Key Insights on the Growth Trajectory of the Global Cannabis Market
Global Cannabis Market Growth Trends Report
Chicago, March 18, 2024 (GLOBE NEWSWIRE) -- The global cannabis market size is estimated to be valued at USD 27.7 billion in 2022 and is projected to reach USD 82.3 billion by 2027, recording a CAGR of 24.3% in terms of value. Increased legalization has been extremely beneficial to the cannabis industry. Additionally, as more research studies in the field are carried out and show that cannabis has positive effects medically, has helped alter public perceptions of the drug. The industry is witnessing significant growth driven by changing regulations and medical discoveries.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.