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market-insider · 2 years

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COVID-19 Pandemic Has Impeded The Growth Of Legal Cannabis Market

The global legal cannabis market size is expected to reach USD 134.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 25.3% from 2022 to 2030. The increased legalization across different nations of the usage of cannabis-derived products has gained a lot of popularity. Medical cannabis-based has been used in the treatment of various indications like epileptic seizures, nausea related to chemotherapy, anxiety, and other brain-related diseases. Several studies are being conducted for CBD products in various indications. The medical fraternity has slowly increased acceptance of medical cannabis as well as marijuana and its derivatives owing to its legalization by the governments. Some countries like Canada, the U.S., and Uruguay have legalized its recreational use along with medicinal use. Adult use and recreational use of marijuana is readily available in some of the countries’ markets, thereby increasing adoption and market growth. The COVID-19 pandemic has impeded the growth of the market. Supply chain disruptions and a surge in panic buying scenarios led to the increase in the demand-supply gap, thereby affecting the market growth. However, it is expected to grow post-pandemic with the increased support from governments and ever-increasing demand.

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Based on source, the marijuana segment accounted for the largest revenue share of over 70.0% in 2021 and is expected to exhibit the fastest growth rate during the forecast period. Marijuana is easily available and consumers are becoming more aware of its therapeutic properties alongside the more traditional recreational uses. It has been seen to reduce stress and relieve pain, thereby improving sleep irregularities. The decriminalization and legalization of marijuana usage have resulted in a marked reduction in illegal activities surrounding marijuana. CBD is quite potent when it comes to derivatives of the cannabis plant, thus it has emerged as the largest derivative segment with a revenue share of over 65.0% in 2021. The adoption of CBD-based products is increasing rapidly owing to the non-psychoactive nature of the derivative, thereby fueling market growth. In addition, positive attitudes of the medical fraternity toward CBD-based medicines are further propelling the segment growth. In addition, the others segment is anticipated to grow at the fastest rate during the forecast period owing to rising awareness and acceptance regarding the derivatives, along with increasing geographies sanctioning the use of various cannabinoids for medical and other purposes.

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Grand View Research, Inc. has segmented the global legal cannabis market on the basis of source, derivative, end use, and region.

#Legal Cannabis Market Size & Share #Global Legal Cannabis Market #Legal Cannabis Market Latest Trends #Legal Cannabis Market Growth Forecast #COVID-19 Impacts On Legal Cannabis Market #Legal Cannabis Market Revenue Value

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globeresearchtrends · 7 days

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Dietary Supplements Packaging Market Growth Strategies, Quality Assessment, and Trends by 2024-2031

The "Dietary Supplements Packaging Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.

What is the projected market size & growth rate of the Dietary Supplements Packaging Market?

Market Analysis and Insights :

Global Dietary Supplements Packaging Market

The dietary supplements packaging market is expected to be growing at a growth rate of 5.1% with USD 29,030.62 million in 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of dietary supplements packaging market. This rise in dietary supplements packaging market value can be attributed to the rising shopper awareness regarding the biological process edges of dietary supplements is projected to fuel market growth.

Nutrients area unit essential a part of the diet so area unit supplements professional diet and are consumed to complement the nutrient worth of traditional day to day food. Therefore it becomes essential to show the data concerning the parts gift within the supplements by providing their nutrient worth and composition to shoppers so as to direct their diet set up as recommended by the medico or the specialist. Packaging of such supplements and biological process product permits this operate and also the entire data is written on the package for the shoppers to urge a broad plan of the merchandise.

The growth of supplements with innovative ingredients, such as cannabis, that are effective in treating chronic, inflammatory, and neuropathic pain is an opportunity for the demand of supplements packaging market.

However, the fluctuating raw material prices and increasing packaging costs act as major market restraints for the market growth over the approaching years.

The increasing want for light-weight, resealable, property, and travel-friendly packaging is anticipated to grow the demand for dietary supplements packaging. The demand from contract producing has rapidly been driving the market growth. Furthermore, the high adoption of immunity boosting supplements due to the COVID-19 outbreak, rise in the launches of CBD-infused nutraceuticals and rise in the consumer awareness regarding nutrition, health, and wellness are also driving the growth of the market.

This dietary supplements packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on dietary supplements packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

This research report is the result of an extensive primary and secondary research effort into the Dietary Supplements Packaging market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Dietary Supplements Packaging Market.

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Which are the driving factors of the Dietary Supplements Packaging market?

The driving factors of the Dietary Supplements Packaging market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Dietary Supplements Packaging across various industries further propel market expansion.

Dietary Supplements Packaging Market - Competitive and Segmentation Analysis:

Global Dietary Supplements Packaging Market, By Packaging Type (Primary Packaging, Secondary and Tertiary Packaging), Material (Glass, Plastic, Metal, Paper and Cardboard), Formulation (Tablets, Capsules & Pills, Powder, Soft Gels, Liquids), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2031

How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Which are the top companies operating in the Dietary Supplements Packaging market?

The major players covered in the dietary supplements packaging market report are Glenroy, Inc., Comar,., Alpha Packaging, Graham Packaging Company, Gerresheimer AG, ePac Holdings, LLC, Law Print & Packaging Management Ltd., Packaging Supply, Inc., BALL CORPORATION, SKS Bottle & Packaging, Inc, Assemblies Unlimited, Inc., among other domestic and global players.

Short Description About Dietary Supplements Packaging Market:

The Global Dietary Supplements Packaging market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Dietary Supplements Packaging. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.

Dietary Supplements Packaging Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Dietary Supplements Packaging in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters

What are the key regions in the global Dietary Supplements Packaging market?

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Dietary Supplements Packaging Market Research/Analysis Report Contains Answers to your following Questions

What are the global trends in the Dietary Supplements Packaging market?

Would the market witness an increase or decline in the demand in the coming years?

What is the estimated demand for different types of products in Dietary Supplements Packaging?

What are the upcoming industry applications and trends for Dietary Supplements Packaging market?

What Are Projections of Global Dietary Supplements Packaging Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

Where will the strategic developments take the industry in the mid to long-term?

What are the factors contributing to the final price of Dietary Supplements Packaging?

What are the raw materials used for Dietary Supplements Packaging manufacturing?

How big is the opportunity for the Dietary Supplements Packaging market?

How will the increasing adoption of Dietary Supplements Packaging for mining impact the growth rate of the overall market?

How much is the global Dietary Supplements Packaging market worth? What was the value of the market In 2020?

Who are the major players operating in the Dietary Supplements Packaging market? Which companies are the front runners?

Which are the recent industry trends that can be implemented to generate additional revenue streams?

What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Dietary Supplements Packaging Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Global Dietary Supplements Packaging Market Insights and Forecast to 2031

Introduction

Market Segmentation

Executive Summary

Premium Insights

Market Overview

Dietary Supplements Packaging Market By Type

Dietary Supplements Packaging Market By Function

Dietary Supplements Packaging Market By Material

Dietary Supplements Packaging Market By End User

Dietary Supplements Packaging Market By Region

Dietary Supplements Packaging Market: Company Landscape

SWOT Analysis

Company Profiles

Continued...

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Data Bridge Market Research:

Today's trends are a great way to predict future events!

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wellnessweb · 12 days

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Medical Marijuana Market Size: Impact of Legalization

The Medical Marijuana Market size was valued at USD 16.68 Bn in 2023 and is expected to reach USD 80.88 Bn by 2031, with a CAGR of 21.81% over the forecast period of 2024-2031.The medical marijuana market has experienced significant growth and transformation in recent years, driven by increasing legalization and evolving public perceptions of cannabis as a legitimate therapeutic option. Valued at billions of dollars globally, this market is characterized by a dynamic interplay of innovative product development, regulatory advancements, and robust research into the medicinal benefits of cannabinoids. Countries and states with progressive policies have become hotbeds for investment, fostering an ecosystem where pharmaceutical companies, biotech firms, and startups collaborate to create sophisticated cannabis-based treatments for a range of conditions, including chronic pain, epilepsy, and multiple sclerosis. As consumer demand for alternative therapies rises, the medical marijuana market continues to expand, poised for further growth as scientific validation and regulatory acceptance continue to evolve.

