Data Shows Sales of Legal Cannabis Products Remain Strong

New data published by Verify Markets, states that the wholesale legal cannabis market in the U.S was valued at $210.7 million in 2016. The increased legalization efforts in the November 2016 elections resulted in more states approving cannabis legislation in some form, i.e., medical or recreational. Recreational initiatives were approved in California, Massachusetts, Nevada, and Maine while medical cannabis was legalized in Arkansas, Florida, and North Dakota. The report indicates that the market is expected to grow at a compound annual growth rate (CAGR) of 29.5 percent for the forecast period of 2016 to 2021 with revenues anticipated to reach $768.7 million by 2021. Cannabis Wheaton Income Corp. (OTC: KWFLF), Zynerba Pharmaceuticals (NASDAQ: ZYNE), Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP), Cara Therapeutics Inc (NASDAQ: CARA), Cannabis Sativa, Inc. (OTC: CBDS)

A research report published by New Frontier Data shows how the pharmaceutical market will be influenced by medical cannabis. “The United States constitutes 35% of the global pharmaceutical

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