Category: Sector Data
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Cannabis Cosmetics Market Projected Value Is $22.43 By 2029
The cannabis plant and the cannabinoids that it contains are being used as inputs for more and more products with every passing year, including cosmetics and skin care products. The cannabis cosmetics sector of the emerging legal cannabis industry is one of the most promising parts of the global market right now. “The cannabis cosmetics…
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Cannabis Packaging Market Projected To Reach $24.6 Billion By 2034
A growing number of jurisdictions around the world now permit some level of cannabis commerce, especially medical cannabis commerce. While industry rules and regulations vary from market to market, a consistent requirement pertains to packaging. Legal cannabis industry products are almost always required to be contained in child-resistant packaging, and packaging typically has to adhere…
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Cannabis Pharmaceuticals Projected To Reach $72.7 Billion By 2030
The cannabis pharmaceutical sector is growing at an impressive rate, thanks in large part to the spread of medical cannabis reform around the globe. Many medical cannabis programs around the world limit legal medical cannabis patient options to pharmaceuticals only. According to a recent market analysis by Research and Markets, “the global market for cannabis…
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Global Hemp Fiber Market May Surpass $30.13 Billion By 2033
Humans have a long history of making use of hemp fiber. In fact, archaeologists have discovered pieces of woven hemp fabric from ancient Mesopotamia in what is modern-day Iraq and Iran that date back to 8,000 BCE. Zoom forward to modern times, and hemp fiber is a booming sector of the global industrial hemp industry.…
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Global Hemp Oil Market To Reach $27.6 Billion By 2032
Demand for hemp-derived concentrates and oil, particularly for making cannabidiol (CBD) therapeutic products, is increasing with every passing year as more and more jurisdictions permit such products to be sold and more CBD-focused scientific research is conducted. Whereas medical cannabis products containing tetrahydrocannabinol (THC) are still strictly regulated in many countries around the globe, if…
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Cannabis Technology Sector Projected To Reach $23.7 Billion By 2030
Few global industries are as exciting from an emerging technology standpoint as the international cannabis industry. The legal cannabis industry is made up of several sectors and subsectors, almost all of which are harnessing technology in some way. As the cannabis industry continues to expand to new jurisdictions and grows in size and scope in…
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Vertical Cannabis Farming Could Become A Major Sector
The way that cannabis is cultivated has come a long way and become more sophisticated in recent decades. To be sure, cannabis is still cultivated ‘the old-fashioned way’ using nothing more than soil, water, and the sun. However, commercial cultivation operations are incorporating newer techniques and technologies at an increasing rate as licensed cannabis producers…
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Estimated 2024 Global Cannabis Drinks Market Value Was $1.3 Billion
Cannabis can be consumed in many forms, with cannabis infused drinks and beverages being a particularly popular consumption method among consumers and patients in recent years. According to a recent report published by market analysts affiliated with Research and Markets, the sector is expected to experience significant growth in the coming years. “The global market…
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Which Type Of Cannabis Products Are Popular In Canada?
Canada first legalized cannabis for adult use in 2018, becoming the first G-7 nation to adopt a national recreational cannabis legalization measure. The only country to adopt a national adult-use legalization measure before Canada was Uruguay, but Uruguay limits legal recreational cannabis sales to residents. Zoom forward to today, and Malta, Luxembourg, Germany, South Africa,…
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How Much Medical Cannabis Does Germany Import From Canada?
Germany is home to the largest legal medical cannabis market on the planet, and that was true even before the European country adopted a national adult-use cannabis legalization measure in April 2024. Germany used to have a limit on how much medical cannabis could be produced domestically. However, that limit was removed as part of…