Category: Sector Data
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Global Cannabis Packaging Market Projected To Reach $9.06 Billion By 2030
Research and Markets recently published a new report projecting that the global cannabis packaging market will reach an estimated $9.06 billion in value by 2030, “expanding at a CAGR of 22.7% from 2024 to 2030.” “The growing legalization of cannabis consumption for medical and recreational use is contributing to market growth.” Research and Markets stated…
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Global Cannabis Testing Market Estimated To Grow By $1.5 Billion From 2023-2027
The world’s cannabis testing market is projected to increase in size by $1.5 billion by 2027 according to a new report by Technavio, growing “at a CAGR of about 13.06% during the forecast period.” “The cannabis testing market encompasses a range of applications, including the detection and quantification of heavy metals and residual solvents in…
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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…
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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…
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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)…
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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…
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Global CBD Industry Estimated To Be Worth $36.6 Billion By 2033
The global cannabidiol (CBD) market was worth an estimated $7.6 billion in 2023 according to a market analysis by Market.us, and will climb to a projected $36.6 in value by 2033. “Between 2023 and 2032, this market is estimated to register the highest CAGR of 27%.” the researchers stated. “Because of its therapeutic benefits, there…
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Global CBD Nutraceuticals Market Projected To Reach $16.9 Billion By 2032
The CBD nutraceuticals market was valued at $3.8 billion in 2022 according to a market analysis by DataHorizzon Research, and is anticipated to grow to $16.9 billion by 2032 at a CAGR of 16.3%. “The CBD nutraceuticals market is thriving due to the increasing awareness of the potential health benefits associated with CBD products. The…
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Cannabis Capsule Market Projected To Reach $79.2 Billion By 2028
Just because a cannabis product involves a capsuled delivery method does not necessary equate to it being a pharmaceutical product, just as every cannabis pharmaceutical product doesn’t automatically involve capsules. Cannabis pharmaceutical products can come in oral sprays and liquids. However, there is clearly a lot of overlap between the cannabis capsule and pharmaceutical sectors,…
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Cannabis Edibles Market Projected To Reach $27.2 Billion By 2030
The global cannabis edibles market is projected to reach $27.2 billion by 2030 according to a market analysis by Fairfield Market Research. For comparison purposes, the same researchers estimated that the global cannabis edibles market was worth $9.6 billion in 2022. “This robust growth will be driven by a multitude of factors, including shifting consumer…