Author: Johnny Green
-
The Legal Global Cannabis Market Projected To Reach $125.4 Billion By 2030
A new report published by Research and Markets is projecting that the legal global cannabis market will be worth an estimated $125.4 billion by 2030. Research and Markets also recently published a report projecting that the global medical cannabis sector will be worth$82.5 billion by 2030. “The global market for Legal Marijuana estimated at US$30.6…
-
Global Medical Cannabis Market Projected To Reach $82.5 Billion By 2030
The global legal medical cannabis market is projected to reach $82.5 billion by 2030 according to a new report by Research and Markets. The legal medical cannabis market was worth an estimated $32.3 billion in 2023 according to the report. “Extract Form Marijuana, one of the segments analyzed in the report, is expected to record…
-
How Big Is Thailand’s Cannabis Industry In 2024?
Government leaders in Thailand were once some of the most cannabis-friendly officials on earth. Thailand implemented a historic cannabis policy change in June 2022, declassifying cannabis from the nation’s narcotics list and allowing every household in the entire country to sign up to legally cultivate low-THC cannabis plants, of which a reported 1.1 million citizens of…
-
How Much Tax Revenue Would Cannabis Legalization Generate In Australia?
Australia is home to a legal medical cannabis industry, with regulated medical cannabis approvals in Australia reaching 304,000 in the first half of 2023. That marked a 120% increase over the same period in 2022. “Rhys Cohen of the Victoria, Australia-based Penington Institute estimated that Australian patients spent roughly 250 million Australian dollars ($167 million)…
-
How Much Will Pakistan’s Legal CBD Industry Be Worth?
Cannabis cultivation is not new in Pakistan, however, a push in recent years has started the process of providing a path toward legal cannabis cultivation for the nation’s farmers. The process to legalize limited low-THC cannabis production began in Pakistan in late 2020, but it wasn’t until earlier this year until the nation established a regulatory…
-
How Many Medical Cannabis Patients Are Registered In Utah?
According to the most recent monthly report from the Utah Department of Health and Human Services (April 2024), the state has registered 86,335 medical cannabis patients. Additionally, the state has registered 955 ‘Qualified Medical Providers’, 919 ‘Pharmacy Agency’, and 77 ‘Pharmacy Medical Providers.’ Below is a graph listing Utah’s medical cannabis patient numbers over time:…
-
Connecticut Dispensaries Sold $23.9 Million Worth Of Cannabis In April 2024
Legal cannabis dispensaries in Connecticut sold roughly $23.9 million worth of cannabis products in April 2024 according to new government data. The April sales total included both recreational and medical cannabis sales. April’s sales figures in Connecticut were $704,619 less compared to March 2024 – a 2.85 percent decrease. The month-to-month decrease in overall sales…
-
U.S. Adult-Use Cannabis Industry Surpasses $20 Billion In Total Tax Revenue
The United States adult-use cannabis industry has generated over $20 billion in total tax revenue since the first legal recreational cannabis purchase was made in Colorado on January 1st, 2014 according to a new report by the Marijuana Policy Project. “Through the first quarter of 2024, states have reported a combined total of more than…
-
Cannabis Seizures At U.S./Mexico Border Have Dropped 98% Since 2013
According to data published on the United States Customs and Border Protection website, federal law enforcement agents seized a record low 61,000 pounds of cannabis at the U.S./Mexico border in 2023. “The total represents a 29 percent decline from 2022 and a 98 percent decline in seizure activity since 2013, when the agency reported interdicting more…
-
Wholesale Cannabis Prices Dropped By 8.1% In The U.S. In 2023
According to a recent analysis by LeafLink and Cannabis Benchmarks, and published by MJBiz Daily, the price for wholesale cannabis flower dropped by an average of 8.1% across 13 legal U.S. markets in 2023. “Only three state markets experienced wholesale cannabis flower price increases in 2023: Alaska (7%), Missouri (20%) and Oregon (6%), according to LeafLink.” stated MJBiz…