With legal marijuana stocks soaring, it is essential to remember how big the actual legal marijuana market is. Tilray, Inc. (NASDAQ: TLRY) is actively traded by investors. The Canadian based cannabis company is now worth more than American Air, Clorox and CBS (as of September 19th, 2018).
As impressive as that is, it should be taken in proper perspective. Arcview Market Research and BDS Analytics project that in four years the legal cannabis spending will be USD 32 Billion. The entire legal market cannabis market in four years will be smaller than sportswear and ice cream markets are now. As such, it is important to remember that this is very small but growing market should be treated as such, especially with complete U.S.A. legalization still in the works.
Headquartered in Boulder, Colo., BDS Analytics provides businesses with comprehensive, actionable, and accurate cannabis market intelligence and consumer research. The company provides a holistic understanding of the cannabis market by producing insights from dispensary point-of-sale systems through its market-leading GreenEdgeTM platform, driving consumer research with its Cannabis Insights Group, and generating market-wide cannabis industry financial projections.