Washington State Legal Cannabis By The Numbers: February 1, 2018 – May 24, 2018

LCB Leaf Data

WASHINGTON:  The below statistics cover activity in Leaf Data Systems for the time period between February 1, 2018 and May 24, 2018.

BDS Analytics Raises $3.5 Million In Series B

BDS Analytics, Raises $3.5 Million in Series B

COLORADO:  BDS Analytics, a leading provider of cannabis market intelligence and consumer research, has raised $3.5 million in Series B funding in a round led by CanopyVentures and Altitude Investment Management, with participation from other leading investors, including Panther Opportunity Fund, and follow-on investments from several existing investors. “We are very pleased to receive investments from such an illustrious Read the full article…

Global Cannabis Testing Market – Increasing Use For Medical Purposes To Propel Growth

Global Cannabis Testing Market - Increasing Use for Medical Purposes to Propel Growth

UNITED KINGDOM: The latest market research report by Technavio on the global cannabis testing market predicts a CAGR of around 12% during the period 2018-2022. The report segments the global cannabis testing market by product (instruments, consumables, and software) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, Read the full article…

Legislation Key For The Legal Cannabis Market

The global cannabis market in 2016 was 14+ Billion

NEW YORK: The global legal cannabis market was valued at $14.3 billion in 2016 and is forecast to grow at a CAGR of 21.1% between 2017 to 2024, reaching $63.5 billion by 2024, according to a report by Ameri Research. The market is going through a period of robust growth thanks to increasing legalization and decriminalization of cannabis products across North Read the full article…

Eaze Data Report: Major Increase In Legal Marijuana Sales in California

The number of Baby Boomers ordering marijuana increased by 19 percent annually, the highest of any generation. Vaporizers and edibles are most popular among Millennials, while tinctures are most popular among Baby Boomers.

CALIFORNIA: -Eaze, a leading marijuana technology company, has released its Eaze Insights: 2017 State of Cannabis data report, a comprehensive overview of consumer trends driving the marijuana industry year over year. The report, which draws insights from the user behavior of more than 350,000 Eaze consumers and 15,000 survey respondents across the state of California, reveals that 2017 was a Read the full article…

The Nutraceuticals Market Is Expected To Grow To $275 Billion By 2021

KPMG forecast that the nutraceuticals market will be worth around $250 billion by 2018, and while the exact scope of what is considered a nutraceutical is broad and variable, the products identified in the KPMG report largely fell within the GBI definition of nutraceuticals.

UNITED KINGDOM:  Humans have been consuming choice foods for their medical benefits for millennia. The ancient Egyptians had over 800 known pharmacological treatments for disease, of which 160 were plant products – including compounds being investigated for use in disease today, such as cannabis Historically, herbal medicine utilized many compounds that are now considered nutraceuticals. For Read the full article…

Cannabis Market Begins to Mature in Legal States

Marijuana is big business

NEW YORK: According to a report by Ameri Research Inc., the global legal cannabis market was valued at $14.3 billion in 2016 and is forecast to grow at a CAGR of 21.1% between 2017 to 2024 and culminating to $63.5 billion by 2024. The market is going through a period of strong growth thanks to increasing legalization and decriminalization of Read the full article…

Global CBD Oil Market To Grow At 39.19% CAGR In 2017-2021.

global CBD oil market to grow at a CAGR of 39.19% during the period 2017-2021

UNITED KINGDOM: Cannabidiol (CBD) is one of the hundreds of cannabinoids found in the Cannabis sativa plant. CBD oil can be derived from two different species of cannabinoids: marijuana and hemp. The Americas dominated the global CBD oil market in 2016, followed by EMEA and APAC. Hemp-based CBD oil products have a lower delta-9 tetrahydrocannabinol (THC) Read the full article…

New Frontier Data And MassRoots Join Forces

New Frontier and MassRoots Team Up

DISTRICT OF COLUMBIA: New Frontier Data, a leading provider of data, analytics and business intelligence in the cannabis industry, and MassRoots have announced a partnership designed to “elevate digital marketing practices and better understand social consumer behavior at a pivotal time in the cannabis industry.” “It is an exciting time in the cannabis industry whereby Read the full article…

Data Projects Further Growth For The Legal Cannabis And CBD Markets

The industry keeps on growing

NEW YORK: According to Grand View Research, the global medical cannabis market is expected to reach USD 55.8 billion by 2025. Increasing use of cannabis for medical purposes is one of the key factors that drives the market. The CBD market is projected to experience rapid growth in the cannabis industry due to its medical benefits, which are Read the full article…