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Cannabis Market Expected to Reach USD 52,995.4 Million by 2027 With A CAGR Of 22.2% | Growth Market Reports
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Cannabis Market Expected to Reach USD 52,995.4 Million by 2027 With A CAGR Of 22.2% | Growth Market Reports
According to a recent market study published by Growth Market Reports (GMR), titled, "Cannabis Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast", the market was valued at USD 11,683.3 Million in 2019 and is expected to grow at a healthy growth rate of 22.2% by the year 2027. The global cannabis market is anticipated to grow owing to increasing usage of cannabis for several medical applications. Furthermore, rising application of cannabis for recreational purposes in numerous nations where cannabis is legalized is a primary factor expected to drive the growth of the global cannabis market.
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