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Market Scope & Overview

The Medical Marijuana Market report's main goal is to provide readers with a better understanding of the industry, including market segmentation, potential, significant trends, and issues that developed and emerging nations must deal with. The research report's objective is to show how the current situation, the economic downturn, and COVID-19 have an impact on the entire industry.

The latest research report on Medical Marijuana Market provides a thorough analysis of the factors affecting the scope of the global market. Our researchers, who keep an eye on the situation around the world, predict that the market will offer lucrative business opportunities for market participants.

Market Segmentation Analysis

By Product Type

Flower

Oil & Tinctures

By Application

Chronic Pain

Arthritis

Migraine

Cancer

Diabetes

AIDS

Epilepsy

Others

COVID-19 Impact Analysis

We routinely monitor Medical Marijuana Market changes and consumer behavior as the distinct coronavirus (COVID-19) problem spreads throughout the world. Then, while predicting the most recent market trends and forecasts, we take the epidemic's effects into account. Market participants who are developing strategies for pandemic-like events may find this information useful.

Regional Outlook

To predict the future course of the global Medical Marijuana Market, advancements in each region are graphed using precise historical data. To evaluate the strengths, weaknesses, opportunities, and threats that these companies anticipate will exist throughout the projected period, a SWOT analysis is conducted.

Competitive Analysis

The most recent study carefully examines the businesses that compete in the Medical Marijuana Market, including those that serve as suppliers of raw materials, equipment, end users, traders, and distributors. By carefully analyzing current supply and demand patterns, critical financial information of significant market participants, and the market's impact of recent economic changes, the research is intended to provide a 360-degree analysis of the global market.

Key Reasons to Buy Medical Marijuana Market Report

We can give you any extra details that aren't covered by the report as part of the research customization.

The competitive landscape section of the report contains comprehensive profiles of the key companies operating in the sector.

The research report covers impact analysis for COVID-19 pandemic period and post pandemic phase.

Conclusion

The Medical Marijuana Market research report will help industry participants understand the strategies used by prosperous companies to prosper in the recent global market.

About Us

SNS Insider is a market research and insights firm that has won several awards and earned a solid reputation for service and strategy. We are a strategic partner who can assist you in reframing issues and generating answers to the trickiest business difficulties. For greater consumer insight and client experiences, we leverage the power of experience and people.

When you employ our services, you will collaborate with qualified and experienced staff. We believe it is crucial to collaborate with our clients to ensure that each project is customized to meet their demands. Nobody knows your customers or community better than you do. Therefore, our team needs to ask the correct questions that appeal to your audience in order to collect the best information.

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chemicalsectorupdates · 2 months

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Understanding the Economic Impact of the Alcoholic Beverages Market

The Global Alcoholic Beverages Market will grow at highest pace owing to rising socialization and disposable income The global alcoholic beverages market includes a variety of alcoholic drinks such as beer, wine, and spirits. Beer remains the most popular alcoholic drink consumed globally due to its affordable costs and refreshing taste. Wine is considered a luxury drink and is majorly consumed during social gatherings and festive occasions. Spirits such as whiskey, vodka, gin, and rum are gaining traction among the young population as premium drinks. Rising socialization, growing purchasing power, expanding distribution channels, and changing lifestyles have been driving the sale of alcoholic beverages across the globe. The Global Alcoholic Beverages Market is estimated to be valued at US$ 1,769.41 Bn in 2024 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the alcoholic beverages are Anheuser-Busch Inbev (BUD) (Belgium)Asahi Group (Japan)Bacardi (Bermuda)Brown Forman (U.S.)Carlsberg (Denmark)Constellation Brands (U.S.)Diageo (U.K.)Heineken (Netherlands)Pernod Ricard (France)Suntory (Japan). The increasing disposable income and changing demographic trends have been fueling the demand for new flavors and premium alcoholic drinks. Rapid urbanization, western influence, and rising social media promotions have encouraged experimental tastes and innovative product launches. Technological advancements in breweries and distilleries have improved efficiency, quality, and production capacity. Market Trends Health consciousness is influencing product innovation toward low- and no- alcohol drinks. Companies are introducing flavored alcoholic beverages and ready-to-drink cocktails to capture new consumers. Sustainability has become an important business priority for brands. They are focusing on eco-friendly packaging and renewable energy sourcing. Market Opportunities Emerging markets like Asia Pacific and Middle East offer immense growth potential. Rising middle class and experimental young population are lucrative consumer segments. Online retail channels provide opportunities to penetrate new regions and expand reach. Functional beverages infused with botanicals and nutrients can attract health-conscious customers. Companies can explore opportunities in cannabis-infused drinks after legalization in some regions. Impact of COVID-19 on Alcoholic Beverages Market Growth The COVID-19 pandemic has significantly impacted the growth of the alcoholic beverages market. During the peak of lockdowns in 2020, on-trade sales suffered tremendously as bars, pubs and restaurants were closed for several months. This led to a decline in overall consumption as these venues account for a major share of alcoholic beverage sales worldwide. However, off-trade sales increased as people stocked up beverages to consume at home during lockdowns. Beer was the hardest hit segment due to its high on-trade consumption. Spirits and wine fared better relatively as they had a better mix of off-trade sales. Going forward, the market is forecast to return to growth driven by rapid recovery in the on-trade channel along with sustained elevated off-trade demand. However, risks of future lockdowns due to virus mutations remains a challenge in the long-term outlook. Maintaining operational resilience and adapting product portfolios according to changing consumer preferences will be crucial for industry players in the post-pandemic landscape. Fastest Growing Region in the Alcoholic Beverages Market The Asia Pacific region is poised to be the fastest growing market for alcoholic beverages over the forecast period. This can be attributed to improving economic conditions, expanding middle class and shifting social trends in multiple developing countries. Rapid urbanization provides major opportunities for premiumization as young consumers aspire for international branded beverages.

#Alcoholic Beverages Market Growth #Alcoholic Beverages Market Trends #Alcoholic Beverages Market Shares

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wtfcannabis15 · 6 months

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Green Revolution: Navigating the Future of Cannabis Delivery in Canada

The landscape of the cannabis industry in Canada has undergone significant transformation since the legalization of marijuana in October 2018. This marked a pivotal change, positioning Canada as a global leader in the legal cannabis market. The shift from prohibition to a regulated market has profoundly impacted both consumers and businesses. In particular, the Canada weed deliveryﾠconcept has emerged as a critical element in this new era. This service provides a convenient and discreet method for Canadians to access cannabis products. The introduction of online platforms has further revolutionized the market, ensuring a seamless and efficient customer experience.

Navigating Online Cannabis Purchases:

The trend towards digitalization has not spared the cannabis industry. Order weed online Canadaﾠhas become a buzzword, symbolizing the ease and efficiency with which consumers can now access cannabis products. The online marketplace offers a wide range of products, from medicinal to recreational cannabis, catering to a diverse customer base. The ease of navigation, detailed product descriptions, and user reviews enhance the online shopping experience. Moreover, strict compliance with Canadian laws ensures that online platforms operate within legal boundaries, providing customers a safe and secure environment for their transactions.

Impact on Canadian Economy and Society:

The emergence of 'Canada weed delivery' services has reshaped consumer behaviour and contributed significantly to the Canadian economy. The cannabis industry has created numerous jobs, from cultivation to retail, and has opened up new avenues for entrepreneurship. This economic boost is coupled with the societal impact of reducing illegal market activities. Furthermore, regulating cannabis sales has led to quality control and consumer safety, ensuring that products meet health standards. The convenience of having cannabis delivered to one's doorstep exemplifies how technology and legalization have combined to enhance the user experience.

