The Cannabis Industry and Investment Opportunities
Time & Location
About the Event
Presented By: BAM Consulting LLC
Special Guest: Jenny Cudd
Recieve a better understanding of the movement of the Cannabis Industry. The world economic market has been broken down as follows, showing that the cannabis industry can be considered a multibillion dollar component of a larger pharmaceutical industry. The exact value of cannabis sales worldwide remains unknown as the vast majority of the market remains illicit. With movement around legalisation of Cannabis, it is attracting more investments from alcohol and drug companies.
Marijuana (drug) sales in North America reached $6.7 billion in 2016, representing 30% growth year-over-year. According to a report by university researcher Jon Gettman, cannabis is the United States' largest cash crop and "a pervasive and ineradicable part of the national economy". A 2015 ArcView Group report stated that it was the fastest growing industry in the United States. The industry in the United States is expected to grow from $2 billion in 2014 to as much as $10 billion in 2018, depending on legalization outcomes. By one estimate the industry in the United States could be $35 billion in 2020.