Research Estimates Legal Cannabis Market Will Grow in Value

According to a research report conducted by Grand View Research, Inc., the global medical cannabis market is projected to reach a value of USD 55.8 billion by 2025. After the elections in 2016, Washington D.C., along with 28 states, have legalized cannabis for medical use. The growing number of states and countries, where the use of cannabis products for therapeutic applications is accepted by law is a crucial factor that is expected to contribute to the growing demand over the next few years. Grand View Research indicates that several regulatory frameworks such as the Medical Marijuana Regulation and Safety Act, will require individuals or companies to obtain permission and also an annual state license from 2018. Companies such as growers, retail operators, and makers of processed pot products will be focused on, and an increasing number of issued licenses are also among factors helping to drive the market. Global Payout, Inc. (OTC: GOHE), mCig Inc.

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