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Cannabis Likely A High Growth Software Vertical For Years To Come

In 2018, U.S. consumers spent more than $10.5 billion on cannabis for both recreational and medical uses. Keeping in mind that only a fraction of our 50 U.S. states have legalized recreational use, recreational pot spending more than doubled from $2.7 billion in 2017 to $6 billion in 2018. Industry analysts estimate that by 2022, the market is likely to reach an estimated $14.3 billion in size. As the ecosystem of pot businesses continues to expand it’s inevitable that software companies focused on the sector capitalize on the business process needs of various players in the market...