Category: CBD And Hemp Data
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Idaho Has Approved 2,577 Acres Of Hemp Production In 2024 So Far
The Idaho State Department of Agriculture has approved 2,577 acres of hemp production in 2024 so far, up from 459 acres in 2022 and 1,274 acres in 2023. However, the number of entities producing and/or handling hemp in Idaho is down in 2024, dropping from twenty three in 2023 to twenty in 2024. “A hemp…
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What Is The THC Limit For CBD Products In Japan?
In December 2023, Japan’s Parliament approved legislation that will overhaul the nation’s cannabis policies and regulations. Japan’s new cannabis laws permit the importation of cannabis-derived medications. The policy change was hailed by many observers as a great thing at the time since Japan had previously not permitted such commerce, however, part of the policy change…
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How Much Hemp Does Tasmania Grow?
Tasmania is an island state of Australia, located 240 kilometers to the south of the Australian mainland. Tasmania’s government is currently working to overhaul the Industrial Hemp Act 2015, which currently serves as the legal framework for Tasmania’s emerging hemp industry. “A recent report showed that Tasmanian hemp fields remained severely contracted in the 2023-2024…
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Mexico’s CBD Industry Is Projected To Be Worth $675 Million By 2027
This week Mexico’s emerging legal hemp industry passed a major milestone, with Mexico’s Federal Commission for the Protection against Sanitary Risks (COFEPRIS) reportedly authorizing the cultivation of low-THC hemp plants (less than 1% THC content). The announcement came in the form of a letter from the regulatory entity to Semillas Endemicas Mexicanna SA de CV,…
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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 Many Milligrams Are Allowed In Morocco’s Legal CBD Products?
According to domestic reporting in Morocco, the nation’s emerging CBD industry is set to pass a major milestone with legal products expected to hit retail store shelves this summer. “One of the most anticipated cannabis products is CBD-infused chocolate by Kyff, a company working under the Rabat-based Pharma Oksa Group.” stated New Arab in its initial…