Cannabis’ Economic Impact to Expand With Emerging Markets

According to a research report provided by Marijuana Business Daily, cannabis retail sales continue to grow year-over-year as new markets emerge and more states legalize medical and recreational cannabis. Sales in 2018 are expected to surge by approximately 50% compared to last year, meaning sales value is on track to reach USD 8 Billion – USD 10 Billion by the end of this year. The research also estimates that by 2022, annual retail cannabis sales in the United States could top USD 20 Billion, a 200% increase from 2017. As for the economic impact that the new growing industry is set to have, the data predicts an estimated USD 28 Billion – USD 34 Billion economic impact in 2018. WeedMD Inc. (OTC: WDDMF), Intec Pharma Ltd. (NASDAQ: NETC), Therapix Biosciences Ltd. (NASDAQ: ... read more at: https://www.prnewswire.com/news-releases/cannabis-economic-impact-to-expand-with-emerging-markets-685558272.html

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