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Global Cannabis Sales Exceeded $21 Billion In 2020; Forecasts $55.9 Billion By 2026

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PALM BEACH, Fla., April 29, 2021 /PRNewswire/ The global pandemic was expected to negatively impact the global economy… and it did, but there were some markets that exceeded expectations… and grew during the crisis. Industry insider BDSA (formerly BDS Analytics) said in a recent report that: The cannabis industry faced numerous challenges in the past few years, none so potentially disruptive as the coronavirus pandemic in 2020, said Micah Tapman, Chief Executive Officer, BDSA. Our previous forecast was conservative based on the expected economic fallout from the pandemic, but the industry not only survived, it thrived and legal cannabis gained considerable ground, exceeding our expectations in several markets. The report projected that: Global cannabis sales reached nearly $21.3 billion in 2020, an increase of 48% over 2019 sales of $14.4 billion. BDSA forecasts global cannabis sales will grow from $21.3 billion in 2020 to ....

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Creating New Strains Of Cannabis Essential To Cultivators For Introducing New Products With Higher THC Levels

/PRNewswire/ THC is perhaps the most well-known cannabinoid within cannabis. THC, short for tetrahydrocannabinol, is famously responsible for cannabis s. ....

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How Growing Number Of Clinical Trials Are Influencing Growth Of The Cannabis Pharmaceuticals

How Growing Number Of Clinical Trials Are Influencing Growth Of The Cannabis Pharmaceuticals
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PALM BEACH, Fla., April 14, 2021 /PRNewswire/ The medical cannabis market has made some remarkable accomplishments in the past few years with the launch of innovative products. The clinical trials and approval of some cannabis-infused products have opened up the market for cannabinoid-based pharmaceuticals. The market for cannabis pharmaceutical is still in the nascent phase with higher opportunities. The growing legalization of marijuana globally is encouraging more investment in the space, and for pharmaceutical companies to expend more resources on the development of cannabinoid-based pharmaceutical drugs. A report from Grand View Research projected that the global cannabis pharmaceuticals market size was valued at USD 67.0 million in 2019 and is expected to grow at a compound annual growth rat ....

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Are Higher THC Levels In Legal Cannabis Becoming Too High

Are Higher THC Levels In Legal Cannabis Becoming Too High
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PALM BEACH, Fla., April 7, 2021 /PRNewswire/ Most random recreational cannabis users would say, if asked, is having a higher level of THC give you a better high . The answer is Yes… and No . Different strains and different users have their own effects. Also, does a consumer really know the level of THC in the products they buy? Marijuana Business Daily addressing the recreational market said: A new study shows consumers are unable to identify cannabinoid levels in products they use. Further, 20-50 percent don t know the THC:CBD ratio of the products they normally use. This lack of consumer awareness could have implications for the safety and efficacy of therapeutic use and throws into question the reliance on self-reported cannabis potency in scientific studies. The research, carried out at the University of Waterloo ....

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Are Higher THC Levels In Legal Cannabis Becoming Too High

Are Higher THC Levels In Legal Cannabis Becoming Too High
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