$GRWC ~ Industry Highlights
Industry Highlights Right now, it’s estimated that the U.S. cannabis consumer market for legalized recreational and medicinal use was $4.4 billion in 2015 and in all likelihood will grow to $9.5 billion in 2019. Once legalized federally, it’s estimated this market will grow to $37 billion within 5 years and $50 billion within 10 years.
Cannabinoid therapeutic applications have been identified for more than 40 medical conditions including arthritis, cancer, chronic pain, epilepsy, glaucoma and HIV/ AIDS and that it’s believed that the future cannabinoid-based pharmaceuticals market may ultimately exceed $50 billion.
That industry experts believe that with the states increasingly accepting Marijuana; that federal legalization is not a question of if but rather when. Just like it all happened with lift prohibition in in the 1920’s. It’s time has come.
