Finance

Industrial Hemp Market to Hit $18.1 Billion in Five Years

December 16, 2022 from High Times Magazine Information collected in the “Global Hemp Market by Type” report from Research and Markets, which analyzed the numerous applications of hemp as a textile, food item, construction material, and more. The report projects that the next five years will see the industry’s compound annual growth rate (CAGR) of 21.6%, suggesting that this percentage

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How Hemp Can Deliver Growth In Agriculture – And Boost The UK Economy

October 25, 2022 NEW Prime Minister Rishi Sunak is set to face a daunting inbox of challenges, including stabilising our economy and protecting businesses and jobs. This is likely to include taking difficult decisions over tax and spending, some of which may prove to be unpopular. Any improvement in economic growth will though help make these decisions easier, with more

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Global Cannabis Sales Forecast to Reach $57 Billion by 2026

September 13, 2022 BDSA announced today an update of its cannabis market forecast, a five-year rolling global forecast by country, state, province, channel, and category. The report projects annual global cannabis sales to grow from $30 billion in 2021 to $57 billion in 2026, a compound annual growth rate (CAGR) of almost 13%. In the United States, cannabis sales will

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The economic effects of Cannabis in Switzerland

June 20, 2022 About 56 tons of cannabis (marihuana and resin) are consumed in Switzerland annually. A study conducted by the UNIGE and the consulting firm EBP reveals that the entire Cannabis system in Switzerland generates an annual turnover of one billion francs. Cannabis generates an annual turnover of around one billion Swiss Francs. This sum does not only contain

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Report: Global Cannabis Market Expected to Reach $90.4B By 2026

June 22, 2022 A recent MarketsandMarkets report suggests that the global cannabis marketplace will reach $90.4 billion by 2026. The global cannabis market is expected to reach $90.4 billion by 2026, according to a MarketsandMarkets report. This equates to a compound annual growth rate (CAGR) of 28% from the cannabis market’s $20.8 billion evaluation in 2020. Within the cannabis market,

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