The global cannabis market has been an extremely appealing investment sector with a revenue of $14.8 billion in 2019 — a robust 46 percent jump from the prior year.
While COVID-19 has had a dampening effect on many industries, the market is still expected to reach $47 billion by 2025, according to analysts at BDSA and Arcview Market Research.
The Canadian pot market, in particular, is poised for exceptional long-term growth. As one of just four nations with legalized pot, Canada is the largest fully legal recreational market in the world.
Combined with the country’s roll out of its Cannabis 2.0 legalization of edibles, vapes, infused beverages and other products, Canadian cannabis producers could be a smart pick for investors.
IBISWorld estimates that revenue for the cannabis production industry in the country has increased an annualized 116.3 percent over the five years to 2020, reaching an anticipated $3.5 billion in 2020 itself.