Industry info

Industry info

The legalization
of cannabis is growing
Cannabis, in all forms, is rapidly legalizing around the world, 44 countries have introduced legislation to legalize cannabis, 14 of those countries are in EU while Europe is expected to be the largest market in the world within 5 -10 years. If this trend continues, in about 5 years over a third of the world will accommodate cannabis.
Cannabis is authorized for medicinal use in 40+ countries
Significant market growth
Сannabis is predicted to become the fastest growing commodity market in the next few years. According to analysts, by 2024 the Global cannabis market is estimated to reach a value of around € 103,9 billion.
Alternative cannabis
products
The global market for alternative cannabis products is expected to nearly double over the next five years, to $194 B.
Explosion of the Ancillary Cannabis Market
By 2024 ancillary market estimated to be ×2
the size of the retail cannabis market
Medical
Devices
Labs
& testing
Therapeutic
use
Consumer
products
Explosion of the Ancillary Cannabis Market
By 2024 ancillary market estimated to be ×2 the size of the retail cannabis market
Medical
Devices
Labs
& testing
Therapeutic
use
Consumer
products
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