Global Cannabis Revenue Pushed by Sales Doubling in Some U.S. States
The green rush in the global cannabis market continued in 2019, with sales doubling in seven U.S. states as well as Canada, and you can expect that trend to continue this year, a report out on Thursday shows.
The report from Arcview Market Research and BDS Analytics shows global cannabis sales rose 48% to $15 billion in 2019.
The figures, which are still preliminary and may get revised as more data comes in, were bolstered by states where cannabis has recently become legal for adult or medicinal use.