Category: Geographical Data
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Worldwide Medical Cannabis Market Projected To Reach $77.13 Billion By 2032
The global medical cannabis industry is projected to reach an estimated $77.13 billion in value by 2032 according to a new market report by Straits Research. Straits Research describes itself as “a market intelligence company providing global business information reports and services.” “As per the latest report by Straits Research, the global medical cannabis market…
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Worldwide Cannabis Capsule Market Projected To Reach $79.2 Billion By 2028
The global cannabis capsule market is projected to reach an estimated $79.2 billion in value by 2028 according to a new market analysis by The Business Research Company. The company states that it “has published over 27 industries, spanning over 8000+ markets and 60+ geographies.” “The cannabis capsule market has experienced robust growth in recent…
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Legal Cannabis Market To Reach An Estimated $147.4 Billion Globally By 2030
The emerging legal global cannabis industry is projected to grow to an estimated $147.4 billion in value by 2030 according to a new market analysis by Vantage Market Research. Cannabis reform efforts around the world are driving the expected expansion of the legal cannabis industry. “The Global Cannabis Market was valued at USD 26.8 Billion in…
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Worldwide Legal Cannabis Market Projected To Grow By $100.61 Billion From 2024-2028
The global legal cannabis market is set to experience tremendous growth over the course of the next four years according to a recent industry analysis by Technavio. The company describes itself as “a leading global technology research and advisory company.” “The global legal cannabis market size is estimated to grow by USD 100.61 billion from 2024-2028, according to…
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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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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…