Search Results for: Arcview Market Research

Cresco Labs Enters Florida – Will Have Access to 65% Of The Total Addressable U.S. Cannabis Market

VidaCann Fla

ILLINOIS: Cresco Labs Inc., one of the largest vertically integrated multi-state cannabis operators in the United States, today announced that it is entering the Florida market through the signing of a letter agreement to acquire the ownership interests or assets of VidaCann Ltd. and/or affiliated entities, one of the largest and most advanced providers of medical Read the full article…

Cresco Labs Receives Approval To Enter The Michigan Market

shutterstock_116618575

ILLINOIS:  Cresco Labs Inc., one of the largest vertically integrated multi-state cannabis operators in the United States, today announced that it has completed the most comprehensive portion of Michigan’s application process, being pre-qualified for a cultivation and processing license by the Department of Licensing and Regulatory Affairs Medical Marihuana Licensing Board. The pre-qualification represents the Read the full article…

Arcview Co-Hosts Hong Kong’s First Ever Cannabis Investor Symposium

Arcview Investor Forum comes to Hong Kong

CHINA: Hong Kong’s first-ever Cannabis Investor Symposium will take place on November 1, 2018 at the W Hotel. The one-day gathering is hosted by The Arcview Group, CannaTech and URI Capital Management. The Cannabis industry is the fastest growing market in the world and the legal cannabis business is expected to generate $57 billion globally by Read the full article…

CBD And Legal Cannabis Market On The Rise

CBD and Legal Cannabis Market On the Rise

NEW YORK: A recent report by Arcview Market Research indicates that consumer spending on legal cannabis in North America is outpacing previous estimates. The report projects that retail cannabis sales will grow 33% from 2016, to about $10 billion this year. The data published projects that by 2021 the legal cannabis market will reach a value of $24.5 billion and at Read the full article…

Legislation Key For The Legal Cannabis Market

The global cannabis market in 2016 was 14+ Billion

NEW YORK: The global legal cannabis market was valued at $14.3 billion in 2016 and is forecast to grow at a CAGR of 21.1% between 2017 to 2024, reaching $63.5 billion by 2024, according to a report by Ameri Research. The market is going through a period of robust growth thanks to increasing legalization and decriminalization of cannabis products across North Read the full article…

Latest Arcview/BDS Data: Cannabis Consumer Spending Outpaces Industry Estimates

Jenny Carbon, Always Greener Redmond, WA

NEW YORK: Arcview Market Research reports that consumer spending on legal cannabis in North America is outpacing previous estimates. The report indicates that retail cannabis sales will grow 33% from 2016 to nearly $10 billion this year. By 2021 the legal market is expected to reach $24.5 billion, at a 28% compound annual growth rate (CAGR). Arcview also reported that according Read the full article…

Revenue Growth In The Legal Cannabis Market

Dank Denver

NEW YORK: A research published by Arcview Market Research indicates that people in North America spent $53.3 billion on legal, medical, and illicit cannabis in 2016. The North American legal cannabis market posted $6.7 billion in revenue in 2016, or up 30% from the year before. The illicit market generated 87% of total pot sales, down from 90% in 2015. The Read the full article…

Legal Cannabis Market Gaining Traction

medical marijuana

NEW YORK: The global medical marijuana market is expected to reach a value of USD 55.8 billion by 2025, according to a new report by Grand View Research, the report indicates that together with Washington D.C. 28 states have legalized marijuana for medical uses. In 2016, states such as Arkansas, Florida, North Dakota, Ohio, and Pennsylvania were approved to use the drug in medical applications such as chemotherapies Read the full article…

Legal Cannabis Market Projected to Grow as Consumers Spend More

Marijuana is big business

NEW YORK: Legal cannabis sales in the North American market are expected to grow rapidly as consumers spend more every year on legal cannabis. According to a new report from Arcview Market Research, people in America and Canada spent $56.4 billion on cannabis in 2016, while about $6.9 billion came from the legal recreational and medical cannabis market, a 34 percent up Read the full article…

2017 Legal Cannabis Market Developments

Legal cannabis hit $6.4B in 2017

NEW YORK: The future of the legal cannabis market depends on a variety of factors. Politically, some have expressed concerns regarding the incoming elected administration, others feel more optimistic after nine states have voted this election cycle. The results overwhelmingly came in favor of legalization of cannabis for medical and recreational use. Economically, the industry has Read the full article…