Legal Cannabis Industry Has Positive Projections

According to a report from Brightfield Group, the global cannabis market is currently valued at about USD 7.7 Billion and is projected to reach USD 31.4 Billion by 2021. The United States accounts for about 90 percent of the whole market, but its domination of the industry is anticipated to decline to approximately 57 percent due to the legalization of cannabis products in other nations. Canada is considered to be one of the largest markets for legal cannabis products, and it plans legalize recreational cannabis later this year. Meanwhile, in the United States, California’s new recreational cannabis laws were officially implemented on January 1st, 2018. Data published by Hexa Research shows the U.S. medical cannabis market size was valued at USD 5.44 Billion in 2016 and is projected to hit USD 19.48 Billion by 2024. Scythian Biosciences Corp (OTC: SCCYF), Insys

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