From 2018 to 2019, legal cannabis sales worldwide grew 46% to $14.7 billion, according to market researchers BDSA and Arcview Market Research. Comparatively, the sector saw a 16% growth in 2018. The analysts say recreational cannabis sales in Canada, California, and Massachusetts, and medical cannabis expansions in Florida and Oklahoma represented the largest contributors to 2019’s sales growth. Curated from Ganjapreneur
The newest release of the North American Cannabis Report, the only free-to-access report on the cannabis industry in the United States and Canada, estimates the cannabis market will be worth $47.3 billion by 2024. The market is set to grow at an unprecedented rate over the next five years, as legislation shifts in favour of […]
Two Kentucky-based hemp and cannabis cultivation companies will be launching a new initiative to examine how zero-gravity conditions can affect growing marijuana products. The goal is to see how growers can exert greater control over strains if they’re grown without gravitational stresses. To achieve these goals, the companies are teaming up with Space Tango, another […]
The marijuana industry may have already added over 175,000 jobs, but that’s just the beginning. Roughly 168,000 jobs are already directly associated with the marijuana business and another 7,000 for these publicly traded companies, which brings the industry up to 175,000 jobs for a growing industry. Only twenty-one states have legalized medicinal marijuana with more coming on […]