Advantages of Online Weed Delivery:

The phrase 'Order weed online Canada' encapsulates the modern approach to cannabis consumption in the country. The advantages of online weed delivery are manifold:

It offers privacy and discretion, which is particularly important for consumers who prefer to keep their cannabis usage private.

It provides access to a broader range of products than might be available in physical stores. Online platforms often feature detailed descriptions and reviews, which assist consumers in making informed choices.

The convenience of home delivery, especially during times like the COVID-19 pandemic, has been a significant factor in the popularity of online cannabis platforms.

Conclusion:

As we look towards the future, it's clear that the Canadian cannabis industry will continue to evolve. Integrating technology in 'Canada weed delivery' and 'Order weed online Canada' services will likely bring more innovations, improving customer experiences and driving the industry forward. The market is poised for further growth, with potential expansions into new product lines and international markets. In conclusion, platforms like Wtfcannabis.io are at the forefront of this evolution, offering a glimpse into the future of the cannabis industry in Canada and setting new standards for convenience, quality, and customer satisfaction.

For more info :-

Order weed online Canada

Canada weed delivery

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cmr-insights · 9 months

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Drug Delivery System Market Statistics and Global Analysis Report 2030

The Global Drug Delivery System Market was valued at US$ 39,615.3 Million in 2022 and is anticipated to reach US$ 73,555.89 Million by the end of 2030 with a CAGR of 8.1% from 2023 to 2030.

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Biomedical engineers have played a significant role in comprehending the physiological barriers to efficient drug delivery and have developed various new modes of drug delivery that have been implemented clinically. However, despite these achievements, many disease treatments still have undesirable side effects. Side effects arise when drugs interact with healthy organs or tissues, which can impede our ability to treat diseases like cancer, neurodegenerative diseases, and infectious diseases. The continued progress in this area will aid in the targeted delivery of drugs while also minimizing their side effects.

Drug Delivery System Market to Recover Amid COVID-19 Pandemic

The drug market offers a vast selection of products that consist of various substances. Four of the most prominent drug markets worldwide are cannabis, cocaine, opiates (mainly heroin), and synthetic drugs, each with a unique distribution across different regions. A few countries have a monopoly on producing cocaine and heroin, while synthetic drugs and cannabis are produced in almost all countries. The COVID-19 measures in place will impact drug production differently due to their diverse manufacturing methods (concentrated in few countries or spread out) and inputs (labor force and chemicals). The implementation of these measures can affect drug production directly, such as reducing the available workforce for harvesting, or indirectly, such as disrupting the supply chain of precursor chemicals, which are often diverted from legal markets. The sale of drugs at the source of production may also be affected. If buyers are unable to reach isolated locations where drugs are cultivated or produced due to mobility restrictions, the overall supply will be impacted.

Increasing Prevalence of Chronic Diseases to Boost Drug Delivery System Market

There is a growing need for healthcare services that cater to drug-related issues due to the rise in awareness and incidence of problems. In developed areas, insurance companies are covering treatments. The demand for drug care has also increased due to unhealthy eating habits in children, concerns about aesthetics among young people, and an aging population. For example, the American College of Prosthodontists (ACP) reports that there are currently 39,241.2 million completely edentulous people in the U.S. and another 18 million edentulous in one arch. Additionally, the Centers for Disease Control and Prevention states that in 2014, 83% of children aged 2-17, 62% of adults aged 18-64, and 62.4% of adults aged 65 and above had dental visits throughout the year.

North America to Spearhead the global Drug Delivery System Market

The demand for personalized cosmetic dental care is on the rise, as people look to improve their appearance, quality of life, and dental health. This trend is driving market growth, as is the increasing investment in healthcare infrastructure and research and development in North America. Regulatory authorities in the region are also establishing clearer guidelines and processes for the approval of Dental 3D Printing, creating a more favorable regulatory environment for the development and commercialization of these therapies.

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Companies in the global drug delivery system market are adopting various strategies to expand their market share and revenue. These include forming partnerships and collaborations to accelerate the development of new therapies, investing in research and development for drug delivery systems, expanding their geographical presence, and acquiring or merging with other companies for access to new technologies. Additionally, companies are investing in marketing and promotional activities to increase awareness and educate healthcare professionals. Some key players in this market include Novartis, AG, and Bayer.

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delvens-blog · 9 months

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Medical Cannabis Market at a Highest CAGR of 22.12% by 2030

Medical Cannabis Market, by Product (Oil, Medical Cannabis Capsules, Patch, Whole Flower, Ground Flower, Vape Pen, Dried Medical Cannabis, Creams & Moisturizer, Masks & Serum, Cleanser, and Others), Source (Natural and Synthetic), Species (Cannabis Indica, Sativa, and Hybrid), Application (Alzheimer’s Disease, Appetite Loss, Cancer, Inflammatory Bowel Diseases, Eating Disorders, Epilepsy, Autism, Mental Health Conditions, Multiple Sclerosis, Pain Management, Nausea, Muscle Spasms, Wasting Syndrome (Cachexia), Elevate Mood, Depression and Sleep Disorders, Anxiety, and Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

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Market Overview

The Medical Cannabis market size was estimated at USD 16.85 billion in 2023 and is projected to reach USD 68.26 billion in 2030 at a CAGR of 22.12% during the forecast period 2023-2030.

Medical Cannabis refers to the use of the cannabis plant of its derivatives, such as cannabinoids like THC and CBD, for medical purposes. It is used to treat various conditions, like chronic pain, epilepsy, multiple sclerosis, and nausea associated with chemotherapy and many more. Its legality and availability vary by country and region. The two main active compounds in cannabis are tetrahydrocannabinol (THC) and cannabidiol (CBD), each of which has distinct effects on the body.

Medical cannabis can be administered through various methods such as smoking, vaping, edibles, oil and tinctures, topicals, capsules, etc. However, it is important to note that while medical cannabis holds potential benefits, its not without risks. Side effects can include dizziness, dry mouth, impaired cognitive function, and in some cases, increased anxiety or paranoia. Additionally, its legality and regulations vary widely around the world, with some places allowing medical use under strict conditions and others not permitting it at all.

The medical cannabis market is expected to grow significantly in the forecast period driven by factors such as the increasing legalization of medical cannabis in various countries, rising prevalence of chronic diseases and development of new medical cannabis products and delivery methods. However, the medical cannabis market also faces certain challenges that could hinder its growth. Such factors include, regulatory uncertainty, lack of scientific evidence and negative public perception.

The COVID-19 pandemic has had a mixed impact on the medical cannabis market. It has led to increased demand for medical cannabis products due to increased stress and anxiety and increased access to medical cannabis. However, the pandemic has also had some negative impact on the medical cannabis market such as disruption of supply chains and businesses in the medical cannabis industry experiencing financial difficulties. Moreover, certain governments imposed stricter regulations on the medical cannabis industry during the pandemic.

Delvens Industry Expert’s Standpoint

The medical cannabis market is expected to grow during the forecast period. This growth can be attributed to various factors. Firstly, as of 2023, medical cannabis is legal in over 30 countries around the world, and this number is expected to grow in the coming years. This is due to the growing research that supports the use of medical cannabis for a variety of conditions, including chronic pain, nausea, seizures and anxiety. Moreover, the medical cannabis industry ins rapidly evolving, and new products and delivery methods are being developed all the time. This is making medical cannabis more accessible and convenient for patients, and it is also opening up new treatment possibilities. However, certain factors might hamper the growth of the market during the forecast period. The demand for medical cannabis is growing faster than the supply, which could lead to shortages in the future. This could drive up prices and make medicinal cannabis less accessible to patients. Moreover, synthetic alternatives to medical cannabis are being developed, and these could pose a threat to the industry.

