Insights
The Worldwide Cannabis Industry is Projected to Reach $82.3 Billion by 2027
DUBLIN - The global cannabis market is estimated to be valued at USD 27.7 billion in 2022 and is projected to reach USD 82.3 billion by 2027, recording a CAGR of 24.3% in terms of value. The market is driven by the rise in the use of cannabis for recreational and medical use. Moreover, there has been an increased ...
Hemp Environmental Control System Market Size to Reach USD 14.58 Billion by 2030
Newark - As per the report published by The Brainy Insights, the global hemp environmental control system market is expected to grow from USD 3.95 billion in 2021 to USD 14.58 billion by 2030, at a CAGR of 15.62% during the forecast period 2022-2030. Governments worldwide are promoting hemp farming given the rising awareness about ...
The Cannabis Cultivation Market Is Set To Grow At A 15% Rate Due To The Adoption Of Cannabis In Disease Treatment
LONDON - According to The Business Research Company’s research report on the cannabis cultivation market, adoption of cannabis for the treatment of chronic diseases is expected to propel the growth of the cannabis cultivation market going forward. A chronic disease refers to a medical condition that lasts for a year or longer and necessitates continuing ...
California Attorney General Bonta Announces Eradication of Nearly One Million Cannabis Plants as Part of Interagency Effort to Combat Illegal Market
CALIFORNIA, Oct. 21, 2022, California Attorney General Rob Bonta today announced the eradication of nearly one million illegally cultivated cannabis plants and the seizure of more than 200,000 pounds of illegally processed cannabis as part of the California Department of Justice’s annual Campaign Against Marijuana Planting (CAMP) program. Since 1983, this 13-week program has eradicated ...
Increasing Use Of CBD Oil In Skincare Products To Treat Acne And Wrinkles, To Drive Growth Of The Global CBD Market
Pune - Тhе process of research on particular market elaborate the study of both impact; positive or negative on industry or market globally. While research report includes various factors such as hіѕtоrісаl dаtа, tесhnоlоgісаl іnnоvаtіоnѕ, gоvеrnmеnt роlісіеѕ аnd mаndаtеѕ, соmреtіtіvе lаndѕсаре, nеw ѕоlutіоnѕ аnd аltеrаtіоnѕ сurrеnt аnd hіѕtоrісаl trеndѕ іn thе mаrkеt, market еnvіrоnmеnt, tесhnоlоgісаl ...
Service List Expands Due to Growing Demand in the Cannabis Industry
OKLAHOMA CITY - According to a study by BofA Securities, the U.S. Cannabis industry saw a 67% revenue jump in 2020, and another 40% leap in 2021. These massive surges in interest took it far ahead of all international competition and made stepping in the market a tempting opportunity for many. In fact, years since ...
Global Cannabidiol Legalization Trend to Shape the CBD Market’s Future Growth
SAN ANTONIO - The acceptance of cannabidiol (CBD) as an ingredient for supplements, food and beverages (F&B), and personal care products attracts the participation of large companies in the CBD market. Frost & Sullivan's recent analysis, Global CBD Ingredients Growth Opportunities, finds that the global trend in legalizing CBD and scientific research supporting its benefits ...
Cannabis Testing Lab Detects Crop-Destroying Viroid in California
IRVINE, Calif., Oct. 18, 2022 Purity Medical Laboratories is now offering hop latent viroid (HpLVd) testing to assist growers in identifying and eliminating a devastating viroid that occurs worldwide. Hop latent viroid, a plant pathogen, is also known as "dudding disease" due to its tendency to reduce yield and stunt growth and lead to a ...
CNBX Files New PCT Patent Application For Cannabinoids-Based Neoadjuvant Cancer Therapy
REHOVOT, Israel and BETHESDA, MD., Oct. 18, 2022 CNBX Pharmaceuticals Inc. A development of cancer related cannabinoid-based medicine, announced today that the Company has filed a new patent application titled " COMPOSITIONS COMPRISING CANNABINOIDS AND METHODS OF USE THEREOF IN THE TREATMENT OF CANCER" under the Patent Cooperation Treaty (PCT). Said patent application relates to several of the drug ...
Technological Advances Help Better Regulate Cannabis and Alcohol Consumption
NEW YORK - The cannabis industry has grown rapidly in recent years, and as a result, there are concerns over possible cannabis abuse. One of the major concerns over cannabis abuse revolves around operating a vehicle while impaired. The National Institute on Drug Abuse highlighted that marijuana was the most common illicit drug found within ...
Canadian Minister of Health Issues Statement on Fourth Anniversary of Legalization of Cannabis
OTTAWA, ON, Oct. 17, 2022 Today, the Minister of Health and the Minister of Mental Health and Addictions and Associate Minister of Health issued the following statement about the Cannabis Act: The Cannabis Act came into force, putting in place a new, strictly regulated framework for controlling the sale, possession, production and distribution of legalized and regulated cannabis ...
CBD Oil Market Size Worth $15+ Billion, Globally, by 2028 at 31+% CAGR
NEW YORK - The Insight Partners published latest research study on "CBD Oil Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Application, Distribution Channel, and Geography", the global CBD oil market size is expected to grow from USD 2.42 billion in ...
