Tag: cbd
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Global Hemp-Based Product Market Projected To Reach $16.2 Billion By 2033
The global market for hemp-based products is projected to reach $16.2 billion by 2033, growing at a CAGR of 24.5% between 2023 and 2033, according to a market analysis by Fact.MR. The researchers estimated that the market was worth $1.8 billion in 2023. “Europe and North America collectively account for around 70% of the global…
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How Many Hemp Businesses Are Located In Louisiana?
The 2018 Farm Bill drastically changed the hemp industry in the United States. The 2018 measure legalized hemp production nationwide, and that, in turn, resulted in the creation of countless hemp-derived consumable products. Products containing CBD and ‘alternative cannabinoids’ such as delta-8 are now commonly found in many states, including Louisiana. According to original reporting…
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How Many Milligrams Are Allowed In Morocco’s Legal CBD Products?
According to domestic reporting in Morocco, the nation’s emerging CBD industry is set to pass a major milestone with legal products expected to hit retail store shelves this summer. “One of the most anticipated cannabis products is CBD-infused chocolate by Kyff, a company working under the Rabat-based Pharma Oksa Group.” stated New Arab in its initial…
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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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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…