"Global cannabis market to hit $47 billion by 2025."
GLOBAL CANNABIS MARKET
With countries across the globe expanding legislation to end prohibition, the outlook for international cannabis market expansion remains promising on a domestic and global scale.
Due to broadening medical and recreational programs worldwide, including the growing adoption of cannabis as a pharmaceutical product in treating chronic pain, industry players can expect to see a boost in product demand along with the increasing need for pain management therapies. A Grand View Research study prediction estimates the international cannabis space will reach a value equivalent to USD 73.6 billion no later than 2027. Additionally, the launch of Europe’s first medical cannabis Exchange Traded Fund (ETF) has led to high expectations in the coming years with incredibly promising, lucrative opportunities for market stakeholders.
EUROPEAN CANNABIS MARKETS
The European cannabis industry is quickly shifting towards a legal, commoditized market, with countries like the Netherlands, Spain, Czech Republic and Germany expanding legalization efforts and creating new opportunities for economic growth and stimulation. Get in touch with Point7 today to learn more about cannabis opportunities in Europe.
SOUTH AMERICAN CANNABIS MARKETS
As a developing international industry, South America’s cannabis market has quickly progressed with the expanding legalization of medical cannabis throughout the continent. With growing acceptance of the plant’s medicinal use, countries in South America have been more lenient with cannabis possession enforcement, and more accepting of the idea of legalization and commercial cannabis operations. Contact us to learn more about our services in South America.
ASIAN CANNABIS MARKETS
Despite a historically tolerant stance towards cannabis for most of recorded history, many Asian countries have very strict zero-tolerance policies towards cannabis with some countries considering possession of cannabis punishable by death. A few Asian countries have started to break out of the prohibitionist dogma, and are seeking to regulate and tax the production and sale of cannabis. Contact Point7 to get the latest information and developments with cannabis in Asia.
AUSTRALIAN CANNABIS MARKET
Australian sentiment towards cannabis is becoming widely accepted and endorsed by leading political figures. With the cultural shift towards accepting medical cannabis occurring at different rates in different territories, the federal government has yet to take a definitive stance on recreational cannabis. Neighboring New Zealanders to the southeast are advancing legislation at slightly faster speeds, and anticipate a recreational cannabis referendum on the 2020 general election. To learn more about the Australian Cannabis Market, connect with a member of the Point7 team today.
AFRICAN CANNABIS MARKET
African countries are well positioned to become global producers and exporters of cannabis due to equatorial location, low cost of production and land, and access to ports worldwide. Cannabis has naturally grown in Africa since the earliest records of cannabis and hemp. The African cannabis industry has incredible potential to bloom into the largest cannabis producer and richest hemp market in the world. Contact Point7 today to learn more about African Cannabis Industry opportunities.