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Global cannabis sales for 2020 will reach $19.7 billion, an increase of 38 percent over 2019 sales of $14.8 billion — even reflecting the impact of the COVID-19 pandemic — according to updated market forecasts published by BDSA (formerly BDS Analytics).
Over the longer term, BDSA predicts global cannabis sales will reach $47.2 billion by 2025, a compounded annual growth rate (CAGR) of 22 percent.