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Key Findings

Based on product, the market is segmented into oil, medical cannabis capsules, patch, whole flower, ground flower, vape pen, dried medical cannabis, creams & moisturizer, masks & serum, cleanser, and others. The flowers dominated the market in this segment. This is owing to the higher availability and huge consumer base for flower-based marijuana.

Based on derivatives, the market is bifurcated into Cannabidiol (CBD), Tetrahydrocannabinol (THC)/ Delta-8-Tetrahydrocannabinol, Cannabigerol (CBG), Cannabichromene (CBC), Cannabinol (CBN), Cannabicyclol (CBL), Others. The cannabidiol (CBD) dominated the market in this segment. This is due to wide range of application of cannabidiol in medical conditions such as seizure disorder or epilepsy, anxiety, pain, muscle disorder, Crohn’s disease, and Parkinson’s.

Based on route of administration, the market is segmented into oral solutions and capsules, inhalation (smoking, vaporizers), topicals, others. Inhalation dominated the market in this segment. Inhalation offers immediate effect and is the most widely used and effective method of consumption.

The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period. In North America, recreational legalization of marijuana began in 2012 in the US. As of 2022, various states, two territories and the district of Columbia have legalized it for recreational purposes.

Regional Analysis

North America to Dominate the Market

North America is estimated to account for the largest market share during the forecast period due to the increasing investment in medical cannabis.

Moreover, the legalization of cannabis in various countries in North America allows the region to dominate the market during the forecast period.

Competitive Landscape

Aurora Cannabis

BARNEY’S FARM

CANNABIS SEEDS USA

CANOPY GROWTH CORPORATION

Cresco Labs

EcoGen Biosciences

Elixinol Global Limited

ENDOCA

Extractas

FOLIUM BIOSCIENCES

HEXO Corp. (Zenabis Global Ltd)

HUMBOLDT SEED COMPANY

JAZZ Pharmaceuticals Inc. (GW Pharmaceuticals plc)

Medical Marijuana, Inc.

MediPharm Labs Inc.

Peace Naturals Project Inc.

PharmaHemp

Seed Cellar

Seeds For Me

Tilray

World Class Cannabis Seeds (Crop King Seeds)

Recent Developments

In August 2023, White Earth Nation Launches Medical Cannabis Program & Adult-Use Cannabis Sales becoming one of the first dispensaries to legally sell Adult-Use marijuana in Minnesota.

In Feb 2023, BOHECO introduces India’s first line of clinically trialled medical cannabis products. The company plans to provide hemp-based wellness by introducing clinically tested and research backed medical cannabis products.

Reasons to Acquire

Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.

Gain authentic and granular data access for the Medical Cannabis Market to understand the trends and the factors involved in changing market situations.

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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#Medical Cannabis Market #Medical Cannabis #Medical Cannabis Market Size #Medical Cannabis Market Share #Medical Cannabis Market Trends

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delvenservices · 10 months

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Medical Cannabis Market Global Sales & Industry Share Analysis

Market Overview

The Medical Cannabis market size was estimated at USD 16.85 billion in 2023 and is projected to reach USD 68.26 billion in 2030 at a CAGR of 22.12% during the forecast period 2023-2030.

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Delvens Industry Expert's Standpoint

Key Findings

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Regional Analysis

North America to Dominate the Market

North America is estimated to account for the largest market share during the forecast period due to the increasing investment in medical cannabis.

Moreover, the legalization of cannabis in various countries in North America allows the region to dominate the market during the forecast period.

Competitive Landscape

Aurora Cannabis

BARNEY'S FARM

CANNABIS SEEDS USA

CANOPY GROWTH CORPORATION

Cresco Labs

EcoGen Biosciences

Elixinol Global Limited

ENDOCA

Extractas

FOLIUM BIOSCIENCES

HEXO Corp. (Zenabis Global Ltd)

HUMBOLDT SEED COMPANY

JAZZ Pharmaceuticals Inc. (GW Pharmaceuticals plc)

Medical Marijuana, Inc.

MediPharm Labs Inc.

Peace Naturals Project Inc.

PharmaHemp

Seed Cellar

Seeds For Me

Tilray

World Class Cannabis Seeds (Crop King Seeds)

Recent Developments

In August 2023, White Earth Nation Launches Medical Cannabis Program & Adult-Use Cannabis Sales becoming one of the first dispensaries to legally sell Adult-Use marijuana in Minnesota.

Purchase the Trending Report Now: https://www.delvens.com/checkout/medical-cannabis-market-trends-forecast-till-2030

Reasons to Acquire

Gain authentic and granular data access for the Medical Cannabis Market to understand the trends and the factors involved in changing market situations.

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope

The Medical Cannabis Market is segmented into various segments such as product, source, species, derivatives, application, route of administration, treatment type, distribution channel and region:

Based on Product

Oil

Dried Medical Cannabis

Medical Cannabis Capsules

Vape Pen

Whole Flower

Creams & Moisturizer

Ground Flower

Patch

Masks & Serum

Cleanser

Others

Based on Source

Synthetic

Natural

Based on Species

Cannabis Indica

Sativa

Hybrid

Based on Derivatives

Cannabidiol (CBD)

Tetrahydrocannabinol (THC)/ Delta-8-Tetrahydrocannabinol

Cannabigerol (CBG)

Cannabichromene (CBC)

Cannabinol (CBN)

Cannabicyclol (CBL)

Others

Based on Application

Pain Management

Anxiety

Muscle Spasm

Nausea

Appetite Loss

Eating Disorders

Inflammatory Bowel Diseases

Cancer

Arthritis

Wasting Syndrome (Cachexia)

Alzheimer's Disease

Epilepsy

Depression and Sleep Disorder

Multiple Sclerosis

Autism

Mental Health Conditions

Elevate Mood

Others

Based on Route of Administration

Oral Solutions and Capsules

Smoking

Vaporizers

Topicals

Others

Based on Treatment Type

Analgesic

Psychedelic

Antiviral

Aphrodisiac

Expectorant

Others

Based on Distribution Channel

B2B

B2C

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the-emerald-standard · 10 months

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Explosive Growth of Cannabis Industry Predicted - Global Cannabis Products Testing Services Market to Reach $1.2 Billion by 2030

Cannabis Products Testing Services Market to Reach $1.2 Billion by 2030

The global cannabis products testing services market is expected to reach $1.2 billion by 2030, according to a new report from Grand View Research. The report, titled “Cannabis Products Testing Services Market Size, Share & Trends Analysis Report By Technology (Gas Chromatography, High Performance Liquid Chromatography, Mass Spectrometry), By End-user (Cannabis Producers, Cannabis Retailers, Cannabis Consumers), And Segment Forecasts, 2020 - 2030”, provides an in-depth analysis of the market and its growth prospects.

The report highlights the key drivers of the market, including the increasing demand for cannabis products, the legalization of cannabis in many countries, and the growing awareness of the health benefits of cannabis. The report also provides an overview of the competitive landscape, with a focus on the major players in the market, such as Agilent Technologies, Shimadzu Corporation, and Thermo Fisher Scientific.

The report also provides an overview of the key trends in the market, including the increasing focus on quality control, the development of new technologies, and the growing demand for cannabis testing services. Additionally, the report provides an analysis of the impact of the COVID-19 pandemic on the market.

Key Highlights of the Report:

The global cannabis products testing services market is expected to reach $1.2 billion by 2030.

The increasing demand for cannabis products is a key driver of the market.

The legalization of cannabis in many countries is also driving the market.

The growing awareness of the health benefits of cannabis is also driving the market.

The increasing focus on quality control is a key trend in the market.

The development of new technologies is also a key trend in the market.

The COVID-19 pandemic has had a negative impact on the market.

Source: Cannabis Products Testing Services Market 2030 By Technology ... Digital Journal

The cannabis industry is rapidly growing and it is important to ensure that the products being produced are safe and compliant with regulations. Hiring an industry trusted testing and compliance partner, such as ACS Lab, can help ensure that products are tested accurately and efficiently. ACS Lab provides comprehensive testing and compliance services for hemp and cannabis products, including potency testing, pesticide testing, and heavy metal testing. They also offer consulting services to help companies navigate the complex regulatory landscape. With their expertise and experience, companies can ensure that their products meet all applicable regulations and standards.

