Based on information supplied by European investment bank Bryan, Garnier & Co. the authorized worldwide cannabis market is poised for growth of over 1,000percent during the next ten years and may hit $140 billion bucks 2027.
Arcview Market signaled recently that although California gets the press attention and Canada understands the investment bucks as the nation hopes to legalize cannabis for recreational use, the current changes in European nations such as Germany’s move to generate cannabis flower available for medical use in pharmacies has been actually the major news of 2017 in a global perspective.
Snipp Interactive Inc. (OTC: SNIPF), Vitality Biopharma, Inc. (OTC: VBIO), United Cannabis Corporation (OTC: CNAB), Surna Inc. (OTC: SRNA), Namaste Technologies Inc. (OTC: NXTTF)
From the U.S the potential monetary advantages from legalization are significant economically and politically. Fortune declared that,”to be able to accumulate $1 billion annually in earnings, the nation will have to achieve a projected $7 billion in yearly lawful recreational cannabis earnings.
At the speed, California would readily be the nation’s biggest legal marijuana marketplace, as the whole legal cannabis industry from the U.S. is expected to pull roughly $10 billion in overall earnings for 2017.
That amount would almost surely receive a boost from the next several years, as authorized markets grow from California and other countries, including Nevada and Massachusetts.”