Aphria Inc (fka APHA)

[FUNMAN]

I sure hope Aphria is read for this:

Global Cannabis Market Now Projected to Exceed USD 89 Billion by 2024


https://www.newkerala.com/news/read/211189/global-cannabis-market-now-projected-to-exceed-89-billion-by-2024.html

Sep 14, 2019 (8 hours ago) | PRN


PALM BEACH, Florida: The global cannabis markets have been experiencing a rapid growth rate in the last few years and they are projected to rise even faster and further in the coming years.

Sometimes, though, it's hard to get the experts agree to the numbers. But they do all agree that revenues will continue to rise. For example, a report from Green Entrepreneur forecasts $40 billion sales in the global cannabis markets by 2024.

Another report from Grandview Research projected that the global legal marijuana market size is expected to reach $66.3 billion by the end of 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 23.9% during the forecast period.

Increasing legalization and use of marijuana in medical as well as recreational applications is expected to promote the growth... and yet another report from Mordor Intelligence stated that the cannabis market was valued at USD $14.5 billion in 2018, and it is projected to reach $89.1 billion by 2024, with a CAGR of 37%. Active Companies from around the market this week include Player's Network, Inc. (OTC PNTV), Aurora Cannabis Inc. (NYSE ACB) (TSX ACB), Canopy Growth Corporation (NYSE CGC) (TSX WEED), The Supreme Cannabis Company Inc. (OTCQX SPRWF) (TSX FIRE), Isodiol International Inc. (OTCQB ISOLF) (CSE ISOL).

Green Entrepreneur continued saying The U.S. remains to be the leader in terms of cannabis market size. The U.S. cannabinoid market is expected to soar, helped by a number of developments, such as the legalization of hemp via the 2018 Farm Bill. The 'State of Legal Cannabis Markets' report estimates that the total cannabinoid market in the U.S. -- which includes hemp-derived CBD -- will reach $44.8 billion by 2024. The largest share of this market will be allocated to dispensaries that should be present in all states and U.S. territories by that time, BDS and Arcview said. It is followed in size by sales of CBD in both retail brick-and-mortar and online settings.