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yashallied · 11 months

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Hemp-Infused Oral Care Market: Market Analysis 2023 | Recorded Hyper Growth in the Future – 2030

Cannabis can cure various diseases due to its numerous medicinal properties. One of its ingredients Cannabidiol (CBD) specially derived from either Hemp or Marijuana Plant, has many health benefits. Such as anti-inflammatory properties, pain relief, reduction of anxiety & depression, treatment of cancer symptoms, boost its adoption in the market.

CBD products made from, hemp or marijuana contain tetrahydrocannabinol (THC), a psychoactive substance. Hemp-derived CBD products have gained higher traction as compared to Marijuana-derived CBD products, because THC concentration in former is 0.3% only, while in the latter it is 15%–40%. The less concentration of THC in hemp-derived products is the main reason for its legalization in many countries. Although CBD hemp has a very wide application, the scientific researchers in this market are involved in understanding and expanding its scope.

Hemp-infused oral care products are now entering into the market for humans and pets, serving as a viable option for tooth and gum issues. It is considered to have strong anti-bacterial compounds and is an excellent regulator immune response. It can also treat various gum infections by providing pain relief due to the presence of anti-inflammatory properties. Other oral diseases such as tooth abscess, gingivitis, and both canker & cold sores are also treatable by hemp-infused oral products.

COVID-19 Scenario Analysis:

The cannabis industry is facing a totally unique set of challenges.

Like other sectors, the cannabis market is expected to lose revenue.

Prices for cannabinoid products have significantly fallen.

The supply chain has been disrupted, due to restricted transport and store closure.

Trails have been launched in various countries to find out if CBD's properties can be an effective treatment for COVID-19

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The growth of the hemp-infused oral care market is led by the growing awareness among people regarding their oral hygiene and increase incidences of dental caries. While the rise in awareness can be attributed to various awareness initiatives taken by various organizations and key players.

The infusion of hemp in oral care products has further pushed the growth to the next level. Hemp-infused oral care market is driven by the legalization of CBD in various regions, a rise in oral hygiene awareness, and an increase in the R&D for cannabinoid.

However, the stringent government policies regarding the production of industrial hemp and the adverse effects that are associated with cannabis may slow the growth of the market. Also, the high cost associated with hemp-infused oral care products and the availability of substitutes in the market can hamper its growth.

Although after the legalization of hemp-infused oral care products its applications are also seeing rapid growth. In addition, the penetration of hemp-infused oral products on e-commerce platforms can propel the growth of the target market. Furthermore, aggressive marketing strategies and high investment in R&D can further proliferate the growth of hemp-infused oral care products.

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The global hemp-infused oral care market trends are as follow:

Largest Market for Hemp-infused Oral Care Market:

America witnesses the largest share for this market owing to legalization of industrial Hemp in many countries of North America, and the rise in awareness of its oral benefits. Also, the strong presence of companies working in this sector benefits the market demand for hemp-infused oral care products in this region.

Asia-Pacific is expected to be the fastest-growing market. New hemp manufacturing plants are being set up in China, and also it is the largest exporter of hemp-related products worldwide.

Colgate Acquires Natural Oral care Brand Hello:

Hello Products is one of the fastest-growing natural oral care brand, located in the U.S. Its product line includes hemp-infused oral care products. Personal care giant Colgate Palmolive plans to acquire Hello Products to expand its oral care offerings. By this move, Colgate will be able to enter the CBD and natural wellness market. Giving a signal that major oral companies see great potential in natural wellness and CBD trends. Adding this new line to its portfolio will help Colgate tap into younger markets and find new types of customers.

Purchase enquiry:- https://www.alliedmarketresearch.com/purchase-enquiry/6703

Key Benefits of the Report:

This study presents the analytical depiction of the global hemp-infused oral care industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global hemp-infused oral care market share.

The current market is quantitatively analyzed to highlight the global hemp-infused oral care market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed global hemp-infused oral care market analysis based on competitive intensity and how the competition will take shape in coming years.

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market-insider · 1 month

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Cannabis Cultivation Market Insights: Assessing Market Dynamics, Investment Opportunities, and Technological Advancements

The global cannabis cultivation market size is expected to reach USD 1,844.1 billion, expanding at a CAGR of 21.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing legalization and adoption of cannabis for the treatment of chronic diseases is positively impacting the market growth. Furthermore, the liberalization of laws related to hemp and marijuana by various countries is projected to further bolster revenue growth during the forecast period.

Cannabis Cultivation Market Report Highlights

The market is anticipated to witness significant growth owing to the growing legalization and adoption of hemp and marijuana for the treatment of chronic diseases

The hemp segment dominated the market in 2022, owing to the increasing adoption of hemp and derived products due to low THC content

The industrial consumption segment dominated the market in 2022, owing to the growing application of marijuana and hemp in various industries

In May 2022, Aurora Cannabis Inc. completed the purchase of TerraFarma Inc., which will contribute to their Canadian recreational cannabis company and Aurora's worldwide expertise in the cannabis market

In March 2022, HEXO and Tilray Brands Collaborate to Form Strategic Alliance, Uniting Two Canadian Cannabis Industry Leaders

In December 2021, As part of its continuous development plan, the Company purchased Quebec-based Laurentian Holdings Inc., boosting its presence in Quebec's second-most populated province

For More Details or Sample Copy please visit link @: Cannabis Cultivation Market Report

Furthermore, while the authorities imposed lockdown measures during COVID-19, European consumers hoarded supplies. Between January and March 2020, the value of items sold on Cannazon, a platform for hemp products, reached roughly USD 5.04 million reflecting a volume of 1.6 metric tonnes. In the U.S., a similar increase in sales was observed, with people stockpiling in anticipation of government-mandated shelters. As a result, increased stocks and strong consumer demand, as well as a growth in areas recognizing the product as a necessary commodity for recreational and medical uses, are projected to fuel market expansion throughout the forecast period.

Based on biomass, the hemp segment dominated the market in 2022. Factors contributing to increasing demand include the increasing adoption of hemp and derived products and its growing acceptance among users due to its low THC content. It is mainly used by people who intend to reap the medical benefits of the plant without getting intoxicated. In addition, positive government reforms regarding the utilization of hemp in many countries are further propelling market growth.

In 2022, the industrial consumption segment accounted for the highest revenue share. This growth is attributed to the growing application of marijuana and hemp in various industries such as pharmaceuticals, personal care & cosmetics, nutraceuticals, and food and beverages. In addition, the growing usage of cannabis and its derivatives as raw material by companies to produce their products is further fueling the growth. For instance, CBD oil and tinctures obtained from the plant are used by pharmaceutical companies for the production of cannabis-infused drugs. Hence, its consumption for various applications boosts the overall growth of the market.

Asia Pacific is expected to expand at the fastest CAGR in the forecast period owing to the presence of the largest cultivation markets in the region such as China, South Korea, India, and Australia. Furthermore, favorable climatic conditions, increasing awareness about the plant and its medical benefits, and a growing patient pool eligible for medical marijuana treatments are the other factors boosting the growth of the market in the region.

