Author: Cannabis Data
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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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Are Publicly Traded U.S. Cannabis Companies Profitable?
The legal cannabis industry in the United States is made up of a patchwork of markets, laws, rules, and regulations. Currently, 24 states have passed adult-use legalization measures and even more states have adopted medical cannabis legalization measures. Washington D.C. has also legalized cannabis for both medical and adult use. A handful of companies operating…
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Roughly 2% Of Local Governments In Ohio Prohibit Recreational Cannabis Businesses
In 2023 Ohio became the 24th state to approve a statewide adult-use legalization measure. Ohio’s legalization model permits adult use sales, which are expected to start as early as next month. Regulators estimate that there will be between 250-300 adult-use dispensaries once the legal recreational industry is fully operation in Ohio. However, not every jurisdiction…
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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 Cannabis Testing Market Estimated To Grow By $1.5 Billion From 2023-2027
The world’s cannabis testing market is projected to increase in size by $1.5 billion by 2027 according to a new report by Technavio, growing “at a CAGR of about 13.06% during the forecast period.” “The cannabis testing market encompasses a range of applications, including the detection and quantification of heavy metals and residual solvents in…
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The Legal Global Cannabis Market Projected To Reach $125.4 Billion By 2030
A new report published by Research and Markets is projecting that the legal global cannabis market will be worth an estimated $125.4 billion by 2030. Research and Markets also recently published a report projecting that the global medical cannabis sector will be worth$82.5 billion by 2030. “The global market for Legal Marijuana estimated at US$30.6…
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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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How Big Is Thailand’s Cannabis Industry In 2024?
Government leaders in Thailand were once some of the most cannabis-friendly officials on earth. Thailand implemented a historic cannabis policy change in June 2022, declassifying cannabis from the nation’s narcotics list and allowing every household in the entire country to sign up to legally cultivate low-THC cannabis plants, of which a reported 1.1 million citizens of…
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How Much Tax Revenue Would Cannabis Legalization Generate In Australia?
Australia is home to a legal medical cannabis industry, with regulated medical cannabis approvals in Australia reaching 304,000 in the first half of 2023. That marked a 120% increase over the same period in 2022. “Rhys Cohen of the Victoria, Australia-based Penington Institute estimated that Australian patients spent roughly 250 million Australian dollars ($167 million)…