Tag: asia
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Global Cannabis Food And Beverage Market Projected To Reach $2.63 Billion By 2026
The legal worldwide cannabis food and beverage market is projected to reach an estimated $2.63 billion by 2026 according to a new report by Allied Market Research. The projected increase in market value is attributed to cannabis policy modernization efforts around the globe and increased consumer demand. “According to a new report published by Allied…
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Global Medical Cannabis Market Projected To Be Worth $121.33 Billion By 2033
The global medical cannabis market is projected to be worth an estimated $121.33 billion by 2033 according to a new analysis by Spherical Insights. 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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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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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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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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How Many Countries Have Legalized Medical Cannabis?
According to a recent study conducted by researchers from Ukraine and France, and published by the U.S. National Institute of Health, 57 countries have adopted medical cannabis legalization measures. Israel was the first country to adopt a national medical cannabis legalization measure (1999), and Ukraine was the most recent (2024) as of the posting of…
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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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Thailand Study Finds No Association Between Cannabis Retail Density And ‘Hazardous Use’
Thailand made regional history when it 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. The nation’s prime minister recently announced that cannabis will be reclassified as a narcotic in Thailand by the…
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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…