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The market stood at $93,487.2 million in 2019, which is projected to reach $293,791.0 million by 2025.
The Americas cannabis market is accelerated by factors such as escalating use of cannabis in wellness and medicinal products and surging investments for the development of these products.
Moreover, legalization of cannabis for recreational purposes will drive the market at 22.5% CAGR during the forecast period (2020-2025). Regular users in Canada and several states of the U.S. are consuming this weed on a day-to-day basis, due to its legalization and availability at legal stores.
One of the key factors driving the Americas cannabis market growth is the rising interest in the development of consumer products and therapies based on cannabis and its constituent chemicals. Moreover, legalization of the material across the U.S. and Canada has encouraged neighboring countries to join the trend of decriminal
Americas Cannabis Markets 2021-2025: Brand Positioning of CBD- and THC-based Merchandize as Lifestyle and Wellness Products prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
2 Marijuana Stocks To Watch Before Next Month
With the start of the new week comes the potential for marijuana stocks to continue to recover. A great deal of anticaption is set for the last week of May. Many cannabis stocks to watch are working on sustaining any current momentum before the start of June. Just like some analysts predicted May would be a turning point cannabis June could be a less volatile month with better upward trading. At the start of May not, all cannabis stocks began to recover.
Within the first week or so of May, many marijuana stocks were still not seeing a big push in the market. However, heading into the second week of May marijuana stocks started to show a bit more volatility when trading. Yet even with small moments of upward trading much of this rise was short-lived. But even with many cannabis stocks fluctuating in price it still more action that happened in the market over the past 3 months.
Although sixteen U.S. states and Washington, D.C. have legalized adult-use cannabis, numerous municipalities, towns and cities are declining to participate in their state’s legal marijuana programs. One of the results of these opt-outs is that residents needing or wanting cannabis are obliged to travel to surrounding areas to obtain it.
Opt-outs, while nothing new, are impacting even major markets like California, where only 161 of the state’s 482 municipalities have chosen to join the adult-use program that began in 2019.
In Michigan, over 500 towns have prohibited cannabis operations since the state voted to legalize in 2018. In addition, Detroit is involved in a lawsuit over a disputed 15-year residency stipulation for social equity applicants that could result in the Motor City saying no to cannabis sales.