Category: CBD And Hemp Data
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How Big Is Italy’s CBD And Hemp Consumables Market?
Products that are hemp-derived and low in THC content, often referred to as ‘cannabis light,’ are very popular in Europe, including in Italy. According to leading Italian trade group Federcanapa, Italy’s emerging hemp-derived consumables industry includes 3,000 businesses and over 15,000 workers. Hemp-derived products, including CBD products, are currently governed by a patchwork of policies…
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What Is The Value Of The South Africa Cannabis Market?
South Africa’s Constitutional Court issued a landmark ruling in 2018 that deemed cannabis prohibition as it pertained to adult individuals to be unconstitutional. Part of the Court’s decision tasked lawmakers in South Africa with passing a cannabis policy modernization measure. The 2018 decision in South Africa left many questions unanswered, including how much cannabis a…
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What Is The Value Of The Texas Hemp-Derived Cannabinoids Market?
The 2018 Farm Bill legalized hemp production across the United States. Hemp was already legal at the state level in many parts of the country, however, the 2018 Farm Bill provided a major boost to the U.S. hemp industry and expanded the market considerably. Demand for hemp-derived cannabinoid products has grown exponentially in recent years,…
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Which U.S. State Grows The Most Floral Hemp?
For many years the hemp plant was largely used to make textiles and other non-consumable goods. However, in recent years demand for consumable, sometimes intoxicating hemp products has increased dramatically. The rise of floral hemp in the United States came about after the passage of the 2018 Farm Bill, which legalized hemp production nationwide. According…
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Global Cannabis Testing Market Worth An Estimated $1.8 Billion In 2024
The global cannabis testing market is projected to be worth an estimated $1.8 billion in 2024 according to a new market analysis by Markets and Markets. The testing market is projected to increase to $4 billion in value by 2029 (CAGR of 17.2%). “The important factors impacting market growth are legalization trends and rising medical…
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How Many ‘Hemp Dispensaries’ Are There In Texas?
Texas is the second most populous state in the U.S., only behind California. Yet, whereas California is home to the most non-hemp dispensaries in the nation, it is quite possible that Texas is home to the most ‘hemp dispensaries’ in the U.S. A hemp dispensary differs from non-hemp dispensaries based on the products that are…
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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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How Much Will Pakistan’s Legal CBD Industry Be Worth?
Cannabis cultivation is not new in Pakistan, however, a push in recent years has started the process of providing a path toward legal cannabis cultivation for the nation’s farmers. The process to legalize limited low-THC cannabis production began in Pakistan in late 2020, but it wasn’t until earlier this year until the nation established a regulatory…
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Global Hemp Clothing Market Size Projected To Reach $23.02 Billion By 2031
The global hemp clothing market is projected to experience significant growth in the coming years, reaching an estimated $23.02 billion by 2031 according to a market analysis by Allied Analytics LLP. “The global Hemp Clothing Market Size was valued at $2.29 billion in 2021, and is projected to reach $23.02 billion by 2031, growing at…
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Research And Markets Projects $561 Million Global Hemp Fiber Market By 2029
Industry researchers at Research and Markets estimate that the global hemp fiber market will be worth $378.56 million dollars in 2024, and that it will increase in value to a projected $561.8 million by 2029. “The global hemp fiber market is experiencing remarkable growth driven by increasing awareness of its environmental benefits and versatile applications.…