Data Shows that the Global Legal Cannabis Market is Set to Increase in Value

According to a recent report published by Forbes, Brightfield Group projects that the global cannabis market was worth $7.7 billion in the end of 2017, and is projected to reach $31.4 billion by 2021. The United States accounts for about 90 percent of the whole market. But the U.S. domination of the market is likely to decrease to approximately 57 percent due to legalization of cannabis products in other nations. Canada is considered as one of the largest markets for cannabis products and plans to legalize recreational cannabis later this year. Recently this year, California voted in favor of recreational cannabis laws, which were officially implemented on January 1st, 2018. WeedMD Inc. (OTC: WDDMF), Innovative Industrial Properties, Inc. (NYSE: IIPR), 22nd Century Group, Inc. (NYSE: XXII), GW Pharmaceuticals plc (NASDAQ: GWPH), Organigram Holdings Inc. (OTC: OGRMF)

California gets the media attention and Canada gets the investment dollars as they allow adult use, but

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