The cannabis industry has the caught the attention of many as growth in the industry is expected in the years to come, according to an assessment of industry deals by FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com.

The various cannabis global markets have shown substantial growth over the past few years, and projected to continue for years to come. The increase in demand by consumers and the legalization around the world has been fueling the expansion of the needed increase in supply for flowers, recreational, medicinal, oils and infused products. The need for its source… cannabis… is driving the market to increase cultivation. Cannabis cultivation is a term that refers to the commercial growing of cannabis. A recent report from industry insider, Grand View Research projected that the global cannabis cultivation market size is expected to reach USD 358.8 billion by 2027, expanding at a CAGR of 14.3% from 2020 to 2027.  The legalization of marijuana in various geographies and its increasing adoption for medical purposes are factors driving the market for cannabis cultivation.   Active Companies active today in the cannabis related markets include:  GrowGeneration Corp. (NASDAQ: GRWG), Item 9 Labs Corp. (OTCQX: INLB), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), HEXO Corp (NYSE: HEXO) (TSX: HEXO), Silver Spike Acquisition Corp. (NASDAQ: SSPK).

The Grand View report continued with: "Growing legalization and adoption of cannabis for the treatment of chronic diseases is positively impacting the market growth. Furthermore, the liberalization of laws related to hemp and marijuana by various countries is further bolstering revenue growth over the forecast period.  Based on biomass, the hemp segment dominated the market in 2019. Factors contributing to increase in demand include increasing adoption of hemp and derived products and its growing acceptance among the users due to its low THC content. It is mainly used by people who intend to reap the medical benefits of the plant without getting intoxicated. In addition, positive government reforms regarding the utilization of hemp in many countries is further propelling the market growth."