Tag: canada
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Canadian Medical Cannabis Exports Hit All-Time High Last Year
Canada continues to dominate the legal global medical cannabis export sector, with Canadian cannabis companies exporting a reported 218 million Canadian dollars ($189 million) worth of medical cannabis products to other nations in fiscal year 2023/2024. “That’s an increase of more than 36% from the previous year’s exports of CA$160 million.” stated MJBiz Daily in…
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Cannabis Business Licenses Lowered In First Quarter Of 2024 In North America
As the legal cannabis industries in Canada and the United States continue to increase in size, the total number of cannabis industry licenses in both markets was lower in the first quarter of 2024 compared to previous periods. “The pace of cannabis business licensing in North America slowed in the first quarter of 2024, with…
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Legal North America Cannabis Industry Projected To Reach $298.5 Billion Value By 2032
North America’s cannabis industry is growing at a significant rate, as demonstrated in a recent analysis by Research and Markets. The company recently estimated that the legal cannabis industry in North America was worth $35.6 billion in 2023, and will experience strong growth in the coming years. “The North America legal cannabis market size reached…
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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 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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Legal Canadian Cannabis Sales Dropped In February 2024
Canada became the first G-7 nation to adopt a national recreational cannabis legalization measure back in 2018, and the second country to ever pass a national adult-use legalization measure, only behind Uruguay which passed legalization in 2013. The recreational Canadian market is the largest national adult-use market on the planet, with consumers having a number…
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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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Cannabis Flower Accounts For 64.9% Of Legal Canadian Sales
Canada was the first G-7 nation to pass a national adult-use cannabis legalization measure when it did so in 2018, and Canada was just the second nation to ever pass such a measure, only behind Uruguay which legalized in 2013. Yet, unlike Uruguay, Canada permits nationwide adult-use sales to all adults regardless of residency status.…
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Top 5 Cannabis Industry POS Providers Account For 67% Of U.S. Market Share In 2024
When many people think about the emerging legal cannabis industry, they likely have visions in their mind of large cannabis cultivation facilities and retail dispensaries. While those things are certainly a part of the legal cannabis industry, there is more to the industry than just production and sales. The ancillary cannabis industry that helps provide…
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Global Cannabis Testing Market Was Worth An Estimated $2.54 Billion In 2023
The emerging legal global cannabis industry is currently a patchwork of laws and regulations, with policies differing from jurisdiction to jurisdiction. However, one common component of regulated markets is the requirement that cannabis harvests be tested for contaminants. Most legal markets also require testing to determine various cannabinoid levels. Cannabis testing serves an important role…