Sherman Oaks-primarily based Key Development Partners, an advisory group focused on the cannabis market, presented its California Trend Report on Wednesday, highlighting anticipated development prices for the market.
Michael Apstein, founding companion at PGP, spoke at the Southern California Cannabis Organization Investment Group’s month-to-month meeting in downtown Los Angeles, along with Chris Hickock, fellow PGP companion and cannabis lawyer.
Apstein and Hickock anticipate a 15 to 35 % raise in compounded annual development prices for recreational cannabis, toward a $100 billion marketplace. The U.S. is anticipated to be the dominant marketplace as worldwide legalization grows.
“It’s simple to say the cannabis market is a cutting-edge market, but the truth is that it can reduce each approaches. Effectively analyzed information and facts is necessary to obtaining on the correct side of the reduce,” mentioned Apstein at the occasion. “As the market continues its shift to company normative requirements of overall performance, thoughtfulness about approach, brand, marketplace segmentation and operational consistency may well effectively grow to be the dividing line amongst accomplishment and failure.”
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