Last year the global legal cannabis market was estimated to be worth USD12 billion but it is tipped to rise to over USD166 billion by 2025.
Liberalisation of the legal framework for cannabis is a significant driver for this growth. Since 1 November 2018, the UK has joined the ranks of over 30 countries legalising medicinal cannabis and there is also movement in some jurisdictions to liberalise laws relating to recreational use.
These developments have generated significant interest and investment from major players in the pharmaceutical and consumer product sectors (including tobacco and foodstuffs). Financial investors are similarly considering opportunities both within the UK and overseas.
To read our article discussing the current regulatory regime in the UK regarding legalised cannabis, and assessing the opportunities and risks for UK investors seeking to enter the legal cannabis markets overseas, please click here.