The North American legal cannabis market value reached more than $8 billion in 2017 and is projected to reach around $35 billion by 2023, according to a recent report compiled by Research and Markets.
The research specifies that cannabis is gaining prominence in North America due to the increasing acceptance of products for both recreational and medical uses. Research and development in the field of medical cannabis is expected to create a positive business growth environment necessary for the budding industry.
Cannabis legalization initiatives are being taken around the world. Uruguay and Canada are leading the way in the adult-use (recreational) legalization, and Germany broke barriers in 2017 on medical-use products.
To read the full release, click here.
