Investment Analyst James Black on Cannabis Global Demand and International Interest
James Black, vice president of listings development for the CSE, talks about the international intrigue the cannabis sector is drawing
James Black says the industry is starting to see an influx of companies coming up from the U.S.; typically companies that are in a variety of sectors within the cannabis space.
“Whether they’re growing or do cannabis oils or a variety of other things,” Black says. “They’re starting to come to Canada to access these public markets, because it really isn’t a public market for them down south.”
Cannabis demand worldwide
According to New Frontier Data, the global cannabis market demand in 2018 was estimated to reach $344.5 Billion, creating growth opportunities for cannabis companies. Overall, these are the top regions with the highest demand for cannabis:
- $132.9 billion U.S. dollars in Asia.
- $85.6 billion U.S. dollars in North America.
- $68.5 billion U.S. dollars in Europe.