Global Market Opportunity
One of the most important things that need to be kept in mind with regards to Cannalogue is the fact that it is a highly scalable company, and eventually, it wants to expand into the rest of the world. Legalization of medical cannabis has already taken place in some of the world’s largest economies, and there lies an enormous opportunity for a company like Cannalogue to cash in.
The United States is obviously the largest prize there is for any product, and according to estimates, the medical cannabis market in the country is expected to grow significantly. In 2020, it is expected to grow into a $14.5 billion market at a CAGR of 13.7%. Projections suggest that in 2025 the market could be worth as much as $23 billion.
The company is planning to first expand across the country in the hemp-derived medical cannabis space. Hemp is now legal across the United States. Eventually, it aims to expand into all the states in which medical cannabis has already been legalized. It is a massive opportunity and one that Cannalogue is determined to tap into.
The of Medical Cannabis