RE: Prise is on the up16 Jun 2021 18:46
Should have no trouble selling remaining seeds now.
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Washington, June 16, 2021 (GLOBE NEWSWIRE) -- New Frontier Data
(https://www.globenewswire.com/Tracker?data=ykWw4_dyujvN34P1024LuKb5TXR7PbJVR-uGiAePxVNcvOoo7UTy3uR7ppB5OAjtXtmqb5OBBhrEeaGSBu4XaHJtM8k-iwyBCvUHKihIahg=)
(https://newfrontierdata.com), the premier data, analytics and technology
firm specializing in the global cannabis industry, in partnership with global
law firm Dentons, releases its latest report, Cannabis in the U.S. 2021
Mid-Year Market Update, providing the most recent market trends and figures
following expanding legalization efforts nationwide as well as the newest
projections for 2021 and beyond.
With 10 newly legalized markets expected to begin sales in 2021 or 2022, New
Frontier Data projects total legal cannabis sales to grow at a compound annual
growth rate (CAGR) of 16%, to reach $43 billion by 2025. The study further
reveals that 2020 illicit national cannabis demand and consumption is
estimated to be over $65 billion.
“After close to a decade tracking, analyzing and modeling legal cannabis
market shifts, we continue to see and report with confidence significant
economic opportunities in the U.S., as legal market spending experiences
consistent year-over-year double digit growth,” said Giadha A. DeCarcer,
Founder and Executive Chair of New Frontier Data. “We expect the second half
of 2021 to be especially interesting given market consolidation reaching a
culminating point, and the large investment influx expected to fuel market
growth and expansion.”
Key Report Findings:
* By 2025, 42% of total annual U.S. cannabis demand is projected to be met by
legal purchases in regulated marketplaces, up from 24% in 2020, fueled by both
a continued rise in legal market spending as well as the conversion of
existing illicit market consumer spending to legal regulated sources.
* 141 million Americans, or 43% of the adult population, reside in 18
adult-use states, representing a diverse and widely distributed consumer base
for retailers to segment and target.
* By 2025, 5.4 million Americans, or 2.4% of U.S. adults will be registered
patients in medical cannabis states.
* As of May 2021, capital raises in cannabis have more than tripled, reaching
$6 billion, signaling increased confidence in projected aggressive cannabis
market growth.
Download a complimentary copy of Cannabis in the U.S. 2021 Mid-Year Market
Update here:
https://info.newfrontierdata.com/u.s.-cannabis-report-2021-mid-year-update
About New Frontier Data:
New Frontier Data is the premier data, analytics and technology firm
specializing in the global cannabis industry, delivering solutions that enable
investors, operators, advertisers, brands, researchers and policy m