Cannabis Growth & Trends Through 2025

<p>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.</p><p>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</p><p>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%).</p><p>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.</p><p>Virtually every sector of the industry saw blockbuster investments as companies raced to enter new markets, expand operational capacities, and acquire novel intellectual property.</p><p>Episode 852 of The #TalkingHedge dives into New Frontier Data’s report…</p><p>https://youtu.be/968t07N5YS0</p><p>#CannabisIndustry #CannabisData #MarijuanaData #CannabisAnalytics #MarijuanaAnalytics #CannabisSalesData #MarijuanaSalesData</p>