Morningstar - Winter 2019 - 25
Spotlight
Cannabis
Investors' Cannabis Playbook
28
Cannabis Faces Significant ESG Risks
31
Cannabis Has VC Market Buzzing
32
Budding Business
The cannabis industry will
see massive growth over the
next decade.
CANNABIS
Kristoffer Inton and Rachel Elfman
The green rush is on.
Morningstar research indicates that legal sales of
cannabis, commonly referred to as marijuana,
will grow nearly 9 times their current size by 2030.
U.S. recreational, U.S. medicinal, Canada, and
the global medicinal export market have
penetrated just 8%, 21%, 11%, and 19% of their
estimated markets, respectively. These
large, underserved markets will provide massive
top-line growth and fixed cost leverage
for cannabis companies, supporting a boom
in cannabis through the next decade.
Prohibition has kept cannabis largely in the hands
of criminal enterprises. However, legalization
global.morningstar.com/Morningstarmagazine
25
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Morningstar - Winter 2019
Table of Contents for the Digital Edition of Morningstar - Winter 2019
Contents
Morningstar - Winter 2019 - Cover1
Morningstar - Winter 2019 - Cover2
Morningstar - Winter 2019 - 1
Morningstar - Winter 2019 - 2
Morningstar - Winter 2019 - Contents
Morningstar - Winter 2019 - 4
Morningstar - Winter 2019 - 5
Morningstar - Winter 2019 - 6
Morningstar - Winter 2019 - 7
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Morningstar - Winter 2019 - Cover3
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