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$57 billion: According to a new report by Arcview Market Research and BDS Analytics, that is how much the global cannabis industry can be worth by 2027. Spending on marijuana, it is predicted, will be focused in North America, but oversees markets in Europe will expect the biggest jumps in growth, with a 47% CAGR and estimated $2.5 billion value by 2027.
          
According to the report, two-thirds, will be spent on recreational marijuana with medical marijuana making up the rest ($38.3 billion to $19.1 billion). Recreational markets are predominantly focused in North America, with medical marijuana programs being the focus in Europe and South America.

Sources: https://news.medicalmarijuanainc.com/57-billion-thats-much-worldwide-legal-marijuana-market-will-worth-2027/


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