The demand for marijuana is high. Cannabis companies are ready with a variety of products. So what’s preventing the legal cannabis market from reaching its full potential? Estimates by Grand View Research show that the global legal marijuana market could be worth $73.6 billion by 2027. And growth is quite evident from the surge in cannabis sales amid the coronavirus pandemic. 

The demand forced Canada and many states in the U.S. to deem cannabis an essential item, and sales have been rising ever since.

For medical patients, cannabis is known to help with various health issues like anxiety, depression, and chronic pain, all of which have become more prevalent during the pandemic. The cannabis industry also offers consumers a variety of products for recreational use and as substitutes for alcohol and tobacco, which aren’t considered essential products.

As with any other evolving industry, there are factors at play that hinder growth. Let’s take a look at some of them.

To read more, click on https://www.fool.com/investing/2020/08/16/1-major-problem-for-the-marijuana-industry/