Latin America is in position to grow into one of the largest medical cannabis markets in the world.
According to The LATAM Cannabis Report™ from well-respected market research firm Prohibition Partners, medical cannabis sales in Latin America will explode to $8.5 billion in the next ten years, up from just $125 million in 2018.
The report suggests that Latin American growers could undercut the entire global cannabis market because of three key factors:
- inexpensive land
- ideal weather conditions for growing cannabis
- access to cheap labor
This potential low-cost alternative to cannabis cultivation in Canada and North America has the potential to transform Latin America into a global leader in cannabis exports.
Additional key details from the report: Continue reading "Rare Colombian Cannabis Stock up 71%"