A new report projects that the global recreational marijuana market will nearly double over the next four years, with legal sales of adult-use cannabis climbing to almost $50 billion per year by 2027. The report, from U.K.-based cannabis data, media and tech company Prohibition Partners, credits global momentum in cannabis […]
Monthly Archives: December 2023
5 posts
A recent paper published in PNAS Nexus provides an in-depth review of the effects of the War on Drugs on people of color, the disproportionate ownership of cannabis businesses in today’s industry and how this affects cannabis research data, and recommendations to achieve inclusivity and improve representation. Entitled “Effects of […]
Sales of cannabis in Arizona have exceeded $1 billion this year, according to data from the state Department of Revenue. Total marijuana sales eclipsed the billion-dollar mark in September, marking the third straight year the state’s weed sales have reached the seven-digit milestone. So far this year, Arizona’s sales of […]
The popularity of CBD and other hemp-derived compounds continues to surge in terms of sales. A new report predicts that the CBD market is poised to surpass $36 billion dollars by 2033. According to market.us, the global Cannabidiol Market Size was valued at $7.6 billion in 2023 and is predicted […]
Oregon cannabis producers grew too much weed again this year, according to a new report, continuing the glut of marijuana that has plagued the state’s regulated pot industry for years. For much of this year, analysis of Oregon’s production of cannabis showed that the state was on a downward trend […]