Medical Cannabis Industry In Africa: Projected 20.12% CAGR Surge By 2028, Reveals New Report
Portfolio Pulse from Joana Scopel
A new report by IMARC Group projects a 20.12% CAGR growth for the medical cannabis market in Africa from 2023 to 2028. The growth is driven by legalization, increased awareness, a rising elderly population, and research initiatives. Key players in the market include AgriPharma Pty LTD., Bophelo Bioscience & Wellness (Pty) Ltd., Halo Labs Inc., and Canopy Growth Corporation.
August 24, 2023 | 6:57 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Halo Labs Inc. is identified as a key player in the growing African medical cannabis market.
As a key player in the growing African medical cannabis market, Halo Labs Inc. is likely to benefit from the projected growth. This could lead to increased revenues and potentially a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Canopy Growth Corporation is highlighted as a major player in the African medical cannabis market.
Canopy Growth Corporation, being a major player in the African medical cannabis market, stands to benefit from the projected market growth. This could result in increased revenues and a potential positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80