70 countries around the world have legalized some form of cannabis for medical use, with 26 of those countries providing medical patients with legal access to high-THC cannabis.
10 countries have legalized cannabis for adult-use, with 6 adopting a system for regulated distribution.
Cannabis consumers globally spent an estimated $415 billion on high-THC cannabis in 2020, with annual spending projected to climb to $496 billion by 2025. Much of the world has not yet legalized cannabis, and nearly all the demand resides in illicit or unregulated markets. In 2020, 94% of high-THC cannabis spend was in unregulated channels.
The GANJES fund will invest in the Cannabis Start-Up Ecosystem around the world in countries such as Uruguay, Paraguay, Brazil and Colombia in South America; Jamaica in the Caribbean; Germany and Spain in Europe, Thailand (in addition to India) in Asia and many other up and coming destinations.