Category: Sector Data
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How Many Certifications Has Ganjier Issued?
In the food and beverage industry, sommeliers, or wine stewards, serve a vital role. Sommeliers are trained and knowledgeable wine professionals, often working in fine dining restaurants, who specialize in all aspects of wine service as well as wine and food pairing. A similar level of professional designation can be found in the cannabis industry…
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Did German Legalization Boost European Cannabis Seed Sales?
According to the results of a recent YouGov poll, many German adults have already purchased cannabis seeds or clones after the first provisions of the nation’s recreational cannabis legalization law took effect on April 1st. People 18 years or older in Germany can now cultivate up to three plants in their private residences. Since legalization…
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Medical Cannabis Packaging Market Projected To Reach $117.2 Billion By 2032
The global cannabis packaging market is projected to reach $117.2 billion in value by 2032 according to a recent analysis by Astute Analytica. The entity describes itself as “a global analytics and advisory company.” “The global medical marijuana packaging market was valued at US$ 6.5 billion in 2023 and is projected to reach US$ 117.2 billion…
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What Are The Most Popular Cannabis Strains In Ohio?
In November 2023, Ohio became the 24th state to adopt an adult-use cannabis legalization measure. Ohio regulators are currently accepting and processing applications for the state’s legal recreational cannabis industry, and legal adult-use cannabis sales are expected to begin in Ohio as soon as next month. Leafly is a popular online cannabis platform and describes itself…
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What Are The Average Market Rates For Cannabis In Colorado?
Colorado will forever be home to the first legal recreational cannabis purchase in United States history. Colorado voters approved Amendment 64 in 2012, and the first legal adult-use sales in the state began on January 1st, 2014. According to a statewide poll that was recently conducted by the Colorado Polling Institute, 67 percent of Colorado voters…
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How Popular Are Cannabis Drinks And Beverages In The United States?
Products in the cannabis drinks sector can come in various forms, including infused tonics and sodas. Some companies are incorporating resealable tops to their cannabis-infused sodas, which is very helpful when trying to stick to a precise dosage. An example can be found in the video below: According to cannabis data company BDSA, and as…
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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 Cannabis-Infused Drinks Market Projected To Reach $8.7 Billion By 2032
The global cannabis-infused drinks market was estimated to be worth $400 million in 2022 and is projected to reach $8.7 billion in value by 2032 according to a market analysis by Fact.MR. The market analysis entity is located in Ireland. “This astounding market growth is because worldwide demand for cannabis infused drinks is estimated to…
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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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Global Cannabis Pharmaceuticals Market Projected To Reach $102.4 Billion By 2030
The global cannabis pharmaceuticals market size is projected to reach $102.4 billion by 2030, expanding at a CAGR of 53.3% from 2024 to 2030, according to a new analysis by Research and Markets. “Growing use of cannabis in various medical applications is driving the global pharmaceutical cannabis market growth. For instance, cannabis is widely used…