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U.S Marijuana Market: The Grass Is Getting Greener Projected Growth of U.S. recreational and medical marijuana sales (billiom U.S. dollars)
August 7, 2019
Canada-based marijuana cultivator Cronos Group has agreed to buy a a hemp producer that distributes CBD products in the United States. Cronos announced the news this past Friday, stating that it has agreed to purchase Redwood Holding Group for $300 million. The company produces CBD-infused products under the brand name...
June 5, 2019
According to the CEO of Brinks, Douglas Pertz, cannabis is going to be a booming industry on a global basis. He believes the industry will be worth $160 billion. Brinks provides cash and logistics services to marijuana producer Canopy Growth in Canada. In a one-on-one interview with “Mad Money” host...
January 13, 2019
Controversial or not, the marijuana boom is tough to ignore. For one, lawmakers in Kentucky and West Virginia are now considering full marijuana legalization. Lawmakers in Indiana, Missouri, Texas and Virginia could also soon vote on legalization bills that were recently introduced. Two, considering the sizable growth there are plenty...
January 9, 2019
The cannabis market may be bigger than first thought. According to analysts at Cowen, U.S. cannabis sales alone could reach $80 billion by 2030 – an increase of $5 billion from earlier estimates, and a 4% compound annual growth rate. "We expect continued growth in newly established U.S. states, and...
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September 19, 2020