Marijuana is poised to be one of the fastest-growing industries on the planet over the next decade. Worldwide sales have more than tripled to $10.9 billion over the last four years, and they could grow as much as 18-fold over the next decade, if investment bank Stifel's global sales estimate comes to fruition.
But over the next couple of months, all eyes are on marijuana legalization 2.0 in Canada. Our neighbor to the north officially launched adult-use weed sales on Oct. 17, 2018, making it the first industrialized country in the world to legalize recreational cannabis. Now, one year later, derivative cannabis products are readying to launch. Derivatives are nondried-flower products, such as edibles, vapes, infused beverages, concentrates, and topicals.
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