The Impact of Cannabis on the Economy: How This Industry is Driving Growth
The global cannabis market is projected to grow from a value of USD 27.7 billion in 2022 to USD 82.3 billion by 2027, at a compound annual growth rate (CAGR) of 24.3%.
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This growth is being driven by several factors, including:
The increasing legalization of cannabis for medical and recreational use in...
Cannabis Market Revenue, Trends, Leading Companies, Analysis, Outlook
According to MarketsandMarkets, the global cannabis market
size is estimated to be valued at USD 20.5billion in 2020 and is projected to
reach USD 90.4 billion by 2026, recording a CAGR of 28.0% in terms of value.
The growth of cannabis market can be attributed to the increasing legalization
of cannabis across various regions. Along with that, growing medicinal
applications of cannabis will further...
Cannabis Market Insights with Trends and Future Opportunities
The cannabis market is projected to grow at a CAGR of 28.0% during the forecast period
According to MarketsandMarkets, the cannabis market is estimated to be valued at USD 20.5 billion in 2020 and is projected to reach USD 90.4 billion by 2026, recording a CAGR of 28.0 %, in terms of value. The market is primarily driven by factors such as growing medical applications of cannabis and increasing...
Latest Innovations in Cannabis Market
The cannabis market size is expected to grow from USD 10.3 billion in 2018 to USD 39.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period. The cannabis market is driven by various factors such as the growing medicinal application of cannabis and the increasing legalization of cannabis. However, a complex regulatory structure for the use of cannabis can hinder...
Explore the Jaw-Dropping Growth Potential in Industrial Hemp Market
According to the US Farm Bill 2014, industrial hemp is defined as, “the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration of not more than 0.3% on a dry weight basis.”
MarketsandMarkets projects that the global industrial
hemp market is projected to grow from USD 4.6 billion in 2019 to USD 26.6
billion by...
Cannabis: Increasing medicinal use driving market growth
Cannabis is a drug derived from the cannabis sativa, cannabis indica, and hybrid strains. Although cannabis is composed of different cannabinoids, the two main cannabinoids that are considered to be the most active compounds are tetrahydrocannabinol (THC), the psychoactive compound, and cannabidiol (CBD), the non-psychoactive compound. The market definition for cannabis, in this study, takes into...