Author: Cannabis Data
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How Popular Are Cannabis Drinks And Beverages In The United States?
Products in the cannabis drinks sector can come in various forms, including infused tonics and sodas. Some companies are incorporating resealable tops to their cannabis-infused sodas, which is very helpful when trying to stick to a precise dosage. An example can be found in the video below: According to cannabis data company BDSA, and as…
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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 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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How Many Countries Have Legalized Medical Cannabis?
According to a recent study conducted by researchers from Ukraine and France, and published by the U.S. National Institute of Health, 57 countries have adopted medical cannabis legalization measures. Israel was the first country to adopt a national medical cannabis legalization measure (1999), and Ukraine was the most recent (2024) as of the posting of…
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25% Of Cannabis Consumers Report Using Products For Pain Relief In NuggMD Survey
Online medical cannabis platform NuggMD describes itself as taking “a modern approach to connecting patients with medical professionals,” and using their “telemedicine platform means that you can meet with a qualified medical professional in your state from the comfort and privacy of your living room,” according to their website. NuggMD recently conducted a survey of…
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Study Finds Lower Opioid Prescription Rates In Areas Near Legal Cannabis Dispensaries
Researchers associated with Oregon State University and Western Michigan University have associated legal cannabis dispensaries in Oregon with a lower opioid prescription rate in the areas where the dispensaries are located. The findings of the study were initially published by Marijuana Moment. “In the last decade, evidence emerged that recreational cannabis legislation (RCL) may help…
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How Many Cannabis Consumers In New York Use Weedmaps?
On March 31, 2021, New York State legalized adult-use cannabis when lawmakers passed the Marijuana Regulation & Taxation Act. Additionally, New York’s Governor signed legislation in July 2014 that legalized medical cannabis in the state. The first legal adult-use cannabis sale occurred in New York State on December 29, 2022, at Housing Works Cannabis Co,…
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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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New Jersey Awards 48 Seed Equity Cannabis Business Grants
The New Jersey Economic Development Authority’s (NJEDA) Seed Equity Grant Program awarded 48 grants to social equity cannabis applicants in May 2024. The Cannabis Equity Grant Program, which is part of the larger Seed Equity Grant Program “is aimed at assisting start-ups by providing businesses with grant funding for early-stage start-up expenses and operational costs.”…
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How Many Social Equity Cannabis Business Licenses Has Washington D.C. Issued?
Washington D.C. is a unique place for cannabis public policy and industry. Local lawmakers approved a medical cannabis legalization measure in Washington D.C. in May 2010. A component of the 2010 measure allowed the launch of eight initial medical cannabis dispensaries in the D.C. area. In January 2023, the Medical Cannabis Amendment Act of 2022…