BIS Research - Emerging Technology Market Intelligence

Cannabis Market in North America is Poised to Grow Over $20.67 Billion By 2020

Sep 1, 2015 2:01:22 AM / by BIS Research posted in cannabis market in North America, cannabis industry players, marijuana market trends, Electronic Cigarette


The multi-faceted applications of cannabis and its derivative have brought about significant changes in the perception of marijuana globally. While key geographies across the globe are striving to legalize marijuana for medical usage, recreational or adult use of the same is also gaining significant traction primarily in the North American region. With more than 23 states and District of Columbia legalizing medical marijuana, and the increasing application base of industrial hemp, the cannabis market in North America is poised to grow over $20.67 billion by 2020 at double digit CAGR through 2015 to 2020.  

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