Deep Dive 15 minutes PremiumThe Cannabis Industry and the New Green Economy Update: Consolidation and Maturity a Threat to Smaller Businesses Despite the Market Growing Fast Coresight Research August 29, 2018 Executive SummaryThe fast-growing cannabis industry continues to offer business opportunities, but the first signs of maturity and consolidation are appearing. In this report, we provide an overview of the regulated cannabis market in the US and Canada. Key findings include: Legal recreational cannabis sales in the US are expected to increase 80% to $4.2–$5.1 billion in 2018, according to Marijuana Business Daily, but the first signs of maturity are starting to materialize in pioneer states such as Colorado. The recent legalization of cannabis for recreational use in California should be the main driver for the industry in the US. The California market for recreational cannabis is forecast to grow by 79% in 2018 to $1.4 billion, according to New Frontier Data. The market in Canada, which is opening up to legal recreational use, is expected to reach $1.7 billion in 2019. The regulatory environment in Canada enable cannabis companies to grow more than their US counterparts. Firms including Canopy Growth and Aurora Cannabis are multi-billion-dollar public companies pursuing consolidation strategies. We are seeing increased consolidation in both the US and Canada cannabis industry and this is likely to threaten the survival of smaller companies trying to make their mark. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Research Preview: Market Navigator—US Grocery RetailingWeekly US and UK Store Openings and Closures Tracker 2023, Week 43: Z Gallerie Drives Additional US Store ClosuresRetail 2024: Top 10 Trends in Retail TechnologyThree Data Points We’re Watching This Week: US Retail Focus