How Big Is The Cannabis Industry?
In recent years, the global push for cannabis reform has created a new big industry in several regions of the world, most notably in North America, and has put the substance on the radars of entrepreneurs and investors alike.
Currently, viable economic models include not only greenhouses and dispensaries producing and selling dried flowers, but also a weed delivery service like Eaze, a cannabis seed bank like Fast Buds, not to mention innumerable businesses that cater to the consumers of CBD and CBD-infused products.
Overall Global Demand for Recreational Marijuana
Cannabis is by far the most widely-used illicit substance in the world. In 2017, the United Nations’ World Drug Report estimated the number of active users at 182-million or 2.4-percent of the whole world population. This is a conservative number which in reality can be as high as 238 million users.
Collectively, these people consume around $344 billion worth of weed every year. This figure includes both the legal sales and the black market and gives a general idea of what the industry can strive for when the substance is legalized and regulated globally.
However, the current illegal status of marijuana in the majority of the world’s markets is pushing the prices up, and it is safe to assume that they will plummet as soon as cannabis is descheduled. According to Cato, the price of an ounce of flowers in the state of Washington has dropped from $270 to $230 post-legalization. Similar patterns are observed in other ‘green’ states.
At the same time, the number of users tends to slightly increase after the passage of a legalization initiative. This may even out the effect of decreasing prices.
An $80+ Billion Market in the US Alone?
When compared region to region, Asia—with an overall demand worth $132.9 billion—is at the top of the list, followed by North America that consumes approximately $85.6 billion.
However, experts in the field estimate that the legal cannabis industry in the US alone has the potential to overshoot this mark and reach $100-billion by 2030. Others make a more conservative forecast of $84-billion by 2028.
This is equivalent to the annual growth of more than 14% in the coming years as more and more states accept the reform. In 2019, all ‘legal’ states combined had a cannabis market worth $13.6-billion, with 340,000 jobs devoted to the handling of plants, according to Investopedia.
It is worth noting that the transition from the black market model to the legal and regulated industry is never a smooth one. According to a report by New Frontier Data, as much as 80% of all cannabis sales in California—which legalized the substance in 2016—take place on the black market. This data is representative of what is happening in other states that have ended the prohibition, as well as in Canada.
I will know, many thanks for an explanation.
Car Hire Greece
https://continent-telecom.com/virtual-number-uk
You are not right. I am assured. I can prove it. Write to me in PM, we will discuss.
I am final, I am sorry, but it not absolutely approaches me. Perhaps there are still variants?
https://list.ly/list/9Bj1-car-rental-paphos
https://aviatorcasinos.com/
I consider, that you are not right. I am assured. I suggest it to discuss. Write to me in PM, we will talk.
https://community.telegramfxcopier.io/user/car_rental_istanbul
https://european-sailing.com/yacht-charter-ibiza
https://virtual-local-numbers.com/countries/1317-san-francisco-phone-number.html
Like attentively would read, but has not understood
Also what in that case to do?
https://www.longisland.com/profile/carrentalsantalyacom
http://www.rohitab.com/discuss/user/1994218-carrentalsharjahcom/
Genuinely no matter if someone doesn’t be aware of after that its up to other people that they will assist,
so here it occurs.
Hi there, I would like to subscribe for this blog to get most recent updates, therefore where can i do it please assist.
This is a topic which is close to my heart…
Many thanks! Exactly where are your contact details though?
Usually I do not learn article on blogs, however I would like to say that this write-up very
pressured me to take a look at and do so! Your writing taste has been surprised me.
Thanks, quite great post.
I must thank you for the efforts you’ve put in writing this blog.
I am hoping to check out the same high-grade content from you later on as well.
In fact, your creative writing abilities has encouraged me to get
my own, personal site now 😉
I always emailed this webpage post page
to all my associates, as if like to read it afterward my links will too.
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
We recommend visiting the website https://telegra.ph/The-Drive-Within-Unlocking-Potential-with-Motivational-Quotes-03-31.
Also, don’t forget to bookmark the site: [url=https://telegra.ph/The-Drive-Within-Unlocking-Potential-with-Motivational-Quotes-03-31]https://telegra.ph/The-Drive-Within-Unlocking-Potential-with-Motivational-Quotes-03-31[/url]
https://1xbet-official-site.gitbook.io/1xbet-welcome-bonus
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Wow that was unusual. I just wrote an really long comment
but after I clicked submit my comment didn’t appear.
Grrrr… well I’m not writing all that over again. Anyhow, just
wanted to say wonderful blog!
This article is a perfect blend of informative and entertaining. Well done!
The words are like brush strokes on a canvas, painting ideas in my mind.
What a refreshing take on this subject. I completely agree with The points!
I’m extremely impressed with your writing skills and also with
the layout on your weblog. Is this a paid theme or did you
modify it yourself? Either way keep up the excellent
quality writing, it’s rare to see a great blog like this one today.
Hello there, just became alert to your blog through Google, and found that
it’s truly informative. I am gonna watch out for brussels.
I will be grateful if you continue this in future. Lots of people will
be benefited from your writing. Cheers!
These are really enormous ideas in about blogging.
You have touched some fastidious factors here.
Any way keep up wrinting.
First off I would like to say excellent blog!
I had a quick question which I’d like to ask if you
do not mind. I was interested to find out how you center yourself
and clear your head before writing. I have had a hard time clearing
my mind in getting my thoughts out there. I do enjoy writing but it just seems like
the first 10 to 15 minutes are generally wasted
just trying to figure out how to begin. Any recommendations
or tips? Many thanks!
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
Thanks for sharing your thoughts. I truly appreciate your efforts and I am
waiting for your further write ups thank you once again.
Excellent items from you, man. I’ve remember your stuff previous to and you’re simply too
wonderful. I actually like what you have received here, really
like what you’re stating and the way during which you say it.
You’re making it enjoyable and you still take care of to stay it sensible.
I can’t wait to read far more from you. This is actually a wonderful website.
Hello there, just became aware of your blog through Google, and found that it is
truly informative. I’m going to watch out for brussels.
I’ll be grateful if you continue this in future. Numerous people will be benefited from your
writing. Cheers!
What’s up, this weekend is nice in favor of me, for the reason that this occasion i am reading this
fantastic educational article here at my home.
After exploring a number of the articles on your web site, I really appreciate your way of
writing a blog. I bookmarked it to my bookmark site
list and will be checking back in the near future. Please visit my website as well
and let me know how you feel.
Greate post. Keep writing such kind of information on your page.
Im really impressed by your blog.
Hey there, You have done a fantastic job. I’ll certainly digg it and individually suggest to my friends.
I’m confident they will be benefited from this site.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
It’s awesome to pay a visit this site and reading the views of all mates about this piece of writing,
while I am also eager of getting know-how.
Thanks for your personal marvelous posting! I really enjoyed reading it, you might be a great author.
I will ensure that I bookmark your blog and may come back down the road.
I want to encourage you to ultimately continue your
great writing, have a nice morning!
Hey there! I’m at work surfing around your blog from my
new iphone 3gs! Just wanted to say I love reading through your blog and look forward to
all your posts! Carry on the superb work!
Have you ever considered publishing an e-book or guest authoring on other blogs?
I have a blog based upon on the same topics you discuss and would really
like to have you share some stories/information. I know my audience would value your work.
