A recent report from New Frontier Data explores the rapid growth of both medical and recreational cannabis sales in its “Global Cannabis Report: Growth & Trends Through 2025” report. The report is a comprehensive look at what to expect in the global cannabis industry over the next few years, while analyzing the current and future trends in the global markets of North America, Europe, Latin America, the Caribbean, Oceania, Asia and Africa.
New Frontier Data Founder, Publisher and Executive Chair Giadha A. DeCarcer, shared in her Letter from the Publisher at the beginning of the report that this industry will only continue to grow and expand.
“When we released our first Global Cannabis Industry Report in 2019, it was clear that cannabis legalization would prove to be one of the most consequential socioeconomic movements of our time,” she wrote. “In just two years’ time, the number of countries having legalized some form of cannabis has increased from 50 to 70, and there are now 10 countries legalizing adult use, almost a twofold increase from 2019. As legal markets across the globe continue to evolve, we have found that regulatory structures and societal norms vary greatly, and each country, region and market require a nuanced approach to quantifying, qualifying and understanding them.”
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New Frontier Data Predict Global Cannabis Sales to Hit $51 billion by 2025
dollars on fresh hemp grass by Marco Verch Professional Photographer is licensed under CC BY 2.0