Expect 25% Growth Rate For Cannabis Industry: Artemis’ William Muecke Says
At the recent Benzinga Cannabis Capital Conference, William Muecke, co-founder and managing member of Artemis Growth Partners, shared his insights on the future of the industry, touching on pressing issues like regulatory challenges, sustainability, and the industry’s intersection with healthcare.
A Bright Future for Cannabis Despite Growing Pains
Muecke expressed optimism about the global cannabis market despite acknowledging the challenges it faces. “The word for the global cannabis industry is that deregulation continues,” he said. He emphasized that the legal side has been growing year over year, noting a compound annual growth rate (CAGR) of 35% since legalization in the U.S. “We’re still projecting a 20 to 25% CAGR forward for the industry,” he added.
Muecke explained that while micro-level issues exist in individual U.S. states, the broader global market is opening up. “When you look at the global markets, it’s a deregulatory environment. It’s only opening up to have more patients, more consumers coming online,” Muecke said, predicting more revenue opportunities and operator …