CISION PR Newswire

Worldwide Spending on Cannabis is Set to Grow as the Global Market Develops

BY FinancialBuzz.com

October 23, 2018

“According to a report released by Arcview Market Research, in partnership with BDS Analytics, worldwide spending on legal cannabis is expected to reach USD 57 Billion by 2027, which includes USD 38.3 Billion of adult-use cannabis and USD 19.1 Billion of medical cannabis spending. Cannabis spending in North America will make up the majority of worldwide spending volume, growing from USD 9.2 Billion in 2017 to USD 47.3 Billion, while spending in the Rest of the World is anticipated to grow at a faster rate of 47% CAGR.”

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