Tuesday, March 28, 2017 3:12:32 PM
A new report by New Frontier Data estimates that the legal cannabis market was worth $6.6 billion in 2016 and is projected to grow at a compound annual growth rate (CAGR) of 16%, or reaching more than $24 billion by 2025. As more states have legalized medical cannabis as oppose to recreational, the medical market is projected to grow at 12% CAGR through 2025, or growing from $4.7 billion in 2016 to an estimated $13.3 billion in 2025. States where sales of cannabis products are legal, anticipate generating significant tax revenues as a result. 22nd Century Group Inc. (NYSE: XXII), Axim Biotechnologies Inc. (OTC: AXIM), GW Pharmaceuticals (NASDAQ: GWPH), Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE), Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP)
Source: Full Article
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