III. Industry Analysis
There has never been a better time to open an edibles business. With increasing public popularity and more lax state and local laws, sales of edibles and other cannabis products are increasing exponentially. We expect these trends to continue as laws become laxer and the general public becomes more interested in these products. As more people educate themselves about the benefits of these products, a larger customer base will be interested in buying them.
According to Global Newswire, the edibles market is expected to grow substantially at a compound annual growth rate (CAGR) of 32.4% annually . Very few other industries are experiencing this kind of growth, so this shows just how much demand there is for edibles.