Author: Cannabis Data
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Global CBD Pet Product Market Worth An Estimated $693.4 Million In 2023
The global cannabidiol (CBD) pet market was worth an estimated $693.4 million in 2023 according to a recent market analysis by Global Market Insights. The CBD pet product market is projected to grow at an estimated 18.2% CAGR from 2024 to 2032. Market growth will be driven by “growing pet ownership coupled with increasing awareness…
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How Many Medical Cannabis Patients Are Registered In Colorado?
Colorado first legalized cannabis for medical use in 2000, although commercial medical cannabis retailers operated in a legal grey area for a time. In 2012, Colorado became one of the first states to legalize cannabis for adult use along with Washington State. Like all states that first legalized cannabis for medical use and later adopted…
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How Many Legal Cannabis Lounges Are There In Nevada?
With a population of roughly 3.2 million people, the State of Nevada ranks 32nd for total population among its U.S. peers. However, Nevada experiences the 3rd most tourism in the country, only behind California (#1) and Florida (#2). An estimated 40.8 million people visited Las Vegas alone in 2023, a 5.2% increase over 2022. According…
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Cultivation Study Highlights Environmental Need For Legalizing Interstate Cannabis Commerce
It doesn’t take a genius to understand that cultivating cannabis outdoors under the sun has less of an environmental impact compared to cultivating cannabis indoors under artificial lighting. However, recently published research findings have quantified the difference between the two cultivation methods. The results of the study, which were initially reported by Marijuana Moment, found…
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Cannabis Reform Is Boosting Projected Sales For Grow Lights
A new market analysis by Research and Markets has determined that the global grow lights market is “expected to reach USD 6.4 billion by 2029 from USD 2 billion in 2024, at a CAGR of 26.5% during the 2024-2029 period.” Research and Markets points to the spread of cannabis reform across the globe as a…
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Aspiring Cannabis Cultivation Associations Start Submitting Applications In Germany
As of July 1st, 2024, cannabis cultivation associations became legal in Germany as part of the nation’s new CanG adult-use cannabis legalization law. The first provisions of the law pertaining to personal cultivation, possession, and consumption went into effect on April 1st, 2024. Many jurisdictions in Germany are still in the process of establishing the…
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Illinois’ Legal Cannabis Industry Sold $141.8 Million Worth Of Products In June 2024
According to new data published this week by the Illinois Department of Financial and Professional Regulation, the state’s legal cannabis retailers sold $141,752,141.71 worth of cannabis products in June 2024. The total sales for June was down compared to May when the state’s legal industry sold over $146 million worth of cannabis products. Once again,…
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Maryland Sold Over $1.1 Billion Worth Of Cannabis In First Year Of Legal Sales
Maryland Governor Wes Moore announced this week that total medical and adult-use cannabis retail sales surpassed $1.1 billion in the first 12 months following the enactment of adult-use legalization in the state. “According to the Maryland Cannabis Administration, monthly retail sales surpassed $95 million in June, with the adult-use market accounting for more than $67…
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How Much Would A Legal Virginia Adult-Use Cannabis Market Be Worth?
In 2021, Virginia became the 17th state to adopt an adult-use cannabis legalization measure. While personal possession is now legal in Virginia, recreational cannabis sales remain prohibited. It is up to Virginia’s Legislature to approve legislation that permits legal adult-use sales in the state. “New Frontier Data, which studies cannabis, last year estimated the figure at $2.4…
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Washington D.C. May 2024 Medical Cannabis Sales Are Down 16.7% Compared To May 2023
Medical cannabis sales in Washington D.C. declined by a considerable amount in May 2024 compared to May 2023. Voters approved adult-use cannabis in Washington D.C. in November 2014, however, recreational cannabis sales remain prohibited. “Sales figures show a nearly 10% drop from April and a 16.7% decrease compared to May 2023.” Outlaw Report stated in its…