Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com


North American #Marijuana Sales to Top $20.2 Billion by 2021, Grew 30 Percent in 2016

New methodology to Arcview's annual projections based on new POS transaction data, first time Canada included

 

OAKLAND, Calif. - January 6, 2017 (Investorideas.com Newswire) Arcview Market Research, the leading publisher of cannabis market research, released a new 2016 North American cannabis market size estimate as well as projections for the market through 2021, while announcing the availability of presales of its 5th edition of the State of Legal Marijuana Markets Report. The executive summary of this groundbreaking report will be released on January 16th at Arcview's private Investor Forum in L.A. The full 200+ page report will be released in February. This first of its kind report finds that regulated marijuana sales in North America totaled $6.7 billion in 2016, a 30 percent increase from 2015. Sales are projected to grow at a compound annual growth rate of 25 percent, from $6.7 billion in 2016 to an estimated $20.2 billion by 2021.

The new and revised market projections rely on a new proprietary bottom-up point of sale foundation with millions of individual consumer transactions from dispensary partners in the largest legal cannabis markets across the country created by BDS Analytics.

This is the first time Canada is included in Arcview's annual market estimates and projections, thus referring to it as a North American number.

"No estimation of the size of the legal cannabis industry is complete without recognizing the new massive role Canada's market will play as it moves toward legalizing adult use," said Tom Adams, Arcview Market Research's new editor-in-chief. "The only consumer industry categories I've seen reach $5 billion in annual spending and then post anything like 25 percent compound annual growth in the next five years are cable television (19 percent) in the 1990s and the broadband internet (29 percent) in the 2000s."

"The biggest game changer for the future are the four new states that approved adult-use measures; 21 percent of the total US population now live in legal adult-use markets," continued Adams. "Spending in the largest three adult-use markets (CO, WA and OR) was up 62 percent through September after doubling in 2015, fueled in large part by the sudden popularity of alternative ingestion methods such as edibles and concentrates."

"You will not find another multi-billion-dollar market growing at 25 percent anywhere in the world that is not already filled with multi-national companies and institutional investors. That's part of what makes the cannabis industry such a unique opportunity for investors and entrepreneurs," said Troy Dayton, CEO of Arcview Market Research.

Arcview's upcoming Investor Forum for high net worth accredited investors will take place January 16-18, 2017 in Los Angeles, CA. For more information on the event and Arcview Investor Network, please click here. Prior authorization for press access is required.

About The Arcview Group:

Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. Arcview Market Research is the first and most oft-cited publisher of market research on the cannabis industry. The Arcview Investor Network includes 600+ dues-paying accredited investors who have put more than $91 million behind 135 companies. Arcview is a partner in Canopy, a seed-stage mentor-driven business accelerator. Arcview is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. For more information or media inquiries, please visit www.arcviewgroup.com.

About BDS Analytics:

BDS Analytics helps cannabis industry executives make quality decisions based on the best data by capturing millions of transactions from dispensary point-of-sale systems and then mining that data for the most actionable insights. For more information please visit http://www.bdsanalytics.com.

Contacts

for The Arcview Group
Alex Howe
202.271.7997
alex@powerplantstrategies.com


Marijuana / Hemp Stocks

Like Marijuana Stocks? View our Marijuana / Hemp Stocks Directory

Join our Group on Linkedin - Marijuana / Hemp Stocks - News and Trends in Green Investing

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner