It's hard to predict the future, but there are few people who don't expect cannabis to emerge as a major consumer category in the next decade, with both start-ups and well-established CPG companies competing to provide health and wellness, as well as lifestyle products, once the legal landscape becomes clearer.
In the U.S., legal marijuana could reach $47 billion a decade from now, with some projections putting that number closer to $90 billion by 2028. In addition, there are estimates that more than $20 billion annually will be spent on hemp-derived health products, most notably CBD (Cannabidiol), by 2022.
The...