MSO Cult losing their minds today ~ Bank of America It was a significant move for the financial industry and the cannabis industry when Bank of America Merrill Lynch (BAML) released a 62-page report entitled “A cannabis world… and more people are living in it.”
The opening line “Cannabis has been vilified, but as governments re-assess economic, social, and medical benefits, we estimate a global $166bil industry is emerging from the shadows,” sets the overall tone of the highly informative and detailed report that covers a global financial current snapshot and future projections along with a high degree of cannabis education as a necessary accompaniment.
Green Market Report combed through this detailed report to find some poignant highlights brought forth by Bank of America Merrill Lynch in their analysis of the growing global cannabis market:
Global Current Worth and Future Worth
The report estimates the total addressable market (TAM) to be $166 billion, with $150 billion being housed in illicit markets. This is comparable to BDS’ estimate of the current legal market worth being $15 billion in 2019.
Global Cannabis Market Cap
With the top 4 cannabis companies in the WORLD being Canadian Licensed Producers (LPs), the current global cannabis market cap is $150 billion across 150 companies worldwide.
We expect share performance to correlate with the pace and scope of global cannabis legalization. We view Canada as a test market where companies can develop best practice. Long term, the best performing Cannabis stocks we be those that can grow profitability Globally