- Cannabis industry saw 45.7% increase in legal cannabis sales last year
- Interview with PLUS highlights strong start to 2020
- Building a brand in largest competitive market has proven company quality and standards; setting up expansion into new markets
Legal cannabis spending worldwide increased from $10.2 billion in 2018 to $14.9 billion in 2019, making for a 45.7% increase driven primarily by the adult-use markets, reports the Arcview Group, a market research firm that specializes in cannabis. Arcview is now forecasting sales worldwide to reach $42.7 billion by 2024. This is exciting news for Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), an edible cannabis company that has sustained its position of number one gummy brand for more than six quarters in California, one of the most competitive cannabis markets in the world.
“The possibilities are boundless as political progress opens up more markets across the world, and struggling markets sort out their regulatory framework,” Troy Dayton, founder and chief strategy officer at the…
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