Cannabis Sales On The Rise In North America

According to sales data from Colorado’s Department of Revenue released Friday, sales of recreational pot topped $59.2 million for the month, while medical marijuana dispensaries pulled in $41.4 million, for a combined $100.6 million — the highest monthly total since legal recreational cannabis sales began there in January 2014.

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

Legal Marijuana Market Worth $146.4 Billion By 2025

Legal Marijuana Market Worth $146.4 Billion by 2025 | CAGR: 34.6%: Grand View Research, Inc.

CALIFORNIA: The global legal marijuana market is expected to reach USD 146.4 billion by end of 2025, according to a new report by Grand View Research, Inc. Growing adoption of marijuana in several medical applications such as cancer, mental disorders, chronic pain and others is expected to propel revenue growth in near future. Legal marijuana has started gaining traction worldwide Read the full article…

Average Marijuana Consumer Will Spend $146 to Celebrate 4/20 This Year

Between the product itself, food munchies, and paraphernalia, the average 4/20 consumer is expected to spend $146.12 this Friday, with $71.35 of that going toward the actual product

By Mike Brown Marijuana has become relatively mainstream in American society today. And on no day is pot bigger than on April 20, commonly referred to as “4/20.” ​For marijuana consumers, 4/20 is akin to Christmas, Thanksgiving, and the Fourth of July all rolled up into one big holiday. Similar to how the holiday season Read the full article…

U.S. Wholesale Cannabis Price Erosion Continues

Wholesale pot prices are expected to continue to drop in 2018

CONNECTICUT: Cannabis Benchmarks, a division of New Leaf Data Services, LLC has released its Annual Review & Outlook: 2017-2018 Edition. The Report provides in-depth analysis of wholesale price movements in 2017 across legal cannabis markets, presenting an unparalleled picture of the supply side of one of the country’s most dynamic industries, and is now available Read the full article…

Legal Cannabis And CBD Products Sales Continue To Rise

MJ and CBD sales point up in 2018

NEW YORK:  The U.S. medical cannabis market is projected to reach $19.48 billion by 2024, according to a report by Hexa Research The anticipated growth is driven by the intensifying acceptance of medical advantages associated with cannabis, particularly for patients dealing with cancer, diabetes and chronic pain. Symptoms and conditions that may be treated with cannabis products Read the full article…

Legal Cannabis Market Projected To Grow As Customer Base Expands

Marijuana is big business

NEW YORK: According to a recent report from Brightfield Group, the global cannabis market is presently worth $7.7 billion and is projected to reach $31.4 billion by 2021. The United States accounts for about 90 percent of the whole market. But the U.S. domination of the market is expected to decrease to approximately 57 percent due to legalization of cannabis products in Read the full article…

Top Factors Driving the Global Hemp-Based Foods Market

Top Factors Driving the Global Hemp-Based Foods Market

GREAT BRITAIN: Technavio market research analysts forecast the global hemp-based foods market to grow at a CAGR of above 24% during the period 2018-2022, according to their latest report. This market research report segments the global hemp-based foods market into the following product type (hemp seed-based foods, hemp protein-based foods, and hemp oil-based foods) and key regions (the Americas, APAC, and EMEA). Technavio Read the full article…

CBD And Legal Cannabis Market On The Rise

CBD and Legal Cannabis Market On the Rise

NEW YORK: A recent report by Arcview Market Research indicates that consumer spending on legal cannabis in North America is outpacing previous estimates. The report projects that retail cannabis sales will grow 33% from 2016, to about $10 billion this year. The data published projects that by 2021 the legal cannabis market will reach a value of $24.5 billion and at Read the full article…

Cannabis Sales Projected To Increase as California Paves the way for Recreational use

MJ and CBD sales point up in 2018

CALIFORNIA: 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 or culminating to $63.5 billion by 2024, according to a report by Ameri Research. The market is going through a period of strong growth thanks to increasing legalization and decriminalization of cannabis Read the full article…