The research and market research institute Euromonitor International estimates that the global trade volume of tobacco / cigarettes rerached in 2017 the gigantic amount of US$ 699.4 billion. This amount includes a total of 5,400 billion cigarettes! According to statistics from the online portal www.statista.com, the American tobacco market alone has a volume of US$ 120 billion.
We are confident that the current tobacco smokers will switch over time to CBD cigarettes or THC products in the next few years, as long as the legal situation in the state / state allows.
Cannabis will completely disrupt the global tobacco market and conquer tangible market shares – the editorial team of Cannabisradar.de will analyze for you the most promising cannabis companies, which will especially benefit from the global megatrend of cannabis in the smoker sector!
Our assessment is supported by a recent Gallup survey. For example, it is expected that the tobacco consumption by adults in USA is around 15% and therefore at a 75-year low, while the proportion of US adults consuming cannabis has grown to 12%. As late as 1950, 45% of adults in surveys reported consuming tobacco. This Cannabis vs. Tobacco trend is also recognized by tobacco companies!
Thus, the first tobacco companies have already started investing into cannabis companies:
The tobacco giant Altria (known also for their Marlboro brand), paid $ 1.8 billion in December 2018 for a 45% stake in the Cannabis company Cronos Group.
Last week, Auxly Cannabis Group announced that the world’s fourth largest tobacco company Imperial Brands will invest a total of $ 123 million through a convertible bond. Auxly becomes the exclusive partner of Imperial Brands in the field of cannabis.
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