Cannabis Investment Report
December 2017
Emerging and Anticipated International Legal Cannabis Markets
Country GDP Rank
2017 Estimated Adult Population (in millions)
Select Countries with Medical or Recreational Laws
Germany 4 Brazil 8 Italy g Canada 10 Australia 3 Mexico 16 Turkey 17 Netherlands 18 Switzerland 20 Argentina 21 Poland 24 Israel 32 Colombia 37 Chile 44 Peru 48 Czech Republic 51 Greece 52 Uruguay 78 Croatia 84 Jamaica 120 Macedonia 132 Lesotho 163 Certain Additional Countries
United Kingdom 5 India 6 France 7 Spain 14 Sweden 23 South Africa 35 Portugal 49
59.0 150.5 42.5 26.6 12.2 92.9 58.3 12.2 5.8 23.0 27.4 58 S58 13.0 23.0 7.9 eo 2.2 ag 2.2 14 14
47.5 964.1 48.2 33.1 We 40.3 2
Projected
Monthly Consumer Spending ($)
$78 — $155 16 - 31 56 - 112 78 — 155 97 - 194 16 - 32 20 - 40 82 - 165 145 - 289 21-43 23-45 64 - 129 11-22 24 — 48 11-21 31-62 34-67 27-54 22-43 8-17 9-18 2-4
75-151 3-6 69 — 139 49 — 98 97 - 194 10 - 20 20 = 7A
Midpoint Weighted Average $28
Potential
Market Value ($ millions)
$16,518 8,524 8,599 7,453 4,268 5,380 4178 3,632 2,099 1,766 2223 1,336 1,429 1,124 878 890 962 211 223 65 46 11
12,908 10,379 12,040 5,841 2,520 1,416 916
$118,735
Source: Ackrell Capital
The projected market value for each country shown in the preceding table is calculated assuming a 20% penetration rate and the midpoint of the projected average monthly spending range. Because each
country’s penetration rate and monthly spending will vary considerably and are difficult to predict, we
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© 2017 Ackrell Capital, LLC
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