Millions Invested by Cannabis Sector into Latin American Markets Projected to Soon be Worth Billions
While the markets are waiting intently for the widespread legalization of cannabis in Canada, the sector’s largest players are already starting to look south at Latin America. Seen as a logical next frontier, Latin American markets are beginning to steadily embark on paths to legalization—including the already fully legal market in Uruguay, a thriving medical marijuana market in Colombia, and the newly blossoming medical marijuana market in Mexico.
According to the newly published LATAM Cannabis Report from market intelligence and advisory group Prohibition Partners, legal cannabis sales in Latin America are worth $125 million in 2018—but that number is expected to rise to $12.7 billion by 2028.
Canada’s biggest cannabis players aren’t blind to this potential. Armed with Spanish/English dictionaries, ...View the full post at: Millions Invested by Cannabis Sector into Latin American Markets Projected to Soon be Worth Billions ...
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