A growing market
Forbes Magazine estimates the legal North American cannabis market generated $6.7 billion in revenues during 2016, which represents annual growth in excess of 30%. However, the total market in North American is even larger. As more and more jurisdictions legalize both medical and recreational usage, the legal market is expected to boom over the coming years. Investment bank, Cowen & Company estimates this market to reach over $50 billion annually by 2026. This level of growth compares very favorably to, or even exceeds, the growth of the Internet and personal computers in the 1990’s.
We are here to make sure our partners gain a piece of the dynamic cannabis market.
Clearly, the cannabis industry has become a legitimate economic resource, and has rapidly become the largest growing market in North America. As entrepreneurs, we recognize the growing pains of a fresh market, so we’ve crafted as smarter approach to facilitate healthy growth in the modern Cannabis market.
Of course, the huge growth is expected to be a significant creator of jobs. In fact, research firm New Frontier Data estimates the legal cannabis space will create more than a quarter of a million new jobs by 2020. That’s more than the entire manufacturing sector is expect to create with only just over 800,000 expected.