Couple of industries supply the excitement and lengthy-term development prospective of the legal marijuana business. Right after creating $12.two billion in worldwide sales in 2018, worldwide cannabis sales are anticipated to blossom to additional than $31 billion by 2022, and hit $50 billion (or greater) by the finish of the subsequent decade. That is a compound annual development price of about 12.five% more than the subsequent 12 years, and this is a usually conservative estimate.
The reality is that these income dollars have to wind up someplace, and with $50 billion on the line, it is fairly clear there will be at least a handful of lengthy-term winners. Of course, identifying these winners with concrete accuracy in any higher-development business is difficult.
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