Category: Geographical 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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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 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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How Many Medical Cannabis Patients Are Registered In Utah?
According to the most recent monthly report from the Utah Department of Health and Human Services (April 2024), the state has registered 86,335 medical cannabis patients. Additionally, the state has registered 955 ‘Qualified Medical Providers’, 919 ‘Pharmacy Agency’, and 77 ‘Pharmacy Medical Providers.’ Below is a graph listing Utah’s medical cannabis patient numbers over time:…
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Connecticut Dispensaries Sold $23.9 Million Worth Of Cannabis In April 2024
Legal cannabis dispensaries in Connecticut sold roughly $23.9 million worth of cannabis products in April 2024 according to new government data. The April sales total included both recreational and medical cannabis sales. April’s sales figures in Connecticut were $704,619 less compared to March 2024 – a 2.85 percent decrease. The month-to-month decrease in overall sales…