Global Cannabis Industry to Reach $146.4 Billion by 2025

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The cannabis boom has gone global thanks to higher demand from consumers, legalization in various countries, Cannabis 2.0, the 2018 Farm Bill, and further legalization throughout the U.S. As a result, the global market is expected to reach $146.4 billion by 2025, according to Grand View Research Inc. from $7.06 billion in 2016. In addition, the growing adoption of cannabis in medical applications such as cancer, mental disorders, and chronic pain is expected to boost revenue growth even more, BayStreet reported.

Curaleaf closed the transformational acquisition of Select on February 1. With the completion of the acquisition, Curaleaf solidifies its stance as the largest cannabis operator in the U.S. in terms of operational and wholesale footprint, including 53 open dispensaries, and positions the Company well for its next phase of growth.

Source: BayStreet.ca

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