#CannabisIndustry #CultivationTrends #CannabisFarming #Horticulture #CultivationTechnology #CannabisGrowers #IndoorFarming #OutdoorCultivation #CropManagement #CannabisHarvest

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mayurreports · 1 year

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Hemp Derivatives Market Trends, Revenue Analysis, PEST, Region & Country Forecast, 2022-2030

Market Scope

MRFR (Market Research Future) expects the hemp derivatives market 2022 to be worth more than USD 56.8 billion by 2030. The market’s expansion rate is also anticipated to be 32.3% between 2022 and 2030 (evaluation period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Growth Drivers and Deterrents

Hemp derivatives can be refined into various commercial goods, such as textiles, paper, biodegradable plastics, clothing, insulation, paint, food, animal feed and biofuel. Escalating awareness level among consumers with regard to the nutritional advantage of hemp derivatives along with the surge in the production of industrial hemp could benefit the hemp derivatives industry. Hemp derivatives like seed oil, fibers and CBD have extensive applications across multiple end-use industries including pharmaceuticals, food and beverage, animal feed, personal care, and others. The demand is especially high in the food and beverage sector, with hemp-based items gaining major traction and manufacturers spending considerably on the production of the same.

The hemp derivatives market share also stands to profit from the surging legalization rate and cultivation on account of the growth in government approvals. Cannabidiol in particular, has emerged as the new consumer trend, thanks to the increase in social media influencers hyping the benefits associated with cannabis, marketing initiatives taken by players and the expanding application scope. As a result, soaring number of products such as cosmetics, skincare, intimate lubricants, haircare, gummies, pharmaceuticals, infused beverages, pills, and more are leading to higher demand for the global market. Additionally, considering the escalating preference for biodegradable plastic has been fostering the sales of hemp fiber, which benefits the hemp derivatives industry.

Companies are exploring potential application markets including hemp-based pet products, which include pet treats that are hemp-based. Partnerships, acquisitions and product launches are some of the chief strategies adopted by renowned firms to capture a bigger market share. A case in point, in December 2030, Aleafia Health Inc. launched its latest high potency CBD 50 oils in Canada. The oil is expected to be sold to patients as EmblemTM CBD 50 and adult consumers as SymblTM High CBD 50. CBD 50 has full spectrum and contain supercritical CO2 derived from CBD oils that help preserve the natural qualities of the cannabis plant.

Segmental Study

Type and application are considered in the MRFR report as the key segments, based on which the global market study has been carried out.

Types of hemp derivatives are hemp fiber, hemp-derived CBD oil, hemp oil, and more. Hemp-derived CBD oil can zoom ahead at the fastest pace due to the amplified demand in industries like pharmaceuticals, food & beverages and personal care. On the other hand, hemp fiber enjoys the highest demand and is therefore, the biggest shareholder in the global market.

Applications included in the report are food & beverages, pharmaceuticals, personal care, industrial, and others. Food & beverages can expect the fastest growth over the forecast timeline. Hemp derivatives are a primary source of minerals, vitamins, essential fatty acids and protein, and thereby, observe massive demand in the food & beverage sector. The industrial segment can however emerge on top, given the widespread utilization of hemp fiber in the automotive and construction industries.

Regional Outlook

Europe, APAC or Asia Pacific, MEA or Middle East and Africa and North America are the key regions across which the global market can witness varying degrees of growth during the appraisal period.

Europe is the market leader, in view of the large-scale hemp cultivation and consumption. Germany, Netherlands and France are the key markets in the region, where hemp is legalized. Hemp cultivation in Europe accounts for roughly 25% of the worldwide cultivation, wherein France is responsible for over 40% of the total hemp cultivation. Increase in consumer awareness level with regard to the health benefits of hemp derivatives has also bolstered the demand for these products in the region.

The fastest growth of the hemp derivatives market trends is observed in APAC, with countries like China and India in the lead. China stands as a prominent exporter of hemp to the US and Europe. Global vendors across end-use industries including cosmetics and personal care are increasingly targeting developing countries to boost their sales and profitability, which helps foster the market growth in the region. Plus, rising legalization encouraging cannabis’ use in medical applications in the region also acts as a major growth booster.

Renowned Industry Contenders

Some of the highly renowned contenders in the global key hemp derivatives market players are Konoplex LLC (Russia), Colorado Hemp Works, LLC (US), Bafa Neu GmbH (Germany), HempFlax Group B.V. (Netherlands), Hempco Inc. (Canada), HemPoland (Poland), Hemp Oil Canada (Canada), Ecofibre (Australia), Dutch Hemp Group (Netherlands), GenCanna Global USA, Inc. (US), MH Medical Hemp GmbH (Germany), Canopy Growth Corporation (Canada), to mention a few.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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cannawayz1 · 2 years

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Top 8 Cannabis dispensary delivery challenges

Cannabis dispensary delivery is breaking through as a powerful business opportunity. As far back as 2018, retailers in California which is currently the world's largest cannabis market recorded more than $2.5 billion in cannabis products sold out.

In that same year, Colorado retailers sold more than $1.5 billion in products, followed by Washington ($1 billion) and Oregon ($600 million).

Home delivery is now an important business for dispensaries. An expert estimated that deliveries accounted for up to 55% of California's medical marijuana sales. When the COVID-19 pandemic hit, home delivery became more important than ever, making it even more important. A delivery service agent told the New York Times that their sales increased 500% after California issued quarantine orders in March.

As more and more states liberalize cannabis use and develop laws and local policies, it is essential to better understand the impacts of neighborhood ecology and marijuana dispensary density on cannabis use, abuse, and dependence.

Dispensary stores are mostly located at store-front, dispensaries in DenverColorado are mostly located in neighborhoods with higher crime rates and a higher proportion of retail jobs.

It was also gathered that weekends are the most lucrative since there are more customers placing orders. Hence, "People place an order for marijuana or cannabis or weed when they're sitting around with nothing to do; the more deliveries, the more miles drivers will log and chances they'll have to earn tips as well.

In California, cannabis dispensaries are mostly located in Census block groups with higher levels of marijuana use, lower median household incomes, higher percentages of male residents, and lower percentages of Asian American residents and residents aged 30 to 39 years.

Cannabis dispensary delivery and some other challenges

Cannabis delivery is certainly profitable, but it's also fraught with obstacles. Some challenges distinct to dispensaries delivering cannabis include:

Legal Matters: According to federal laws, it has no therapeutic value and a high potential for abuse.

State and Local laws: Cannabis isn't just an industry in a gray legal area: It's an entirely new industry. Which has spawned inconsistencies in state and local regulations.

Cannabis delivery services also appeal to people who aren't comfortable going into a pot shop. "There's a lot of soccer mom types who just don't want to go into a dispensary. It can be intimidating

Nevertheless, Dispensaries are cross-sectionally associated with greater marijuana hospitalizations.

The job of an inspector is to justify their job and find something wrong with the way operations and flow were going. If you look hard enough, you'll all find something wrong.

Counterfeit money. Irritable people. Deplorable bosses. Shady sales. Price gouging. Rates. You name it. All are the top of the chart when you pay attention to the challenges at the cannabis dispensaries. One of the topdispensaries that comply with all laws is in California, Gold leaf industries.

Safety of the delivery driver: Keeping Dispensary Delivery Drivers Safe,delivering cannabis can be dangerous.

Lack of technology savvy: Many dispensaries use combinations of apps to track sales, accounting, dispatch, and a variety of other functions, this is bad for business

In conclusion, the day to day, running and operating a cannabis dispensary is nothing but pure pleasure. Helping people and making a positive difference in their lives was the best part. Dealing with legislators is one of the biggest challenges as well.

#Cannabis dispensary #cannabis dispensaries

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desaletushki · 2 years

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North America Legal Cannabis Market Worth $47.5 Billion By 2030

The North America legal cannabis market size is expected to hit USD 47.5 billion by 2030, registering a CAGR of 15.3% from 2022 to 2030, as per a new report by Grand View Research, Inc. The market is likely to see a marginal increase in demand due to the changing government policies for product legalization and use. Off-late, the population across North America has been made aware of the benefits entailing the use of cannabis for multiple indications. Many start-ups and the federal & private organizations are taking up research and production activities of cannabis-infused products and derivatives, which is further going to propel the market growth.

