The cannabis industry experienced a massive growth in 2017, after more people became aware of the potential benefits of the plant. In 2018, the industry is expected to experience an even bigger boost, as consumers continue to learn more about how cannabis can help with a range of medical conditions, and as more states follow the lead of 21 states and Canada that have legalized the use and sale of the plant for medical or recreational purposes.
According to a new report by Brightfield Group, the adult-use cannabis market is projected to reach $55 million in sales in 2026, which is due to the increasing prevalence of cannabis use. The organization estimates that the market is expected to grow at a CAGR of 43.8% over the next five years.
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