Global Industrial Hemp Market Size to Grow Value of USD 9.64 Billion By 2025: Zion Market Research

Cannabis Law Report

According to the report, the global industrial hemp market was approximately USD 3.97 billion by 2025, at a CAGR of around 13.5% between 2019 and 2025. Industrial hemp is an exceptionally renewable resource. Industrial hemp also includes the by-products of hemp plants.

Legal Cannabis Predictions: What the Future of Legal Weed Looks Like

Cannabis Law Report

However, the latest hemp farm bill is a giant step in this battle since it means that, in a way, every part of cannabis has become legal except for the THC. The global legal marijuana market should be worth almost $150 billion by 2025.

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Article: Legality Of Marijuana In Nigeria: A Legal Opinion By Kayode Ajulo PhD

Cannabis Law Report

In Nigeria, it is often referred to as ‘Indian hemp’, in the country, Cannabis Sativa, which has enjoyed use as fibre, seed and seed oils, medicinal purposes, and as a recreational drug traces its origin to Central and South Asia. billion dollars by 2025. Source: Sahara Reporters.

Meritas Law Firms Worldwide Article: Global Cannabis Industry: The Essential Primer

Cannabis Law Report

Plants with a level of THC content low enough that they are considered non-intoxicating—with the specific definitions varying depending on the jurisdiction—are classified as industrial hemp. Hemp has been used for these purposes for centuries in cultures around the world.