Category: CBD And Hemp Data
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How Big Is Slovenia’s Cannabis Industry In 2024?
Slovenia has so far been slower to modernize its cannabis policies compared to some of its European counterparts such as Malta and Germany. Still, there is an emerging domestic cannabis industry in Slovenia, largely based around CBD products. Cannabis is not technically legal in Slovenia, although personal possession in considered to be a minor offense.…
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U.S. Industrial Hemp Market Valued At $291 Million In 2023
The United States Department of Agriculture (USDA) has released its annual hemp industry report. According to the USDA, “In 2023, the value of hemp production in the open and under protection for the United States totaled $291 million, up 18 percent from 2022.” “Planted area for the Nation in 2023 for all utilizations totaled 27,680…
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How Many CBD Consumers Are There In Japan?
A March 2023 analysis by Comprehensive Research Report found that the global cannabidiol (CBD) market is projected to reach $59.43 billion by 2030. The researchers estimated that the global CBD market was worth $18.43 billion in 2022. One nation where CBD products are growing in popularity is Japan. Japan boasts one of the lowest cannabis consumer…
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Global Hemp Milk Market Projected To Reach $812 Million By 2032
Global demand for milk is enormous. According to Market Data Forecast, “the global milk market is expected to be worth USD 1,047.80 billion in 2024. It is expected to grow at CAGR of 8.2% during the forecast period and reach a value of USD 1,553.87 billion by 2029.” Dairy milk continues to dominate the global…
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How Big Is The Czech Republic’s Cannabis Market Potential?
Political leaders in the Czech Republic have previously indicated that they would pursue the passage of a national adult-use cannabis legalization measure once Germany had passed its own adult-use legalization measure. Germany implemented the first provisions of its national legalization measure on April 1, 2024. How long it will take the Czech Republic to pass…
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Global Industrial Hemp Market Estimated To Grow By $6.87 Billion From 2023 To 2027
The global industrial hemp market is set to increase in size by a considerable amount in the coming years according to a new projection from Technavio. Technavio is a global technology research and advisory company that “focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies…
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How Many Hemp Licenses Were Active In The United Kingdom In 2023?
The global hemp industry is far from being a new thing. For many centuries humans have used the hemp plant to make a number of things, from medicine to textiles. It wasn’t until the 1900s that hemp started to be prohibited by governments due to the forces of special interest groups. Thankfully, the global hemp…
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Global Hemp Fiber Market Projected To Reach $73.55 Billion By 2030
Humans have used the hemp plant to make fibers for a multitude of purposes for centuries. In fact, archaeologists and historians have confirmed that ancient civilizations in China used hemp fiber to make pottery going as far back as 4,000 BCE. Hemp fiber has a number of uses, including but not limited to: Making paper…
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CBD Skin Care Market Forecast To Reach $14 Billion By 2030
Certain sectors of the emerging legal cannabis industry have the potential to experience a massive boost in demand in the coming years for various reasons, and one of those sectors is cannabis topicals and skin care. According to Grand View Research, the global skin care market was worth an estimated $135.83 billion in 2022. Cannabis…