Category: Sector Data
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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…
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How Big Will The Global Cannabis Pharmaceutical Sector Be Worth By 2027?
The cannabis plant provides a number of wellness benefits to suffering patients. Medical cannabis can be consumed via various delivery methods, from pre-rolled joints and topical rubs to vaporizer devices. A consumption method that has grown in popularity among patients in recent years is cannabis pharmaceuticals. Cannabis pharmaceuticals are popular with many patients because they…
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How Many Medical Cannabis Patients Are Registered In Washington D.C.?
Local lawmakers approved a medical cannabis legalization measure in May 2010. A component of the measure allowed the launch of eight initial medical cannabis dispensaries in the Washington D.C. area. In January 2023, the Medical Cannabis Amendment Act of 2022 became effective. The measure overhauled Washington D.C.’s medical cannabis program, making the program more accessible…
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Global Cannabis Market Projected To Reach $496 Billion By 2025
The global cannabis industry is far from being a new thing, although a vast majority of the world’s cannabis market remains unregulated. According to an analysis by New Frontier Data, cannabis consumers around the globe “spent an estimated $415 billion on high-THC cannabis in 2020” and that figure is expected to increase to $496 billion…
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How Much Legal Cannabis Was Sold On 4/20 In 2024?
April 20th is the most popular day of the year for cannabis consumption, with the date serving as the annual day of celebration for the global cannabis movement, particularly in the United States where the tradition is reported to have started in the 1970s. Every year licensed cannabis retailers across the country try to gain…
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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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31% Of Cannabis Consumers Report Spending $100+ Per Month On THC Products
The emerging legal cannabis industry in the United States is spreading thanks to the tireless work of cannabis advocates across the country. Cannabis is now legal for adult-use in 24 states and the District of Columbia, and several more have adopted medical cannabis legalization measures. Cannabis commerce is widespread now too. The Pew Research Center…
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Global Cannabis Concentrate Market Projected To Cross $2.4 Billion By 2030
Cannabis concentrates have grown in popularity in recent decades among consumers and patients. That rise in popularity is paralleled by a rise in supply by cannabis concentrate creators, and the types of cannabis concentrates that consumers and patients have to choose from continues to expand. Concentrated forms of cannabis is not a new thing. Hashish…
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Cannabis Packaging Market Projected To Surpass $13.17 Billion By 2030
As with all mainstream products, many cannabis products come in custom packaging. Anyone who has ever visited a licensed dispensary quickly learns that cannabis packaging comes in many forms, from very rudimentary packaging all the way to packaging that is very polished and well thought out. Cannabis packaging is big business too. According to a…