The Top Global Growth Stories Creating a $130 Billion Cannabis Opportunity
Financialnewsmedia.com News Commentary
PALM BEACH, Florida, Oct. 21, 2019 /PRNewswire/ -- Earlier this year, analysts at Jefferies said the cannabis industry could become a $130 billion industry over the next 10 years. "This assumes full U.S. federal legalization, full recreational and medical legalization across Europe, full medical and recreational legalization across Lat Am, and cannabis disruption of a number of other industries," noted the analysts, as quoted by Yahoo Finance. Other big contributors to global cannabis growth include Thailand, where medicinal cannabis was approved in December 2018. According to Arcview Market Research and BDS Analytics, global spending on cannabis could reach $57 billion by 2027. In addition, Canada will legalize cannabis-based edibles, beverages, and topicals later this week. That's opening a wide range of opportunity for companies such as Nutritional High International Inc. (CSE:EAT) (OTCQB:SPLIF), Aphria Inc. (NYSE:APHA) (TSX:APHA), Tilray Inc. (NASDAQ:TLRY), and HEXO Corporation (NYSE:HEXO) (TSX:HEXO).
Nutritional High International Inc. (CSE:EAT) (OTCQB:SPLIF) BREAKING NEWS: Nutritional High International Inc. just announced it entered into a five-year binding framework agreement with Golden Triangle Health Company Ltd. to manufacture and distribute branded products in North America, effective immediately. To begin, Golden Triangle clients will import products to the US to be infused and packaged. Golden Triangle is a Thailand-based health and wellness company with a strong family of brands including Smooth-E, P80 Natural Essence, Siang Pure Oil, SLC Clinic and the Traditional Thai Herbal Association. Golden Triangle is actively soliciting additional brands from Asia to its portfolio specifically with the purpose of manufacturing and distributing CBD and Cannabis infused products in North America and once permitted, in Asia and Europe. Nutritional High will be responsible for providing North American market assessments for the Clients' products, and for those products selected will be responsible for infusion, packaging, marketing, distribution and sales of those products in jurisdictions where they are legal.
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