The cannabis market saw enviable growth in 2020. The designation of cannabis businesses as essential by Arizona, California, Colorado, Nevada, and Oregon caused a dramatic increase in sales. Sales in those states were up nearly 21% Year-over-Year last year, reaching $4.8 billion in July, according to the BDSA.
Meanwhile, the BDSA expects global sales to more than double over the coming years. The global legal market is predicted to reach $47 billion by 2025. And US sales make up a huge proportion of that market – 84% in 2019. With legalization looming in several more states, it’s little wonder that the US cannabis market is turning the heads of investors.
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