Tag: concentrates and oil
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Europe Medical Cannabis Oil Market Projected To Reach $2.39 Billion By 2032
The European medical cannabis oil market is projected to reach nearly $2.4 billion in value by 2032 according to a recent analysis by Astute Analytica. Astute Analytica describes itself as ‘a global analytics and advisory company.’ “According to Astute Analytica, the Europe medical cannabis oil market was valued at US$ 905.56 million in 2023 and is…
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Medical Cannabis Market Projected To Reach $53.88 billion By 2030
The global medical cannabis industry was worth an estimated $6.82 billion in 2020 and is projected to reach $53.88 billion in market value by 2030 according to a new report by Allied Market Research. The company describes itself as “a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon.” Allied…
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How Many Medical Cannabis Patients Are Registered In Illinois?
The State of Illinois began accepting applications for the Medical Cannabis Registry Program starting on September 2, 2014. Since that time, the Illinois Department of Public Health (IDPH) has approved applications for 329,539 qualifying patients. “The current total number of active patients in the MCPP program as of June 30, 2024, is 141,189.” IDPH stated…
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Does Canada Produce Too Much Legal Cannabis?
Canada’s legal cannabis industry is good at producing cannabis products. In fact, it’s likely a bit too good at producing such products. Canada first legalized cannabis for recreational use in October 2018, and by August 2020, companies in Canada already had an excess of roughly 600,000 kilograms of unpackaged dried flower and 46,413 more kilograms…
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Maryland Sold Over $90 Million Worth Of Legal Cannabis In April 2024
According to updated data on the Maryland Cannabis Administration’s sales dashboard, the state’s legal cannabis industry sold $92,291,643 worth of medical and adult-use cannabis products in April 2024. The sales total was down from $95,956,410 in March 2024. Maryland’s legal medical cannabis sales were roughly $30 million in April 2024, with adult-use cannabis sales making…
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The Legal Global Cannabis Market Projected To Reach $125.4 Billion By 2030
A new report published by Research and Markets is projecting that the legal global cannabis market will be worth an estimated $125.4 billion by 2030. Research and Markets also recently published a report projecting that the global medical cannabis sector will be worth$82.5 billion by 2030. “The global market for Legal Marijuana estimated at US$30.6…
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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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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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How Many Medical Cannabis Patients Are Registered In Washington D.C.?
Local lawmakers approved a medical cannabis legalization measure in May 2010. A component of the measure allowed the launch of eight initial medical cannabis dispensaries in the Washington D.C. area. In January 2023, the Medical Cannabis Amendment Act of 2022 became effective. The measure overhauled Washington D.C.’s medical cannabis program, making the program more accessible…
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Global Cannabis Market Projected To Reach $496 Billion By 2025
The global cannabis industry is far from being a new thing, although a vast majority of the world’s cannabis market remains unregulated. According to an analysis by New Frontier Data, cannabis consumers around the globe “spent an estimated $415 billion on high-THC cannabis in 2020” and that figure is expected to increase to $496 billion…