Report: Worldwide cannabis spending expected to hit $12B in 2018
BOULDER — Global consumer spending on legal cannabis is expected to reach $12.2 billion in 2018, a significant increase from the $9.5 billion spent in 2017.
The new projections come from the “2019 Update to The State of Legal Marijuana Markets,” released by Arcview Market Research and Boulder-based BDS Analytics.
The 28 percent worldwide growth is slightly behind the growth rate made in the original SOLMM report released in June 2018. The change is likely due to Canada pushing the launch of its legal program from June to October and California’s expensive tax and regulatory…
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