Recent data collected by Grand View Research, Inc., shows that the global legal cannabis market is expected to reach USD 146.4 Billion by end of 2025. The increasing adoption of cannabis as several medical remedies for illnesses such as cancer, mental disorders, chronic pain, among others, is expected to propel revenue growth in the near future. The report also indicates that high public and private investments for research and development for safer ways of ingesting cannabis products such as, tinctures, oils, vapes and edibles, are expected to positively reinforce market growth.
Canada had passed a nationwide legalization of recreational cannabis usage, following Uruguay to become just the second nation to do so. The new laws are expected to create an innovative environment. This is where we see innovation really happen because it becomes the survival of the fittest, and to survive you're going to have to figure out how to scale, how you can be more efficient, how you can save costs. #IsolLong