Podcast Interview with Troy Dayton, #Arcview Group Discussing the Future of #Cannabis Globally
"In #Germany Cannabis is actually going to be on the same playing field as Pharmaceuticals" - Troy Dayton
Pt. Roberts, WA; Delta, BC - May 9, 2018 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks, releases an exclusive podcast discussion with Troy Dayton, CEO and Founder of the Arcview Group, from the recently held Arcview Investor Forum in Vancouver B.C.
The Arcview Group's Investor Pitch Forum, held at the Westin Bayshore in Vancouver, Canada from April 30th to May 2nd, brought together over 200 high-net investors with cannabis thought leaders and companies at the forefront of the new space. The conference comes at a time when Canada is months away from legalization and the U.S. is increasingly gesturing toward market liberalization.
Commenting on the state of the North American cannabis market, the Arcview Group's CEO and Co-Founder, Troy Dayton, attributed growth trends to the legislation that has already been changed.
"This market's growing at about a 27 percent compound annual growth rate in North America," he said. "That's about a $10 billion USD market today, growing to about a $24 billion USD market. Most of that is not from new laws changing, this is from laws that have already changed. So, when you start looking at what's going to change in the next few years you will see that impact on the market out into 2022, 2023, 2024..."
Internationally, Dayton forecasts slower overall growth, but notes that many markets won't be stifled by U.S. style federalism when it comes to legislation.
"When you look at the global market, we're predicting that it's going to be about a $57 billion USD legal market in the next 10 years," he said. "So it's going to move a little slower but when it changes you don't have the state-federal conflict."
He also noted, "What's happening in Germany is very interesting. They are going to have medical cannabis covered by insurance. Cannabis is actually going to be on the same playing field as pharmaceuticals."
He also points out Agtech will be a huge opportunity in the sector.
Listen to the Troy Dayton, Arcview Group Podcast http://www.investorideas.com/Audio/Podcasts/2018/050818-TroyDayton.mp3
Troy Dayton, CEO of Arcview Group – why you should be watching Germany; Cannabis and AgTech - a Huge opportunity
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About The Arcview Group https://arcviewgroup.com/
Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. The Arcview Investor Network includes more than 600 accredited investors who have put more than $160 million behind 170+ companies. Arcview Market Research publishes the State of Legal Marijuana Markets report, which is the most oft-cited market data report. In 2015 Arcview became a partner in Canopy, the first 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.
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