The Cannabis Industry Could Sell $200 Billion Worth of Weed Annually by 2029
A new report from Stifel, a Wall Street projection firm, says the global weed market will expand 25-fold in a decade, with the US contributing to half of the total sales.
Sorry prohibitionists: there's no holding back the growth of the legal cannabis industry. Despite concerns that the recent boom in cannabis investment might be a temporary bubble, and the fact that federal cannabis reform is moving slower than molasses, financial analysts still believe the industry will overcome these obstacles and expand exponentially.