April 11, 2023
Does India Have Patience, Will And Resources To Build World's Top Cannabis Medicine Industry?
Consider the size of the opportunity — today’s billion dollar global medical cannabis industry is expected to hit USD 100 billion by 2028. That’s a 100x growth in the next six years.
We’ve missed the bus once — India is the largest producer and exporter of licit opium in the world, contributing over 50% of global volumes. Yet there is not a single Indian firm that is a global leader in manufacturing opioid medications, a USD 40 billion market annually!