Cannabis Investment Report
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Cannabis Investment Report
December 2017
Emerging and Anticipated International Legal Cannabis Markets
Country GDP Rank
2017 Estimated
Adult Population
(in millions)
Select Countries with Medical or Recreational Laws
Germany 4
Brazil 8
Italy g
Canada 10
Australia 3
Mexico 16
Turkey 17
Netherlands 18
Switzerland 20
Argentina 21
Poland 24
Israel 32
Colombia 37
Chile 44
Peru 48
Czech Republic 51
Greece 52
Uruguay 78
Croatia 84
Jamaica 120
Macedonia 132
Lesotho 163
Certain Additional Countries
United Kingdom 5
India 6
France 7
Spain 14
Sweden 23
South Africa 35
Portugal 49
59.0
150.5
42.5
26.6
12.2
92.9
58.3
12.2
5.8
23.0
27.4
58
S58
13.0
23.0
7.9
eo
2.2
ag
2.2
14
14
47.5
964.1
48.2
33.1
We
40.3
2
Projected
Monthly Consumer
Spending ($)
$78 — $155
16 - 31
56 - 112
78 — 155
97 - 194
16 - 32
20 - 40
82 - 165
145 - 289
21-43
23-45
64 - 129
11-22
24 — 48
11-21
31-62
34-67
27-54
22-43
8-17
9-18
2-4
75-151
3-6
69 — 139
49 — 98
97 - 194
10 - 20
20 = 7A
Midpoint Weighted Average $28
Potential
Market Value
($ millions)
$16,518
8,524
8,599
7,453
4,268
5,380
4178
3,632
2,099
1,766
2223
1,336
1,429
1,124
878
890
962
211
223
65
46
11
12,908
10,379
12,040
5,841
2,520
1,416
916
$118,735
Source: Ackrell Capital
The projected market value for each country shown in the preceding table is calculated assuming a
20% penetration rate and the midpoint of the projected average monthly spending range. Because each
country’s penetration rate and monthly spending will vary considerably and are difficult to predict, we
114
© 2017 Ackrell Capital, LLC
Member FINRA/SIPC
HOUSE_OVERSIGHT_024750
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