WASHINGTON–(Small business WIRE)–New Frontier Information, the worldwide authority in information, analytics and business enterprise intelligence for the cannabis sector, in partnership with Global Cannabinoids, a top producer, manufacturer and distributor of American-Grown Hemp-Derived Cannabinoids in the U.S., releases The U.S. Cannabis Report 2019 Market Outlook. The report examines U.S. cannabis sector forecasts and trends, which includes sector income projections, illicit marketplace sizing, cannabis customer behavior, and prospective interaction with the opioids marketplace in the U.S.
“Whether an operator, researcher, or investor, I would encourage these interested in expanding their understanding of the domestic cannabis marketplace, to also appear at New Frontier Data’s Canadian and International reports, as marketplace dynamics, trends and driving forces are starting to cross borders.”
Crucial findings include things like:
- Total legal sales of cannabis in present legal states are projected to develop at a compound annual development price (CAGR) of 14% more than the subsequent six years, to attain almost $30 billion by 2025
- Annual sales of healthcare cannabis are projected to develop at a 17% CAGR by means of 2025, to an estimated $13.1 billion by 2025 adult-use sales are projected to develop at a 16% CAGR, to $16.six billion
- An estimated 38.four million U.S. adults consume cannabis at least when annually, from either a legal or illicit supply
- 36% of cannabis shoppers report utilizing cannabis every day, and 59% use cannabis at least when a week
- People today in between the ages of 25 and 44 comprise 45% of cannabis shoppers
“We have a tendency to be cautious, if not conservative in our projections, adhering to pretty rigorous information sourcing and information modeling protocols, so it is substantial that we raised our 2025 forecast in U.S. legal sales to $30 billion. Foreign investment into the U.S. cannabis sector remains sturdy and domestic consumption continues to rise, specially as new states legalize. That mentioned, it is vital for stakeholders to recognize how regulatory uncertainty, lack of accepted requirements, and international marketplace pressures might have a material and lasting financial influence in the at the moment flourishing U.S. cannabis marketplace,” mentioned New Frontier Information Founder and CEO Giadha Aguirre de Carcer. “Whether an operator, researcher, or investor, I would encourage these interested in expanding their understanding of the domestic cannabis marketplace, to also appear at New Frontier Data’s Canadian and Global reports, as marketplace dynamics, trends and driving forces are starting to cross borders.”
Visit https://newfrontierdata.com/UScannabis2019 to download the report.
About New Frontier Information:
New Frontier Information is an independent, technologies-driven analytics business specializing in the cannabis sector. It provides vetted information, actionable business enterprise intelligence and threat management options for investors, operators, researchers and policymakers. New Frontier Data’s reports and information have been cited in more than 80 nations about the planet to inform sector leaders. Founded in 2014, New Frontier Information is headquartered in Washington, D.C. with further offices in Denver, CO, and London, U.K.
New Frontier Information does not take a position on the merits of cannabis legalization. Rather, its mission and mandate are to inform cannabis-connected policy and business enterprise choices by means of rigorous, concern-neutral and complete evaluation of the legal cannabis sector worldwide. For extra info about New Frontier Information, please stop by: https://www.NewFrontierData.com.
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The post U.S. Cannabis Market Marketplace Projections Up 20% to $30 Billion by 2025 appeared initially on L.A. Cannabis News.