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NEW YORK, May 27, 2021 /PRNewswire/
The global legal cannabis market by product (medical and recreational) and geography (APAC, Europe, MEA, North America, and South America) has been added to Technavio s offering. The global legal cannabis market is expected to grow by USD 27.89 billion, at a CAGR of almost 21% during 2020-2024.
Technavio has announced its latest market research report titled Legal Cannabis Market by Product and Geography - Forecast and Analysis 2020-2024
The spread of the COVID-19 pandemic reduced the demand for legal cannabis in 2020. The rising number of active COVID-19 cases led to a temporary shutdown of businesses, which disrupted the supply chain of cannabis. However, with progressive government measures, the number of COVID-19 cases is reducing in several countries. This will help revive the market growth during the forecast period.
$ 27 89 Bn growth expected in Legal Cannabis Market | 14 11% YOY growth in 2020 amid COVID-19 Spread | North America to Notice Maximum Growth
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