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The Legal Cannabis Market Maintains Growth

NEW YORK, March 24, 2017 /PRNewswire/ --

FinancialBuzz.com News Commentary

According to new data published Arcview Market Research, a leading publisher of cannabis market research, the legal cannabis market is projected to continue to grow at a 27 percent CAGR through 2021, despite conflicting signals from the current presidential administration. The report created by Arcview's data partner, BDS Analytics, points out that the two biggest drivers of growth in this industry are the passage and subsequent implementation of new adult-use laws and branded product subcategories. Examples of these subcategories would be vape cartridges, edibles, and other alternative consumption methods.

Troy Dayton, CEO of Arcview Market Research, said in a statement, "While the uncertainty created by the mixed signals coming out of the administration may cause a temporary dip in some valuations of cannabis companies and some more risk-averse institutional investors and multinational companies may continue to stay on the sidelines, it won't impact the growth of the market much at all. No matter what the administration does, states will continue to issue cannabis licenses to a long line of applicants and licensed cannabis outlets will continue to have long lines of consumers ready to purchase this product from regulated establishments."