Skeptics might say, “this is just a commodity market!”
But the reality that appears to be coming together is that it is a consumer packaged goods market with vertical supply chains bound by regulatory firewalls, allowing for protected value in a healthy competitive context. Wrap that story up in the narrative of politically favorable winds in terms of further legalization steps ahead, and the sky is apparently the limit.
That framework has captured the imagination of Wall Street Analysts and Retail investors alike.
With that in mind, we take a look at a few of the more interesting names in the cannabis patch, including: Cresco Labs Inc (OTCMKTS:CRLBF), MedX Holdings Inc (OTCMKTS:MEDH), and Sundial Growers Inc (NASDAQ:SNDL).
Increasing Consumption, Expanding Legalization Leading to High Times for Cannabis Companies
- Financialnewsmedia.com News Commentary
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PALM BEACH, Fla., Feb. 10, 2021 /PRNewswire/ The growth of the cannabis market over the last few years has been remarkable. The historical social negativity took a long time to overcome, but now, it has freed the markets to grow by the billions! Consumer demand has spawned revenue streams that continue to grow at a faster pace. However, some would be surprised to know that it s the medical segment… not the recreational… that is predicted to be outpace recreational marijuana in the race for revenues. One report, from Market Research Future projected that the market for medical marijuana market is anticipated to acquire the market value of USD 54,677 million while thriving at a CAGR of 34% by 2023, while another report from Market Data Forecast increased the projection saying that the size of the global me
Cannabis Cultivators Focus on Developing Stronger THC Blends As Demand Skyrockets
Financialnewsmedia.com News Commentary
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PALM BEACH, Fla., Feb. 1, 2021 /PRNewswire/ The cannabis industry has been fighting for legalization for decades. With each passing year, the cannabis industry matures and continues to grow exponentially. The market value of the cannabis industry is projected by all industry reports to continue strong growth for several years to come. These projections comes at a time when cannabis remains federally illegal. As legalization grows, so will the size of the market, but also in the methods of production and cannabis consumer behavior. Approximately 36 states and 4 territories (District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands) have enacted measures in the medical marijuana industry and recreational can t be far behind… consumer demand is playing its part in shaping the successful product lines and brands. Re
Cannabis Delivery Services Are Becoming One of the Hottest Revenue Streams in Cannabis Market
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Financialnewsmedia.com News Commentary
PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ Revenue projections for the recreational and medical marijuana markets keep rising, each one larger than the previous studies. According to a recent report by ArcView Market Research and BDS Analytics, the global licensed dispensary sales of cannabis will reach $40.6 billion by 2024, registering a CAGR of 24.5%. The US will account for about $30 billion or 73% of the global cannabis dispensing market in 2024. It is also projected that by 2024 the retail dispensing sales of legal recreational cannabis will reach $26.7 billion whereas the revenue generated from the sales of medical cannabis will reach $13.9 billion… but the most, according to an article