If you are even remotely interested, feel free to send me
an e mail.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
monpera toto
Informative article, totally what I was looking for.
togelup togelup togelup togelup
togelup.
idcash88 idcash88 idcash88 idcash88
Hi there to every one, the contents existing at this site are truly amazing for people knowledge, well, keep up
the nice work fellows.
arti pmo
Hi there! I simply wish to give you a huge thumbs up for
your excellent info you’ve got here on this post. I will be returning to your website for
more soon.
pantun promosi unik dan lucu pantun promosi unik dan lucu pantun promosi unik
dan lucu
Hello friends, how is everything, and what you would like
to say regarding this article, in my view its actually awesome for me.
yalla live indonesia yalla live indonesia yalla live indonesia
This blog was… how do you say it? Relevant!!
Finally I’ve found something which helped me. Cheers!
angka mistik 2023 angka mistik 2023 angka mistik 2023 angka mistik
2023 (https://northernfortplayhouse.com/)
Howdy would you mind letting me know which hosting company you’re utilizing?
I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads a lot quicker then most.
Can you suggest a good hosting provider at a reasonable price?
Many thanks, I appreciate it!
akun demo slot akun demo slot akun demo slot akun demo slot
togelup togelup togelup togelup
Hi, everything is going sound here and ofcourse every one is sharing data,
that’s in fact good, keep up writing.
yandex semua film 2024
Oh my goodness! Awesome article dude! Thank you, However
I am having problems with your RSS. I don’t know why I am unable to join it.
Is there anybody having the same RSS issues?
Anyone that knows the answer will you kindly respond?
Thanx!!
jpslot jpslot jpslot jpslot
Hi to every one, it’s actually a fastidious for me to pay a visit this web
site, it includes priceless Information.
bola88 bola88 bola88 bola88
I all the time used to read piece of writing in news papers but now as I am a user of web so
from now I am using net for articles, thanks to web.
wdbos wdbos wdbos wdbos wdbos
I was able to find good information from your blog posts.
slot88 slot88 slot88 slot88 slot88
you’re truly a good webmaster. The website loading velocity is amazing.
It sort of feels that you are doing any unique trick.
Furthermore, The contents are masterwork.
you’ve done a magnificent job on this subject!
mawartoto login mawartoto login mawartoto login mawartoto login mawartoto login
Hey there, I think your blog might be having browser compatibility issues.
When I look at your blog site in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up! Other then that, superb blog!
data macau data macau data macau
data macau data macau
Thank you, I’ve just been searching for info about
this topic for a long time and yours is the greatest I have found out
till now. But, what concerning the bottom line? Are
you positive about the supply?
olxslot olxslot olxslot olxslot olxslot
Do you mind if I quote a few of your posts as long as I provide credit
and sources back to your weblog? My blog is in the very same area of interest as yours and
my users would certainly benefit from some of the information you
provide here. Please let me know if this ok with you. Many thanks!
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/fr-AF/register?ref=JHQQKNKN
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://accounts.binance.com/pt-BR/register-person?ref=YY80CKRN
lunatogel
lunatogel lunatogel lunatogel
lunatogel
This design is steller! You definitely know how to keep a
reader amused. Between your wit and your videos, I was almost moved to start my
own blog (well, almost…HaHa!) Wonderful job.
I really loved what you had to say, and more than that, how you
presented it. Too cool!
raja787 raja787 raja787
I loved as much as you’ll receive carried out right here.
The sketch is attractive, your authored material stylish.
nonetheless, you command get got an shakiness over
that you wish be delivering the following. unwell unquestionably come further formerly
again as exactly the same nearly a lot often inside case you shield this
increase.
abutogel abutogel abutogel
whoah this blog is great i love studying your articles. Keep up the good work!
You recognize, many individuals are looking round
for this information, you could aid them greatly.
mawarslot mawarslot mawarslot
I’ve been exploring for a little for any high quality articles or blog posts on this
kind of area . Exploring in Yahoo I at last stumbled upon this web site.
Reading this information So i am satisfied to exhibit
that I’ve an incredibly good uncanny feeling I found out exactly what I needed.
I such a lot certainly will make certain to
do not disregard this website and provides it a look on a relentless basis.
protogel protogel
protogel
Whats up this is kinda of off topic but I was wanting to know if blogs use WYSIWYG editors
or if you have to manually code with HTML.
