The Cannabis Industry

Industry

Summary - Cannabis is the fastest growing industry in the United States and the market presently stands at US$10 billion per year. It is anticipated that at maturity, the global market for cannabis will exceed US$500 billion.

Description – Sales of cannabis products increased by over 700% in the last 12 months in the United States. This can be traced back to a scientific breakthrough in the end of the 20^th century, when the Endocannabinoid System (ECS) was discovered in human beings. The ECS is considered one of the most important human functions and its main role is to maintain homeostasis (balanced health) therefore, cannabis is now viewed as one of the most important and versatile medicines of all time. A whole now world is rapidly emerging on the multiple benefits of cannabis, on health, on social structures and on government regulations. The number of conditions treated using medical marijuana is growing rapidly