- The global market for organic products is currently worth $160 billion and is forecast to grow to $323 billion by 2024, a 15% annual growth rate. Organic sales have been strong for decades, growing at 12% a year since 2000.
- In the near term we estimate the Canadian cannabis market is worth $5 billion and organic demand will ultimately make up 20% of the market creating a $1 billion revenue opportunity. This would equal the medium-term demand potential of $8.5 billion for organic cannabis.
- By 2020 there will only be four certified organic producers operating globally and their supply will struggle to keep up with rapidly growing demand.
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The Green Organic Dutchman is a consulting client of Capital 10X.
The opinions provided in this article are those of the author and do not constitute investment advice. Readers should assume that the author and/or employees of Capital 10X hold positions in the company or companies mentioned in the article. For more information, please see our Content Disclaimer.