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One thing is certain: The numbers are telling a very compelling story for following and perhaps investing in marijuana for years to come.
Researchers and financial analysts are forecasting unprecedented growth both in the United States and global markets; we’ve moved a long way from “reefer madness,” to legal dispensaries.
Many pundits and skeptics are asking how many more financial ceilings can marijuana break. The truth is, medical marijuana and CBD are forecasted to rise even more in the next ten years. How much more? Here are five remarkable numbers we found on marijuana’s staggering growth:
A May 2019 press release from Grand View Research produced astounding numbers on where the global legal marijuana market is headed. Slated to reach $66.3 billion by the end of 2025, researchers also notated a compounded annual growth rate (CAGR) of 23.9%. Factors of acceleration included recent legalization, medical marijuana use and recreational applications. Other studies cite similar numbers, capturing the attention of investors and financial analysts. With South Africa and New Zealand considering legalization, strong numbers are expected in Australia, Germany, Columbia, Poland, Israel, and Uruguay.
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