Cannabis is now a commodity, but commercial realities are kicking in

Canada LegalNews USACannabis is now a commodity, but commercial realities are kicking in
18
Apr
2019

Colorado opened the world’s first regulated recreational marijuana marketin 2014. That’s some five years ago.

A lot has changed since then, with regulations now extending to global markets and businesses opening up, on what seems to be almost a weekly basis.

According to Mark Bernberg of the Greenfund, “the global cannabis market is thought to be worth US$150 billion today. Barclays, in their European Consumer Staples Report in September 2018, suggests that this figure could increase to US$272 billion by 2028.

Clearly, cannabis is now a growing legal commodity and that means proper business practices need to be put in place.

To read more…

Post your comments here

Your email address will not be published. Required fields are marked *