Tag: hemp
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Global Industrial Hemp Market Projected To Be Worth $24.30 Billion By 2033
According to market analysts at Spherical Insights LLP, the global industrial hemp market is projected to be worth an estimated $24.30 billion by 2033. Spherical Insights describes itself as “a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and…
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Global Hemp-Based Product Market Projected To Reach $16.2 Billion By 2033
The global market for hemp-based products is projected to reach $16.2 billion by 2033, growing at a CAGR of 24.5% between 2023 and 2033, according to a market analysis by Fact.MR. The researchers estimated that the market was worth $1.8 billion in 2023. “Europe and North America collectively account for around 70% of the global…
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U.S. Hemp-Derived THC Beverage Market Projected To Reach $4.1 Billion By 2028
The United States hemp-derived THC beverage market is projected to reach $4.1 billion by 2028 according to a recent market analysis by Euromonitor International. The researchers at Euromonitor International estimated that the market was worth $239 million in 2023. The hemp-derived THC beverage sector has greatly benefitted from the national 2018 Farm Bill that legalized hemp…
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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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How Many Hemp Businesses Are Located In Louisiana?
The 2018 Farm Bill drastically changed the hemp industry in the United States. The 2018 measure legalized hemp production nationwide, and that, in turn, resulted in the creation of countless hemp-derived consumable products. Products containing CBD and ‘alternative cannabinoids’ such as delta-8 are now commonly found in many states, including Louisiana. According to original reporting…
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How Big Is Italy’s CBD And Hemp Consumables Market?
Products that are hemp-derived and low in THC content, often referred to as ‘cannabis light,’ are very popular in Europe, including in Italy. According to leading Italian trade group Federcanapa, Italy’s emerging hemp-derived consumables industry includes 3,000 businesses and over 15,000 workers. Hemp-derived products, including CBD products, are currently governed by a patchwork of policies…
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What Is The Value Of The Texas Hemp-Derived Cannabinoids Market?
The 2018 Farm Bill legalized hemp production across the United States. Hemp was already legal at the state level in many parts of the country, however, the 2018 Farm Bill provided a major boost to the U.S. hemp industry and expanded the market considerably. Demand for hemp-derived cannabinoid products has grown exponentially in recent years,…
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Which U.S. State Grows The Most Floral Hemp?
For many years the hemp plant was largely used to make textiles and other non-consumable goods. However, in recent years demand for consumable, sometimes intoxicating hemp products has increased dramatically. The rise of floral hemp in the United States came about after the passage of the 2018 Farm Bill, which legalized hemp production nationwide. According…
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How Many ‘Hemp Dispensaries’ Are There In Texas?
Texas is the second most populous state in the U.S., only behind California. Yet, whereas California is home to the most non-hemp dispensaries in the nation, it is quite possible that Texas is home to the most ‘hemp dispensaries’ in the U.S. A hemp dispensary differs from non-hemp dispensaries based on the products that are…
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How Much Will Pakistan’s Legal CBD Industry Be Worth?
Cannabis cultivation is not new in Pakistan, however, a push in recent years has started the process of providing a path toward legal cannabis cultivation for the nation’s farmers. The process to legalize limited low-THC cannabis production began in Pakistan in late 2020, but it wasn’t until earlier this year until the nation established a regulatory…