I’m starting a blog soon but have no coding knowledge so
I wanted to get advice from someone with experience. Any help would be
greatly appreciated!
gojekpot gojekpot gojekpot
Excellent post. I was checking continuously
this blog and I am impressed! Extremely useful info particularly the last part
🙂 I care for such info much. I was seeking this certain info for
a long time. Thank you and best of luck.
sgcwin88 sgcwin88 sgcwin88
Usually I don’t read article on blogs, but I wish to say that this write-up very compelled me to try and do it!
Your writing taste has been surprised me. Thank you, quite great post.
slot demo slot demo
slot demo
We are a bunch of volunteers and starting a new scheme in our
community. Your site provided us with helpful info to work on. You
have performed an impressive task and our entire neighborhood
will probably be grateful to you.
damri togel damri togel
I’m truly enjoying the design and layout of your site.
It’s a very easy on the eyes which makes it much more pleasant for me to come
here and visit more often. Did you hire out a designer to create your theme?
Outstanding work!
pos4d pos4d
Thanks a lot for sharing this with all of us you really realize what you are speaking approximately!
Bookmarked. Please additionally consult with my website =).
We will have a link change agreement between us
tempototo tempototo
tempototo
I read this post completely regarding the difference of newest and earlier technologies, it’s remarkable article.
ayu togel ayu togel ayu togel
Excellent post! We are linking to this great content on our site.
Keep up the great writing.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
The Writing is like a lighthouse for my curiosity, guiding me through the fog of information.
This is very interesting, You’re a very skilled blogger.
I have joined your rss feed and look forward to seeking more of your fantastic post.
Also, I’ve shared your website in my social networks!
This text is invaluable. When can I find out more?
The creativity and insight left a big impression on me. Fantastic job!
This is my first time pay a quick visit at here and i
am truly happy to read all at single place.
An outstanding share! I have just forwarded this onto a coworker who was doing a little
research on this. And he in fact bought me
breakfast because I found it for him… lol. So allow me to reword this….
Thank YOU for the meal!! But yeah, thanks for spending some time to talk about
this issue here on your site.
The insights are like a sunrise, bringing light and warmth to new ideas.
Every word you write sparkles with insight, like stars in my night sky. Can’t wait to navigate more skies together.
Joy to read and contagious enthusiasm? I thought I was immune, but you proved me wrong.
The voice shines through The writing like a beacon, guiding us through the darkness of ignorance.
The attention to detail is remarkable. I appreciate the thoroughness of The post.
The posts are like a cozy nook, inviting and comfortable, where I can immerse myself in thoughts.
Excellent website. Plenty of useful information here.
I’m sending it to a few friends ans additionally sharing in delicious.
And of course, thanks in your sweat!
Howdy! Someone in my Facebook group shared this website with us so
I came to give it a look. I’m definitely
loving the information. I’m bookmarking and will be tweeting this to my
followers! Terrific blog and great style and design.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Great goods from you, man. I have understand your stuff
previous to and you are just too wonderful.
I really like what you have acquired here, certainly like what you’re saying and the way in which
you say it. You make it enjoyable and you still take care of to keep
it sensible. I can’t wait to read much more from
you. This is really a tremendous website.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/ru/register?ref=V3MG69RO
Every article you write is like a new adventure. I’m always excited to see where you’ll take me next.
The content is like a treasure chest; every post uncovers gems of wisdom. X marks the spot here.
Remember, the key with flirtatious comments is to keep them light-hearted, respectful, and ensure they’re taken in the spirit of fun and admiration.
We recommend exploring the best quotes collections: Love Songs Quotes From Great People
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
The passion for this subject shines through The words. Inspiring!
The way you break down ideas is like a chef explaining a recipe, making hard to understand dishes seem simple.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Thank you for adding value to the conversation with The insights.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.