GreenBroz Unveils Automated M+ Trimming System
LAS VEGAS, Oct. 13, 2022 GreenBroz Inc. A post-harvest cannabis processing technology, announced an updated version of its M+ Trimming System -- the first fully automated trimming system on the market. Designed to yield a better user experience and productivity, this powerful, intelligent solution combines the legendary Model M Dry Trimmer with the Rise Conveyor with intelligent controls to automate the movement of ...
CNBX Patent Application “Composition and Method for Treating Cancer with Cannabinoids” Enters National Phase in US and Israel
REHOVOT, Israel and BETHESDA, Md., Oct. 13, 2022 CNBX Pharmaceuticals Inc. announced today that the Company's patent application titled "Composition And Method For Treating Cancer With Cannabinoids" was filed on October 12, 2022 with the US Patent and Trademark Office (USPTO) and with the Israel Patent Office under a national phase of International Patent Application. National phase filing in Europe will follow. Said patent ...
The Growth of the Cannabis Market Propels Demand for New Technology to Restrain Misuse
NEW YORK - Presently, the medical cannabis sector accounts for a majority of the market share, as progress is slowly being made in removing the stigmas associated with such products. The more welcoming perception towards cannabis legalization can be attributed to, in large part, the passage of the 2018 Farm Bill, which legalized production of ...
Global Medical Marijuana Markets Report 2022-2030 Featuring Tilray, Aurora Cannabis, Canopy, Aphria, Maricann & More
DUBLIN - The global medical marijuana market size is expected to reach USD 65.8 billion by 2030 and is expected to expand at a CAGR of 21.6% The major factors attributed to the industry growth are the rapid adoption of cannabis in therapeutic applications and a surge in the number of countries legalizing the usage of medical ...
Open Book Extracts Releases Study Findings Related to the Potential Applications of Serums Containing Tetrahydrocannabivarin (THCV) on Skin Acne
ROXBORO, N.C., Oct. 12, 2022 Open Book Extracts (OBX), an ingredient manufacturer and product development completed its first cosmetic research study, an open-label, randomized, passive-control study examining the impact of topical serums containing Tetrahydrocannabivarin (THCV) on skin acne. Building on literature outlining THCV's anti-inflammatory topical properties, OBX conducted the study to explore THCV's therapeutic potential to improve ...
TerrAscend Announces Closing of US$45.5 Million Non-Brokered Debt Financing
TORONTO, Oct. 12, 2022 TerrAscend Corp. a North American cannabis operator, today announced that its NewJersey and Maryland subsidiaries, TerrAscend NJ, LLC, HMS Hagerstown, LLC, HMS Processing, LLC, and HMS Health, LLC, have closed on a non-brokered senior secured term loan for gross proceeds of approximately US$45.5 million from funds managed by Pelorus Equity Group ...
VJ Group Launches Cannabis Industry Division, VJ Scientific, and Unveils New Decontamination Machine
CHELMSFORD, Mass., Oct. 12, 2022 VJ Group A global X-ray technology provider, has launched a cannabis division, VJ Scientific. The new division will engineer and manufacture high-performance and cost-effective X-ray solutions for the cannabis industry. VJ Scientific's flagship product is a revolutionary non-thermal, non-chemical cannabis decontamination machine, "CX-1000," which will be presented in November at ...
Cannabidiol (CBD) Vape Juice Market Augmented to Reach USD 71,004.34 Million by 2029
LONDON - This Cannabidiol (CBD) Vape Juice market report helps in evaluating the relative efficiency of the different advertising media, selling methods, the causes of consumer resistance, and the nature of demand for the firm's product. With this industry analysis report, the risk of uncertainties is minimised and sound decisions are taken easily. Moreover, it ...
Neptune Wellness Solutions Inc. Closes $6.0 Million Offering
LAVAL, QC, Oct. 11, 2022 Neptune Wellness Solutions Inc. a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that it has closed the previously announced offering of 3,208,557 common shares of the Company pursuant to a registered direct offering priced at-the-market under Nasdaq rules, and ...
Cannabis Market to Register Growth of USD 168.58 Billion
TORONTO - A Qualitative Research Study accomplished by Data Bridge Market research's database, titled “Global Cannabis Market” with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. This Cannabis market research report helps the management of a firm in planning by providing accurate and up-to-date information about the ...
The Continued Legalization of Cannabis Creates Need for Intoxication Detection Devices
NEW YORK - Sales of Cannabis products are expected to continue to grow as more states and major markets ease accessibility. According to data published by MJBizDaily, the combined U.S. medical and recreational cannabis sales could reach USD 33 billion by the end of 2022, mainly driven by the opening of new adult-use markets. Overall, ...
Industrial Hemp Market Size US$ 3 Billion by 2028
PUNE - Industrial hemp is a variety of the Cannabis sativa plant species that is grown specifically for industrial use. It can be used to make a wide range of products. Along with bamboo, hemp is one of the fastest growing plant on Earth. It was also one of the first plants to be spun ...
Left Coast Financial – The Provider of Dispensary Business Banking Solutions for Cannabis Industry
PORTLAND, Ore., Oct. 7, 2022 Founded in 2016 and headquartered in Portland, Oregon, Left Coast Financial Solutions is a neo-bank offering an online payment platform bridging cannabis and banking. As a provider of dispensary business banking solutions for the cannabis industry, Left Coast partners with a depository institution to offer checking, ACH, and wires that allow businesses to receive money ...