How Do We Get to a $100 Billion Market? Growth Predictions, Market Consolidations ft Ben Burstein
Why does it feel like the hemp industry is exploding while regulated cannabis remains stagnant?The numbers may tell one story, but they don’t capture the whole picture. What would a combined cannabis and hemp market look...
Full Show Notes
Why does it feel like the hemp industry is exploding while regulated cannabis remains stagnant?
The numbers may tell one story, but they don’t capture the whole picture.
What would a combined cannabis and hemp market look like if both operated with fewer restrictions, better access to resources, and increased capital?
This week, we welcome back Ben Burstein to dive into these critical questions and more, including:
- Why the numbers don’t tell the full story.
- The real growth drivers behind cannabis and hemp.
- Predictions for consolidation and expansion.
- The path to a $100 billion market.
Guest Links:
- https://www.linkedin.com/in/benjaminburstein/
- https://www.leaflink.com/
- https://www.instagram.com/leaflink_/
- https://x.com/LeafLinkUS
Episode Highlights
Cannabis and Hemp Market Overview (00:00:56)
- Total hemp market currently around $10 billion
- Hemp-derived THC market represents about $5 billion in retail sales
- Strong growth trajectory with billions added each year
Market Dynamics and Expansion (00:02:40)
- Hemp-derived products offer:
State Market Insights (00:25:23)
- New York standout market
Future Industry Predictions (00:56:21)
- Expected to add billions in sales
- Improving margins and cost structures
- Potential Schedule 3 rescheduling
- Continued market consolidation
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