Tag: mexico
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Mexico’s CBD Industry Is Projected To Be Worth $675 Million By 2027
This week Mexico’s emerging legal hemp industry passed a major milestone, with Mexico’s Federal Commission for the Protection against Sanitary Risks (COFEPRIS) reportedly authorizing the cultivation of low-THC hemp plants (less than 1% THC content). The announcement came in the form of a letter from the regulatory entity to Semillas Endemicas Mexicanna SA de CV,…
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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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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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Cannabis Seizures At U.S./Mexico Border Have Dropped 98% Since 2013
According to data published on the United States Customs and Border Protection website, federal law enforcement agents seized a record low 61,000 pounds of cannabis at the U.S./Mexico border in 2023. “The total represents a 29 percent decline from 2022 and a 98 percent decline in seizure activity since 2013, when the agency reported interdicting more…