 Hey guys, this is rich from rich TV live and today I want to talk to you about an article that was talking about how Big the cannabis sector is going to become this was written and produced by B&M Bloomberg and The title is global cannabis market could be worth up to 130 billion by 2029 says Jeffries the global cannabis industry could be worth as much as us 130 billion a decade from now if a wave of legalization sweeps the US Europe and Latin America According to report by New York based investment bank Jeffries Group LLC Which initiated coverage of companies several companies in the space on Monday Jeffries projection for the global pod sector is based on the prospect that in the coming years The US and all the countries in Europe and Latin America will legalize cannabis for recreational and medical purposes As well as the potential penetration of other industry sectors in those markets such as pharmaceuticals alcohol health and wellness and pet care This is I'm going to show you guys all The major markets. Okay, so these are the major three markets. This is the tier three Market of cannabis companies and look a lot of green yesterday These are the smaller companies that are on their way up and almost every one of them was green yesterday secretly quietly making big moves now That is the smaller LPs. That's the tier three This here is the tier two LPs as you could see hexo was up 3% New strike was up slightly only 1% only at 45 cents the cheapest of all these companies Fire at $2 was down 1% and chrono's group at $29 in Canada was down 2% And if we look at the top tier one LPs Organogram led the way at $8.85 up 4.86 percent Aurora cannabis was second at $10 and 37 cents of 1% Can it be growth at $60 up slightly and Can trust after going to the senior exchange down slightly at $11 and 13 cents and aphria Down 1% at $12 and 76 cents. So the entire industry has so much upside and the liberal the liberal eyes The liberalization of the cannabis space in those markets is estimated to be worth about us 80 billion by 2029 and is added on top of Jeffrey's base valuation for the global cannabis industry of us 50 billion by 2029 a conservative figure that only includes the 22 countries that have already legalized marijuana for medical or recreational purposes And we know in 10 years. It'll probably be at least double if not triple the amount of countries For the sake of prudency and due to a lack of visibility around the likelihood and timing of law changes in other markets These projections only capture major markets and US states where cannabis is currently fully legalized the wide-ranging 254 page report authored by Jeffries analyst Owen Bennett and Ryan Tomkins said given the prudent approach to our base We would flag a reasonable chance that numbers could actually come in ahead of our projections, and I believe they will With its more conservative us 50 billion valuation Jeffries expects the US will emerge as the biggest cannabis market in the world by 2029 worth us 21.7 billion compared to its estimate of just US 5.8 billion for Canada. Wow, that's four times the size I believe it'll be more than four times the size because it's ten times the population I think it'll be more like ten times the size of Canada once it once it ramps up The rest of the world's pot market is estimated to be worth just three billion in the next ten years American the firm added Not sure if I agree with that number Jeffries also took into account the value of the current global illicit market, which it estimates to be between us 150 billion to us 200 billion the current legal cannabis market is valued to be us 12.3 billion which would make today's total pot market worth up to 210 billion Wow the above scenario materializing any time soon is highly unlikely However, Jeffrey said first you would need all global markets to become legal And then you would require all illicit users to switch over both are not going to happen the firm initiated coverage of nine cannabis companies including canopy growth Aurora cannabis Chronos group hexo can't trust it views canopy and Aurora as being the best Paste the best place to dominate on a global basis in the years ahead The two biggest players in the world However, when it came to evaluating the value of cannabinoidal CBD market, Jeffries took a more bearish perspective perspective relative to other forecasts Jeffries expects the global CBD market, which is likely to be focused on the US for the near future worth us 3 billion in the next three years and just us 4 billion by 2029 The forecast differs from a separate report released by Cohen and company on Monday That addressed the growing us CBD market forecasting it would be worth us 16 billion by 2025 I agree with Cohen and company way more than Jeffers I'm not sure where Jeffries gets their numbers CBDs is going to be ginormous Up from about us 600 million last year Cohen analysts derived that figure by assuming 10% of the US population would use CBDs products and spend an average of us 640 per person and I heard a report saying they're already seven percent of all us residents Are currently using CBD? So I don't think going from seven percent to 10 percent in the next six years is unheard of It might even be higher by then We view this estimate as somewhat conservative as we can envision a scenario where a consumer that uses a CBD tincture or capture Capsule may also be inclined to convert his or her beauty regimen to include CBD Example CBD infused beauty products and or use a topical for targeted relief as well Cohen said in its report last month Canopy growth announced its formal entry into the u.s. CBD market by pledging to spend up to 150 million us American dollars on its first production facility after was granted a hemp license by new york state Meanwhile in the neymal bc base tillray ink has recently announced a slew of CBD product deals including its acquisition of hemp food maker manitoba harvest for 419 million and a 10-year revenue sharing agreement with Brands group. What do you think of this news? What do you think about this article? The future looks bright for the cannabis sector whether it's cannabis whether it's cbds The future looks bright and look how many companies there are to watch Look how many companies there are to invest in and look how many companies there are to buy And don't worry your boy rich will be watching them every single day will be hunting bottoms And we'll be watching for momentum every single day now if you're not winning you're probably not watching This is your boy rich from rich tv live. Thank you for watching. Smash that like button Comment down below now. Remember rich tv live is strictly for education entertainment purposes Always do your due diligence always do your research before you invest in anything that we talk about here in rich tv live Past results are not an indication of future performance. Thank you very much for watching. Please Follow us and join our secret groups. This is our social media platform absolutely free to join 643 members. 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