A new Kryptoszene.de infographic sees the demand for marijuana stocks is at its annual low, while the industry is expected to demonstrate a substantial sales growth of up to 432% in the upcoming years.
From 2015 to 2019, the sales of cannabis-containing beverages in Canada increased by around 26%. However, analysts expect a much more substantial rise in the next few years, as shown by the infographic. By 2025, the sales can rise to 162.5%. For sweets with cannabidiol (CBD), the anticipated growth is even higher – 432%. In January 2019, the sales of medical cannabis in Germany generated 8.23 million euros. A few months later, in October 2019, sales were already at 12.44 million euros marking an increase of more than 51%.
Particularly high are the sales of various cannabis products (including oil). Here, sales increased by about 75% between January and October 2019.
First legal Cannabis Harvest in Germany
While it still seems uncertain whether Germany will legalize cannabis for leisure purposes any time soon, in a few months, marijuana will be legally harvested for the first time in the history of the Federal Republic. Last year, the Federal Institute for Drugs and Medical Devices issued licenses for a total of 2.6 tons of medicinal marijuana. Although the recent developments seem to give investors hope, the demand is nonetheless for industry stocks at a remarkably low level. According to the infographic, the search on Google for „cannabis stocks“ is at its lowest in the last 365 days. In the last week of February, the Google trend score was at 27. 0 stands for the lowest demand, 100 – for the largest possible relative search volume.
The development of Canopy Growth, Tilray & Co. could also be influenced by legalization or bans in one direction or another. Nevertheless, given the industry growth rates, even the most optimistic cannabis stock forecasts are not taken out of thin air.
