In 2019 it was estimated that the worldwide cannabis market was valued [around $17.5 billion.
And still today, throughout this year, the cannabis industry has continued to see significant growth.
By 2027 it is estimated that the worldwide cannabis market might surpass $65 billion. This means it would see at least 17.8 percent growth on average per year for the next several years.
By 2024 the cannabis sales for cannabis are expected to reach at least $37 billion or more and that could easily come a lot sooner if more regions look to reduce their restrictions surrounding this plant and activities involving cannabis.
Previous investigations have found that on average people are spending about $25-$50 when they go to the store to shop for some cannabis goods, and many will even spend less than $10 on their visit to the store.
Cannabis use with seniors in the U.S. has grown 75% in just three years
From 18 years old to those 65+ and older, cannabis is being used by millions for dozens of different reasons, there is a growing list today of diseases that people are turning to cannabis to try and find some remedy from. Whether that be seniors battling the aches and pains of old age, or veterans looking for help with PTSD and other issues, children using it for seizures and epilepsy, the versatility in what this plant can do as far as providing people value in the market is undeniably impressive.
Pics:
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