News Analysis
China is closely watching the increasing debate on the federal decriminalization of marijuana in the United States and the rapid growth in its market as it provides an overarching business opportunity.
However, experts say that unlike other international players in the U.S. marijuana market, the Chinese regime can bring in national security threats, social challenges, enhanced criminalization, and a direct threat to the market ethos of democracy.
The global legal marijuana market, including medical, recreational, and industrial, was valued at $13.2 billion in 2021; and out of this, the U.S. market share was $10.8 billion, according to Grand View Research statistics. This U.S. market is expected to grow at 14.9 percent in the next decade….