The US is Getting Greener Every Day
Global Cannabis Market
The global cannabis market is estimated to be valued at $35 billion USD by the end 2022 and is projected to reach $90.4 billion USD by 2026, recording a CAGR of 28%, in terms of value.
The global legal marijuana market size is expected to reach $70.6 billion USD by 2028.
North America accounted for the largest revenue share of 79.6% in 2020 owing to the early legalization of medical and recreational cannabis in the region and the large customer pool.
Recreational | Medical | Decriminalized | Plans to Legalize |
---|---|---|---|
United States | Germany | Italy | Luxembourg |
Canada | Australia | Israel | Bermuda |
South Africa | UK | Mexico | Paraguay |
Uruguay | Thailand | Netherlands |
The Problem
Traditional forms of marketing and advertising are virtually non-existent for the Cannabis community.
Major social media and internet platforms, such as Instagram, Tik Tok, and Google, shadow-banned or deleted cannabis-related accounts. Most companies in the Cannabis Industry are focused on supplying highly commoditized products with little differentiation or experience in the market. As a result, many public and private companies have burnt through significant capital trying to carve out market share and chase growth at the expense of profits. RMH is focused on providing unique, differentiated and inter-connected services to the Cannabis Industry with little competition and high barriers to entry. This provides a direct impact to ROI.