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Global cannabis sales expected to double to US$51B by 2025

Increasing social acceptance and expanding legal access is expected to drive a doubling of worldwide cannabis sales by 2025, forecasts a new report from Washington, D.C.-based New Frontier Data.

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The data, analytics and technology company teamed with TSRGrow, FTI Consulting and SoRSE to release The Global Cannabis Report: Growth & Trends Through 2025, which covers 23 regulated medical cannabis markets and six adult-use markets in 24 countries. It also includes an analysis of annual global cannabis demand based on usage rate, pricing and consumer spending data sourced from legal and illicit markets across all 217 countries.

Looking specifically at high-THC cannabis, a New Frontier Data

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