Global Cannabis Market Revenues Predicted to Surpass $42 Billion by 2024
Financialnewsmedia.com News Commentary
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PALM BEACH, Fla., Jan. 12, 2021 /PRNewswire/ -- Coronavirus hasn't kept some cannabis companies down… in fact, they're staffing up even though unemployment in most other sectors soar. Dispensaries around the country that were in strong financial shape heading into the pandemic have been hiring additional workers in response to robust demand for marijuana products. Almost all states have allowed pot shops to remain open, even though vast swaths of the retail economy have been shuttered for weeks. The coronavirus sales boom, sparked by panicked shoppers worried that dispensaries might be shuttered — quickly plateaued, and most shops report that they continue to do brisk business. In fact the market is projected to grow over the next several years. A report from Archview Group & BDS Analytics, that said that the Global Cannabis Market is expected to reach to $42.7 Billion by 2024. It said: "That is a true testament to just how popular cannabis is among consumers and the ongoing impact of new markets coming online and maturing. The possibilities are boundless as political progress opens up more markets across the world, and struggling markets sort out their regulatory framework." Active Cannabis companies in the markets this week include