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A Blunt Assessment of the Budding Industry

Published September 23, 2019


  • Global cannabis sales are forecasted to grow from $150 billion to $231 billion over the next 15 years, driven by a projected doubling of revenue in the U.S. and Canada as well as 27% growth for the Rest of the World.

  • With two-thirds of U.S. states having legalized Medical cannabis and a growing number having given the green light to recreational usage, growing bipartisan support at the federal level and polls showing that 60%+ of U.S. adults support legalization, federal “deschedulization” is appearing increasingly likely, which we think favors WEED-T.

  • If U.S. legalization or deschedulization occurs, we think market oversaturation (similar to what is currently happening in Canada) will present the greatest threat to cannabis companies and therefore, only the largest, lowest-cost and most well-capitalized producers will succeed.


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