global franchise newsletter sign up graphic

Stay in the know and receive the latest international franchising news, insight and investment opportunities

close catfish

The global cannabis market’s sales exceeded $21bn in 2020, with forecasts of $55.9bn by 2026

The global cannabis market’s sales exceeded $21bn in 2020, with forecasts of $55.9bn by 2026

The global sales of cannabis increased by 48 per cent between 2019 and 2020, which is a great sign for franchisors operating within this space.

Keep up to date with the latest Global Franchise News sent straight to your inbox. Sign up here.

Cannabis industry insiders were apprehensive last year about the growth that the industry may undergo, due to the potentially disruptive nature of the coronavirus pandemic. However, cannabis as a global sector didn’t just survive – it thrived.

Global sales reached nearly $21.3bn in 2020, according to industry insider BDSA (formerly BDS Analytics), which represented a 48 per cent increase on 2019’s sales of $14.4bn.

This growth was reflected in stories of expansion throughout the industry, with Greenhouse Group opening a new, flagship dispensary in Skokie, Illinois last September, and Item 9 Labs Corp acquiring ONE Cannabis Group and forming the first U.S. vertically integrated dispensary this March.

Based on a compound annual growth rate (CAGR) of over 17 per cent, BDSA projects that the market could be valued at $55.9bn by 2026. This growth is thanks in part to the new ‘Cannabis 2.0’ rules, which authorized the sale of derivative products, such as edibles.

It’s also down to the fact that medical or adult-use cannabis was legalized in five new U.S. markets during the 2020 elections: Arizona, Mississippi, New Jersey, Montana, and South Dakota. This means that 16 states now have access to legalized marijuana for adults over the age of 21, with 36 total states having legalized medical marijuana.

We can expect further developments this year, too, with BDSA expecting four new medical and five new adult-use markets to commence sales in 2021.

If an entrepreneur was previously thinking of jumping on board the cannabis franchising train, then now could be a stronger time than ever to join this emerging industry.

you may be interested in

franchise directory

  • TaxAssist Accountants

    Business & Professional Services, Financial Services, <100K, Featured

  • Cafe2U

    Food & Catering, Coffee, Take-away, <100K, Featured

  • 800 Pizza

    Food & Catering, Fastfood, Pizza, Take-away, Featured

view more
Connect with Linkedin Logo
Global White Logo Click Here
Close button


Any of the information we collect from you may be used in one of the following ways: To personalize your experience (your information helps us to better respond to your individual needs) To improve our website (we continually strive to improve our website offerings based on the information and feedback we receive from you) To improve customer service (your information helps us to more effectively respond to your customer service requests and support needs) To process transactions your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, without your consent, other than for the express purpose of delivering the purchased product or service requested. To administer a contest, promotion, survey or other site feature To send periodic emails The email address you provide for order processing, will only be used to send you information and updates pertaining to your order. Note: If at any time you would like to unsubscribe from receiving future emails, we include detailed unsubscribe instructions at the bottom of each email.


We implement a variety of security measures to maintain the safety of your personal information when you place an order or enter, submit, or access your personal information We offer the use of a secure server. All supplied sensitive/credit information is transmitted via Secure Socket Layer (SSL) technology and then encrypted into our Payment gateway providers database only to be accessible by those authorized with special access rights to such systems, and are required to keep the information confidential. After a transaction, your private information (credit cards, social security numbers, financials, etc.) will not be stored on our servers.


Yes (Cookies are small files that a site or its service provider transfers to your computers hard drive through your Web browser (if you allow) that enables the sites or service providers systems to recognize your browser and capture and remember certain information. We use cookies to help us remember and process the items in your shopping cart, understand and save your preferences for future visits, keep track of advertisements and compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future. We may contract with third-party service providers to assist us in better understanding our site visitors. These service providers are not permitted to use the information collected on our behalf except to help us conduct and improve our business.


We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others rights, property, or safety. However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.


Occasionally, at our discretion, we may include or offer third party products or services on our website. These third party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.


We are in compliance with the requirements of COPPA (Childrens Online Privacy Protection Act), we do not collect any information from anyone under 13 years of age. Our website, products and services are all directed to people who are at least 13 years old or older.


This online privacy policy applies only to information collected through our website and not to information collected offline.


Please also visit our Terms and Conditions section establishing the use, disclaimers, and limitations of liability governing the use of our website at


By using our site, you consent to our online privacy policy.


If we decide to change our privacy policy, we will post those changes on this page


If there are any questions regarding this privacy policy you may contact us using the information below. All correspondence relating to the Website should be sent to: Global Franchise 21/23 Phoenix Court Hawkins Road Colchester Essex CO2 8JY Email: