- Cannabis trends leading to greater consumer spending
- Cannabis pioneer Derek Pedro joins the BLOCKStrain advisory board
- Company provides an elegant solution, establishing itself as a major player addressing core issues within the global industry
The accelerated pace of legalization in the medical and recreational cannabis industries of North America is leading to a projected increase in consumer spending. By 2027, it is estimated that spending on legal cannabis worldwide will reach $57 billion, with North America projected to dominate the market with an expected growth from 2017’s $9.2 billion to $47.3 billion in 2027.
According to Tom Adams, editor-in-chief at Arcview Market Research and principal analyst at BDS Analytics (http://nnw.fm/9lIvj), “…data shows positive indicators across the board for the legal cannabis industry, in North America and around the globe. The passage of the 2016 ballot initiatives and continued maturation of the…
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