We are getting ready for the next big cannabis event which will take place from 12 to 14 june in New Orleans, US. Buddha Seeds will join MJBizConNext, America’s oldest and largest national cannabis trade show with more than 250 exhibitors. We’ll be with another 4000 industry professionals, vendors from all around the US and more than 50 speakers.
After attending the successful last edition in Las Vegas we don’t want to miss the opportunity to exchange again our experience and know-how with thousands of industry innovators in this advancing market.
Marihuana is one of the fastest growing industries in the US. What’s more, legal marijuana industry grew to $10.4 billion in the US last year, according to firm New Frontier Data. Just $5 billion was invested in the three years prior. Retail cannabis sales (including medical) are expected to reach over $20 billion by 2020 in the U.S, according High Times magazine. 31 states allow for legal cannabis sale and consumption: 21 for medicinal use and 10for adult recreational use. There are about 10,000 active licenses for cannabis businesses in the U.S, according to Statista. This includes cultivation, extraction and manufacturing, retail, distribution and testing licenses. Nowadays cannabis industry employs an estimated 250.000 full-time workers.