment that may end up costing you money.
The marijuana market is growing rapidly and is an attractive source of income for investors, but investors should be wary of the potential for price inflation. The growth of legal marijuana is a rapidly-growing industry and the profit potential is huge. Yet, it is crucial to understand the risks of investing in the cannabis industry. For example, it is not recommended to invest in a company that does not have a stable track record of success.