Cannabis Extraction Business

 

Spending on legal cannabis worldwide is expected to reach about $50 billion by 2025 at a compound annual growth rate (CAGR) of 20% from 2020 and hit $57 billion by 2027, while cannabis market in the United States and Canada is estimated to be about $46.5 billion and other $10.5 billion would go to other markets. Cannabis Extraction Business

The North America legal cannabis market amounted to about $35 billion in 2022 with the compound annual growth rate (CAGR) at 20%. The U.S. legal cannabis sales reached $17.5 billion in 2020 and $25 billion (about $18 billion of adult-use sales and $7 billion for medical sales) in 2021. Experts estimate that 2022 sales passed $30 billion and by 2024 could be as high as $35 billion. Cannabis solventless extraction

We offer professional cannabis business plan templates, including pro forma financials and projections to help you know how much money it will cost to start your business and how much money you can make by starting and operating your 100% legally compliant cannabis business.

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