Amid the COVID-19 restrictions, Cannabis has been designated an “essential service” by many state governments which have improved many the financial forecast within the cannabis industry. The designation demonstrates how government and industry can work together effectively towards a common goal of improving the economy and providing critical access to medical and wellness products. Arcview Market Research and BDSA (formerly BDS Analytics) predicts that global legal cannabis industry revenue is set to grow another 38% to $20.4 billion citing trend like the essential service designation. Furthermore, The eighth edition of the widely-cited “State of Legal Cannabis Markets” series also points to other key trends across the globe around cannabis revenue as an indicator of huge industry growth.
– The Chron, 07/13/2020 1:00:00 PM