December 11, 2018 Feature

Cannabis: Legal and Business Issues Abound in a Growing Industry

By Michael W. Drumke

Around the globe, cannabis is poised to move from a nascent industry to multi-billion-dollar-a-year business over the next 10 years, according to research cited in Forbes Magazine. https://www.forbes.com/sites/thomaspellechia/2018/03/01/double-digit-billions-puts-north-america-in-the-worldwide-cannabis-market-lead/#2cd572a36510. Spending on legal cannabis worldwide is expected to hit $57 billion by 2027. The adult-use (recreational) market will cover 67 percent of the spending; medical marijuana will take up the remaining 33 percent.

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