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Bullboard - Stock Discussion Forum Heritage Cannabis Holdings Corp HERTF

Heritage Cannabis Holdings Corp. is a Canada-based cannabis company offering products to both the medical and recreational legal cannabis markets in Canada and the United States. It focuses on extraction and the creation of extract and extract-derivative products and brands for adult use and cannabis-based medical solutions. It has a portfolio of cannabis products under the brands Purefarma... see more

PINL:HERTF - Post Discussion

Heritage Cannabis Holdings Corp > CANN.C NEWS FROM THE US
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Post by Charts1 on Jun 02, 2021 8:52am

CANN.C NEWS FROM THE US

The U.S. legal cannabis industry is on track to hit $25 billion by 2025, according to the latest forecast from cannabis analytics firm New Frontier Data.

The research and data firm on Friday released revised industry sales projections, predicting that the $8.3 billion U.S. medical and recreational marijuana industry will grow at a compound annual growth rate of 14.7 percent, to an estimated $25 billion by 2025.

That $25 billion should be split equally between medical and recreational cannabis, New Frontier officials said.

Medical marijuana sales are expected to grow from $5.1 billion at a compound annual growth rate of 11.8 percent. Recreational sales should see accelerated growth, increasing from $3.2 billion at a compound annual growth rate of 18.4 percent.

“With a number of states expected to advance cannabis legalization measures in the next 24 months, more Americans will be able to access legal cannabis in the years to come, making this a watershed 4/20,” Giadha Aguirre De Carcer, New Frontier Data’s chief executive officer said in a statement.

Full details of the projections were not initially available. The data released Friday are part of New Frontier’s 2018 industry outlook report, scheduled to be released in May.

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