New Frontier Data, the authority in data analytics and business intelligence on the global cannabis industry, in partnership with The GreenHub and sponsored by Verdemed, releases its first in a series of regional cannabis market overviews, The Latin America Regional Cannabis Report: 2019 Industry Outlook, estimating the total addressable cannabis market (regulated and illicit) at $9.8 billion USD with Brazil ($2.4 billion), Mexico ($1.9 billion), Chile ($1.5 billion), Argentina ($1.1 billion) and Colombia ($0.7 billion) the top five regional markets. The Latin American countries included in the report account for 600 million people, among whom 13 million use cannabis at least annually.
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13 Million Annual Cannabis Users and a $9.8B USD Cannabis Market in Latin America
