The Global Marijuana Market Will Soon Hit $31.4 Billion but Investors Should Be Cautious

The worldwide marketplace for hashish is projected to hit $31.four billion by 2021, based on a brand new report from the Brightfield Group, a hashish market analysis agency. Currently, the worldwide market is estimated to be value $7.7 billion and can see a compound annual progress fee of 60 % as different nations liberalize their marijuana legal guidelines.

The U.S. presently drives 90 % of worldwide hashish gross sales, but its share will drop to 57 % by 2021. That’s largely because of Canada’s plans to legalize leisure marijuana by July 2018. Meanwhile, nations in Latin American and Europe are more and more adopting medical hashish packages. And German political events are contemplating leisure legalization as a part of their talks in forming a coalition authorities.

Plenty of Canadian hashish corporations are putting worldwide offers, exporting their merchandise to markets in Europe and South America. As different nations liberalize their marijuana legal guidelines, will the U.S. get left behind?

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