According to a new report conducted by the research firm Statista, the revenue for the global cannabis market is projected to reach $51.27 Billion in 2023.
The report estimates the market to have an annual growth rate (CAGR 2023-2028) of 14.95%, resulting in a market volume of US$102.90 Billion by 2028.
“The Global cannabis market just continues to keep growing year after year”, states the report. “The increasing legalization of cannabis and rising acceptance of its use for medical purposes are the key factors driving the growth of the market.”
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