Massive Opportunity
There are 263 million cannabis users all across the world, and the total value of the global cannabis market is pegged at $344 billion at this point. On the other hand, the CBD market in the United States alone is growing at the compound annual growth rate of 107%. Hence, it is quite clear that a massive opportunity exists for Cannalogue to corner a major portion of the market through its comprehensive e-commerce platform.
Moreover, the fact that people are more inclined towards online options is also a factor behind the bullishness of many regarding the company’s prospects.