Extracting Value

With $7 billion, you could buy the Buckingham Palace seven times. Or you could own the majority of the global cannabis extraction market in 2019, worth a whopping $7.3 billion according to Grand View Research (GVR).

The extract market is exploding, with GVR predicting a compound annual growth rate of 16.6% from 2020-2027. New Frontier Data Senior, noting “If you look to the U.S., it was not uncommon to see 75% of the market consuming cannabis flower years ago, but as product offerings became more differentiated, we saw the market for flower drop to around 40% and the market for oils surge to over 60%.”