The use of cannabis has been more prevalent in the form of dried flowers and buds, up until its legalization, it was sold as an illicit drug across North America due to its psychoactive properties and addictive nature. The product usage in medicine is being propelled by the fact that in most products, THC, the compound present in cannabis, responsible for its psychoactive properties, is often omitted or is present in trace amounts. It is still a federally illegal drug but has been legalized in small amounts, majorly for use as medicine for the treatment of chronic pain, neurological conditions, etc. This has been a key factor in the growth of the market as well as a reason behind the vast rate of legitimization of the drug across the region.

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Cultivation and production of cannabis and related products have also had a huge economic impact on the region’s economy. In 2021, the U.S. collected USD 3.7 billion in tax revenues for legal cannabis, which was almost twice what it was in 2019. Its legalization is bound to create more jobs, and income for cultivators, manufacturers, etc., and developing interest in the industry has also led to an increase in the number of organizations wanting to invest, thereby propelling the market growth. The marijuana source type segment held the largest market share in 2021. Marijuana consisting of flowers, oils, and tinctures has been used extensively in the region for decades.

The other derivatives segment is estimated to register the fastest CAGR from 2022 to 2030. The others segment includes minor cannabinoids, terpenes, and flavonoids, which are used for their benefits for multiple indications. The medical end-use segment held the largest share of the overall revenue in 2021. Cannabis has been legalized in more than 30 states for use in medicinal preparations. The recreational use segment is estimated to record the fastest CAGR from 2022 to 2030. In 2020 and 2021, since its legalization for recreational purposes, it is now being sold over the counter at dedicated stores, thus has been responsible for the overall market growth.

The production and processing of cannabis-derived goods in the U.S., the presence of a huge pool of health-conscious consumers, and the presence of significant manufacturers in the region are propelling the industry growth. In addition, the COVID-19 pandemic had an adverse impact on the market. Several dispensaries, such as Bud and Bloom, had a 30.0% surge in weekly sales, according to the Orange County Register, on March 17, 2020. In February 2022, Groff North America, a federally, legal producer of cannabis, gained multiple schedule I registrations from the DEA, including bulk manufacturing, non-bulk manufacturing, exporter, researcher as well as the analytical lab. This is a major step for the regional market.

North America Legal Cannabis Market Report Highlights

The market will grow at a significant rate due to increasing product legalization and rising awareness among consumers about the health benefits of the product

The marijuana source type segment led the market in 2021 due to the increased legalization and its usage for medical purposes

The CBD derivatives segment dominated the market in 2021 due to the increased use of CBD for various medical applications and awareness about CBD’s effectiveness in the treatment of various medical diseases

The recreational end-use segment held the largest revenue share in 2021 due to increased use of cannabis for recreational purposes and high awareness regarding cannabis usage

Key Companies & Market Share Insights

A rise in the number of cannabis-infused products in the market has created a space for a large number of firms to operate within North America. An increasing consumer base has also been responsible for the growth of the overall industry. Furthermore, mergers & acquisitions, partnerships, product launches, and collaborations are projected to increase market competition. Canopy Growth Corp., for example, introduced SurityPro, a new line of CBD-infused products for dogs, in 2021 to improve joint health and flexibility, healthy aging, quiet demeanor, and general physical and mental well-being. Some prominent market players in the North America legal cannabis market are: Insys Therapeutics, SUNDIAL, Cara Therapeutics, Tilray, Aurora Cannabis, The Cronos Group, Jazz Pharmaceuticals

Buy Full Report: https://www.grandviewresearch.com/industry-analysis/north-america-legal-cannabis-market-report

#North America Legal Cannabis Market #North America Legal Cannabis Market Size #North America Legal Cannabis Market Forecast

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newstfionline · 4 years

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Headlines: Saturday, September 26, 2020

Largest California wildfire threatens marijuana-growing area (AP) California’s largest wildfire is threatening a marijuana-growing enclave, and authorities said many of the locals have refused to evacuate and abandon their maturing crops even as weather forecasters predict more hot, dry and windy conditions that could fan flames. The wildfire called the August Complex is nearing the small communities of Post Mountain and Trinity Pines, about 200 miles (322 kilometers) northwest of Sacramento, the Los Angeles Times reported. Law enforcement officers went door to door warning of the encroaching fire danger but could not force residents to evacuate, Trinity County Sheriff’s Department Deputy Nate Trujillo said. “It’s mainly growers,” Trujillo said. “And a lot of them, they don’t want to leave because that is their livelihood.” The area is in the Emerald Triangle, a three-county corner of Northern California that by some estimates is the nation’s largest cannabis-producing region. People familiar with Trinity Pines said the community has up to 40 legal farms, with more than 10 times that number in hidden, illegal growing areas. Growers are wary of leaving the plants vulnerable to flames or thieves. Each farm has crops worth half a million dollars or more and many are within days or weeks of harvest.

Things to avoid during your Zoom session (Reuters) An Argentine lawmaker has resigned after being caught on a live camera caressing his wife before appearing to partially pull down her top and kiss her breast during a virtual session of the country’s lower house of Congress on Thursday. The lower house of deputies said in a statement on Twitter early on Friday that it had voted to accept the resignation of Juan Ameri, a representative from the northern province of Salta in the ruling coalition. Virtual meetings amid the coronavirus pandemic have tripped up lawmakers before. In June, Ireland’s Luke Ming Flanagan appeared to be wearing no trousers as he discussed policy matters with his European Parliament peers.

Queen Elizabeth II to trim costs as COVID-19 hits income (AP) Britain’s Queen Elizabeth II and her family are facing a 35 million pound ($45 million) hit from the coronavirus pandemic, partly due to a shortage of tourists, the monarch’s money-manager said Friday. Releasing the royal household’s annual accounts, Keeper of the Privy Purse Michael Stevens said a lack of income from visitors to royal buildings was likely to bring a general funding shortfall of 15 million pounds ($19 million) over three years. He said the impact of the pandemic is also likely to cause a 20 million-pound ($25.4 million) shortfall in a 10-year, 369-million-pound program to replace antiquated heating, plumbing and wiring at Buckingham Palace, the queen’s London home. Stevens said the royal household would not ask for more government money but would “look to manage the impact through our own efforts and efficiencies.”

As Virus Cases Surge in Europe, Hospitalizations Lag. (NYT) In Munich, normally brimming with boisterous crowds for Oktoberfest this month, the authorities just banned gatherings of more than five people. In Marseille, France, all bars and restaurants will be closed next Monday. And in London, where the government spent weeks urging workers to return to the city’s empty skyscrapers, it is now asking them to work from home. Summer ended in Europe this week with a heavy thud amid ominous signs that a spike in coronavirus cases may send another wave of patients into hospitals. But just how imminent is the peril? As they weigh actions to curb a second wave of the virus, European leaders are dealing with a confusing, fast-changing situation, with conflicting evidence on how quickly new cases are translating into hospital admissions—and how severe those cases will end up being. In Spain, where new cases have surged to more than 10,000 a day, hospitals in Madrid are close to capacity and the government said it was preparing to reopen field hospitals in hotels and in the city’s largest exhibition center. Yet in France, which reported 66,000 new cases over the last seven days, hospital admissions and deaths, while also rising, are going up more slowly. There is a similar divergence between infection rates and hospitalizations in Germany and Austria. And in Britain, which reported 6,178 new coronavirus cases on Wednesday—the highest figure since May 1—just 134 patients were admitted to hospitals on Monday, barely a tenth of those admitted in early May.

Pope to UN: Use COVID crisis to come out better, not worse (Washington Post) Pope Francis urged world leaders Friday to use the coronavirus emergency as an opportunity to reform the injustices of the global economy and the “perverse logic” of the nuclear deterrence doctrine, warning that increased isolationist responses to problems “must not prevail.” Francis laid out his appeal for greater involvement and influence of the United Nations in protecting the poor, migrants and the environment in a videotaped speech Friday to the U.N. General Assembly, held mostly virtually this year because of the pandemic. Francis said the world has a choice to make as it emerges from the COVID-19 crisis and addresses the grave economic impact it has had on the planet’s most vulnerable: greater solidarity, dialogue and multilateralism, or self-retreat into greater nationalism, individualism and elitism. “The pandemic has shown us that we cannot live without one another, or worse still, pitted against one another,” he said. “This is why, at this critical juncture, it is our duty to rethink the future of our common home and our common project.”

