Category: Sector Data
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Global Cannabis-Infused Drinks Market Projected To Reach $8.7 Billion By 2032
The global cannabis-infused drinks market was estimated to be worth $400 million in 2022 and is projected to reach $8.7 billion in value by 2032 according to a market analysis by Fact.MR. The market analysis entity is located in Ireland. “This astounding market growth is because worldwide demand for cannabis infused drinks is estimated to…
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Global Industrial Hemp Market Projected To Reach $25.7 Billion By 2034
The global industrial hemp market is projected to go from the current estimated market value of $6.6 billion in 2024 to $25.7 billion by 2034, according to a new market analysis by Fact.MR. The industrial hemp market will be driven by “a steady CAGR of 14.5% from 2024 onward” according to Fact.MR. “Environmentally conscious consumers…
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Global Cannabis Pharmaceuticals Market Projected To Reach $102.4 Billion By 2030
The global cannabis pharmaceuticals market size is projected to reach $102.4 billion by 2030, expanding at a CAGR of 53.3% from 2024 to 2030, according to a new analysis by Research and Markets. “Growing use of cannabis in various medical applications is driving the global pharmaceutical cannabis market growth. For instance, cannabis is widely used…
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How Many Cannabis Training Program Students Does The Community College Of Rhode Island Have?
Adding to a growing trend of colleges and universities offering cannabis industry courses, the Community College of Rhode Island is launching a ‘Cannabis Training Program,’ with 15 students making up its inaugural session. “Students in this program will learn about the variety of jobs and skills required in the legal cannabis industry. Topics include an…
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Cannabis Legalization Associated With 9% Increase In College Enrollments
A researcher associated with the Department of Economics at the University of Oklahoma recently examined college enrollment rates and state-level recreational cannabis laws. The results of the study were published in Economic Inquiry. “This paper examines how recreational marijuana legalization (RML) affects first-time college enrollment in the US using a unique college-level dataset and various…
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How Accurate Are Cannabis Product Lab Tests?
In every legal cannabis market in the United States lab testing is required for cannabis harvests and processing. Testing cannabis for cannabinoid levels and potential contamination is a hallmark of the regulated cannabis industry, and provides the legal industry with a distinct advantage over the unregulated cannabis market. A team of researchers in the United…
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7% Of German Adults Have Purchased Cannabis Clones Or Seeds After Legalization
Starting on April 1st, 2024, adults 18 years old and older can cultivate up to three cannabis plants in their private residences. As part of Germany’s adult-use cannabis legalization model, cannabis clones and seeds are legal for purchase across the country. According to the results of a recent YouGov poll, many German adults have already…
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What Is The Average Wholesale Price For A Legal Pound Of Cannabis In The U.S.?
Cannabis industry data company Cannabis Benchmarks tracks the price of legal cannabis flower across United States markets. As of the week ending May 24, 2024, the average price for a pound of legal cannabis flower was $1,031. “At $1,031 per pound, the U.S. Spot Index is down 4.3% this year from the 2023 closing price…
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How Big Will Ohio’s Legal Recreational Cannabis Industry Be Once It Launches?
Ohio became the 24th state to approve adult-use cannabis legalization when the state adopted the policy change in 2023. Legal recreational cannabis sales are expected to launch next month in Ohio, which begs the question, “how big will Ohio’s legal recreational cannabis industry be once it launches?” According to cannabis industry data company Headset, “Ohio…
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Global Cannabis Testing Market Worth An Estimated $1.8 Billion In 2024
The global cannabis testing market is projected to be worth an estimated $1.8 billion in 2024 according to a new market analysis by Markets and Markets. The testing market is projected to increase to $4 billion in value by 2029 (CAGR of 17.2%). “The important factors impacting market growth are legalization trends and rising medical…