Author: Cannabis Data
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Global CBD Nutraceuticals Market Projected To Reach $16.9 Billion By 2032
The CBD nutraceuticals market was valued at $3.8 billion in 2022 according to a market analysis by DataHorizzon Research, and is anticipated to grow to $16.9 billion by 2032 at a CAGR of 16.3%. “The CBD nutraceuticals market is thriving due to the increasing awareness of the potential health benefits associated with CBD products. The…
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Cannabis Capsule Market Projected To Reach $79.2 Billion By 2028
Just because a cannabis product involves a capsuled delivery method does not necessary equate to it being a pharmaceutical product, just as every cannabis pharmaceutical product doesn’t automatically involve capsules. Cannabis pharmaceutical products can come in oral sprays and liquids. However, there is clearly a lot of overlap between the cannabis capsule and pharmaceutical sectors,…
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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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How Big Will The Global Cannabis Pharmaceutical Sector Be Worth By 2027?
The cannabis plant provides a number of wellness benefits to suffering patients. Medical cannabis can be consumed via various delivery methods, from pre-rolled joints and topical rubs to vaporizer devices. A consumption method that has grown in popularity among patients in recent years is cannabis pharmaceuticals. Cannabis pharmaceuticals are popular with many patients because they…
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Ohio Currently Has 167,153 Medical Cannabis Patients With Active Registrations
The Ohio Medical Marijuana Control Program released updated statistics this week. In September 2016 Ohio lawmakers passed House Bill 523 which legalized medical cannabis in Ohio. Since that time, suffering patients in Ohio have registered with the state’s medical cannabis program. Below are updated statistics (as of April 30, 2024) from the Ohio Medical Marijuana…
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How Many Medical Cannabis Patients Are Registered In Washington D.C.?
Local lawmakers approved a medical cannabis legalization measure in May 2010. A component of the measure allowed the launch of eight initial medical cannabis dispensaries in the Washington D.C. area. In January 2023, the Medical Cannabis Amendment Act of 2022 became effective. The measure overhauled Washington D.C.’s medical cannabis program, making the program more accessible…
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Morocco Has Issued 2,905 Permits For Legal Cannabis Production
Few nations are as well-known for their cannabis as the North African country of Morocco. Morocco’s cannabis products, particularly Moroccan hash, are very popular among consumers, especially in Europe. For decades Morocco’s unregulated cannabis farmers have supplied the European continent’s cannabis consumers, with Spain being a top destination for Moroccan cannabis harvests. However, in recent…
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Global Cannabis Market Projected To Reach $496 Billion By 2025
The global cannabis industry is far from being a new thing, although a vast majority of the world’s cannabis market remains unregulated. According to an analysis by New Frontier Data, cannabis consumers around the globe “spent an estimated $415 billion on high-THC cannabis in 2020” and that figure is expected to increase to $496 billion…
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European Medical Cannabis Market Projected To Be Worth $9.7 Billion By 2028
Many countries on the European continent now permit legal medical cannabis commerce activity, ranging from the limited importation of cannabis-derived pharmaceutical and CBD products to large-scale medical cannabis programs and sales, such as what is in place in Germany. According to a recent market analysis by Research and Markets, the emerging legal European medical cannabis…
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Cannabis Industry Projected To Add $112.4 Billion To U.S. Economy In 2024
The emerging legal cannabis industry in the United States is projected to add roughly $112 billion to the nation’s economy in 2024 according to a newly released analysis by MJBiz Daily. The projection is part of the company’s 2024 MJBiz Factbook. “The total U.S. economic impact generated by regulated marijuana sales could top $112.4 billion in…