Tag: cbd
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Global CBD Industry Estimated To Be Worth $36.6 Billion By 2033
The global cannabidiol (CBD) market was worth an estimated $7.6 billion in 2023 according to a market analysis by Market.us, and will climb to a projected $36.6 in value by 2033. “Between 2023 and 2032, this market is estimated to register the highest CAGR of 27%.” the researchers stated. “Because of its therapeutic benefits, there…
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Global CBD Nutraceuticals Market Projected To Reach $16.9 Billion By 2032
The CBD nutraceuticals market was valued at $3.8 billion in 2022 according to a market analysis by DataHorizzon Research, and is anticipated to grow to $16.9 billion by 2032 at a CAGR of 16.3%. “The CBD nutraceuticals market is thriving due to the increasing awareness of the potential health benefits associated with CBD products. The…
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How Big Will The Global Cannabis Pharmaceutical Sector Be Worth By 2027?
The cannabis plant provides a number of wellness benefits to suffering patients. Medical cannabis can be consumed via various delivery methods, from pre-rolled joints and topical rubs to vaporizer devices. A consumption method that has grown in popularity among patients in recent years is cannabis pharmaceuticals. Cannabis pharmaceuticals are popular with many patients because they…
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How Big Is Slovenia’s Cannabis Industry In 2024?
Slovenia has so far been slower to modernize its cannabis policies compared to some of its European counterparts such as Malta and Germany. Still, there is an emerging domestic cannabis industry in Slovenia, largely based around CBD products. Cannabis is not technically legal in Slovenia, although personal possession in considered to be a minor offense.…
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How Many CBD Consumers Are There In Japan?
A March 2023 analysis by Comprehensive Research Report found that the global cannabidiol (CBD) market is projected to reach $59.43 billion by 2030. The researchers estimated that the global CBD market was worth $18.43 billion in 2022. One nation where CBD products are growing in popularity is Japan. Japan boasts one of the lowest cannabis consumer…
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How Big Is The Cannabis Industry’s Market Potential In France?
France is home to one of the largest cannabis consumer bases on earth. With a total population of roughly 68 million people, an estimated 10.6% of French adults reported having consumed cannabis within the last year according to a 2022 survey conducted by the French Observatory of Drugs and Addictive Tendencies in partnership with the…
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How Big Is The Czech Republic’s Cannabis Market Potential?
Political leaders in the Czech Republic have previously indicated that they would pursue the passage of a national adult-use cannabis legalization measure once Germany had passed its own adult-use legalization measure. Germany implemented the first provisions of its national legalization measure on April 1, 2024. How long it will take the Czech Republic to pass…
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31% Of Cannabis Consumers Report Spending $100+ Per Month On THC Products
The emerging legal cannabis industry in the United States is spreading thanks to the tireless work of cannabis advocates across the country. Cannabis is now legal for adult-use in 24 states and the District of Columbia, and several more have adopted medical cannabis legalization measures. Cannabis commerce is widespread now too. The Pew Research Center…
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CBD Skin Care Market Forecast To Reach $14 Billion By 2030
Certain sectors of the emerging legal cannabis industry have the potential to experience a massive boost in demand in the coming years for various reasons, and one of those sectors is cannabis topicals and skin care. According to Grand View Research, the global skin care market was worth an estimated $135.83 billion in 2022. Cannabis…