Migrants accuse Greece of pushing them back out to sea (AP) Shortly after reaching the Greek island of Lesbos, a group of Afghan migrants say, their hopes for a new life in Europe were cut short when Greek authorities rounded them up, mistreated them, shoved them into life rafts and abandoned them at sea, where they were rescued by the Turkish coast guard. Turkey, which hosts about 4 million refugees, accuses Greece of large-scale pushbacks—summary deportations without access to asylum procedures, in violation of international law. Greece, which lies on the EU’s southeastern border and has borne the brunt of migration flows from Turkey, denies the allegations and in turn accuses Ankara of weaponizing migrants. In March, Turkey made good on threats to send migrants to Europe, declaring its borders with the EU open. In what appeared to be a government-organized campaign, thousands headed to the Greek border, leading to scenes of chaos and violence. Turkey’s border with EU member Bulgaria was largely unaffected. Greece shut its frontier and controversially suspended asylum applications for a month. Uneasy neighbors Greece and Turkey have been at loggerheads for decades over several territorial issues, and asylum-seekers have found themselves caught up in the geopolitical conflict.

Taliban entrepreneurs (Foreign Policy) For decades, Afghanistan’s untapped mineral wealth has been touted as the country’s trillion-dollar El Dorado. But while the Afghan government has never been able to monetize mountains of copper, iron ore, gold, and gemstones, the Taliban have—and are ramping up their mining operations as just-started peace talks aim to shape the future of a postwar Afghanistan. In recent years, the Taliban have deliberately moved to secure control over regions of Afghanistan rich in mineral deposits, from lapis lazuli mines in northern Badakhshan to gold, lead, and zinc in Helmand and vast talc and marble deposits in southern Nangarhar. The Taliban, who already control most of the country’s mineral wealth, are banking on further developing the sector to make it the bedrock of the country’s postwar economy—or theirs, at least.

The Indian navy and China (WSJ) India’s border conflict with China is pushing New Delhi to look for an asymmetric response: flexing its naval might as it deepens cooperation with other democracies that seek to counter Beijing’s global ambitions. India, which operates one of the world’s largest navies, sits astride shipping routes in the Indian Ocean that connect China to its main sources of oil and gas in the Middle East and to its key markets in Europe. Though growing fast, China’s navy still has only limited ability to operate in a region far from its home shores—and has to contend with the U.S. in its own backyard. “On the northern border, the best we can hope for is to achieve a stalemate. But at sea, we have an advantage over the Chinese,” said retired Adm. Arun Prakash, a former head of the Indian navy. “A show of force at sea can send a message to China that you are vulnerable, that we can interfere with your shipping and with Chinese energy supplies. Their economy would be shaken up.”

‘Tis the season for travel in China. But virus fears cast a shadow over festivities. (Washington Post) Zuo Weiwei has been stuck since February in her hometown Wuhan—yes, that Wuhan—and the problem now is that the city is overflowing with tourists. Wuhan’s government, like many across China, has been offering free tickets to tourist attractions to try to salvage economic growth. For better or worse, it appears to be working, as China approaches its first major holiday season since tamping down the coronavirus. The “Golden Week” holiday is one of the largest annual human migrations, with upward of 700 million people on the move. This year, it will be a crucial test of China’s efforts to regain normalcy and prevent new coronavirus waves. The holiday season begins with China’s National Day on Oct. 1, marking 71 years of Communist Party rule. The period also coincides with this year’s mid-autumn festival, a one-day holiday that falls on the night of the fullest autumn moon. With borders closed around the world, those in China itching to travel have had to look closer to home. Around 408 million highway trips are expected to be made this Golden Week, slightly up from last year, China’s Ministry of Transport said on Thursday. But the flood of travelers will make social distancing difficult and brings the risk of new virus outbreaks that could spread rapidly across the country.

Tunisian migrants (Washington Post) The economic fallout from the coronavirus pandemic is propelling thousands of Tunisians to make the perilous Mediterranean journey in search of better living conditions, with the largest wave in nearly a decade reaching Italy’s shores. The strict lockdown Tunisia imposed in March was largely successful in containing the outbreak, but the measures devastated the country’s already ailing economy. During the first eight months of this year, nearly 8,000 Tunisians crossed the Mediterranean to Italy, six times as many as last year.

Palestinian elections (Foreign Policy) Fatah and Hamas, the two largest political factions in the occupied Palestinian territories, have agreed to hold elections for the first time in almost 15 years. The last elections, held in 2006, resulted in a landslide victory for Hamas, leading to bloody clashes between the two sides and a de facto split within Palestine, with Hamas taking control of the Gaza Strip and the Fatah-led Palestinian Authority (PA) retaining control of the West Bank. Leaders said a vote will be held within six months. The move follows an unprecedented show of unity among Palestinians in opposition to recent moves by several Arab states to normalize diplomatic ties with Israel.

#headlines #news

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gunjanjadhav · 4 years

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At 34.60% CAGR, Legal marijuana Market Size | Industry Report, 2020-2025 | Covid-19 Impact Analysis

In its latest report on Legal marijuana Market provides a concise analysis of the recent market trends. The report further includes statistics, market forecasts and revenue estimations, which in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.

Global Legal marijuana Market to reach USD 134.9 billion by 2025.

Global Legal marijuana Market valued approximately USD 9.3 billion in 2016 is anticipated to grow with a healthy growth rate of more than 34.60% over the forecast period 2017-2025. Key factors which give growth to the Legal marijuana market are owing to legalization in several countries and high demand for both medical and recreational purposes.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

o Medical

o Recreational

By Product:

o Buds

o Oil

o Tinctures

By Medical application:

o Chronic pain

o Mental disorder

o Cancer

By Regions:

o North America

o U.S.

o Canada

o Europe

o UK

o Germany

o Asia Pacific

o China

o India

o Japan

o Latin America

o Brazil

o Mexico

o Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015

Base year – 2016

Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market Canopy Growth Corporation, Aphria Inc., Aurora cannabis, Maricann group Inc., Tilray, Cronos group, ABcann medicinal Inc., Tikum olam. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Legal marijuana Market in Market Study:

o Key Consulting Companies & Advisors

o Large, medium-sized, and small enterprises

o Venture capitalists

o Value-Added Resellers (VARs)

o Third-party knowledge providers

o Investment bankers

o Investors

TABLE OF CONTENTS

Chapter 1. Global Legal marijuana Market Definition and Scope

1.1. Research Objective

1.2. Market Definition

1.3. Scope of The Study

1.4. Years Considered for The Study

1.5. Currency Conversion Rates

1.6. Report Limitation

Chapter 2. Research Methodology

2.1. Research Process

2.1.1. Data Mining

2.1.2. Analysis

2.1.3. Market Estimation

2.1.4. Validation

2.1.5. Publishing

2.2. Research Assumption

Chapter 3. Executive Summary

3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)

3.2. Key Trends

Chapter 4. Global Legal marijuana Market Dynamics

4.1. Growth Prospects

4.1.1. Drivers

4.1.2. Restraints

4.1.3. Opportunities

4.2. Industry Analysis

4.2.1. Porter’s 5 Force Model

4.2.2. PEST Analysis

4.2.3. Value Chain Analysis

4.3. Analyst Recommendation & Conclusion

Chapter 5. Global Legal marijuana Market, By Type

5.1. Market Snapshot

5.2. Market Performance - Potential Model

5.3. Global Legal marijuana Market, Sub Segment Analysis

5.3.1. Medical

5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

5.3.2. Recreational

Continued…

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