Tag: global
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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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Global Cannabis Edibles Market Could Top $48.7 Billion By 2030
Cannabis edibles are the preferred consumption method for many patients and consumers because they are a smokeless form of cannabis consumption. Cannabis edibles are a significant business, as demonstrated by a recent international market analysis. Analysts affiliated with Research and Markets estimate that “the global market for cannabis edibles was estimated at US$14.8 billion in…
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Worldwide Handheld Cannabis Vaporizer Market Projected To Reach $18.1 Billion By 2033
The global handheld cannabis vaporizer market is projected to reach $18.1 billion in value by 2033 according to a market analysis by Allied Market Research. The market research firm estimates that the handheld cannabis vaporizer sector was worth $5.4 billion in 2023. “The handheld marijuana vaporizer market growth is primarily driven by the increasing legalization…
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Worldwide Legal Cannabis Market Projected To Surpass $148.4 Billion By 2031
The legal global cannabis industry is set for significant expansion in the coming years, and a new report by Skyquest Technology Consulting is projecting that the regulated worldwide cannabis market will surpass $148.4 billion in value by 2031. “Cannabis market was valued at USD 36.4 Billion in 2022 and is poised to grow from USD…