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The 144-page report, compiled by the Cannabis Regulation Oversight Office (CROO), incorporates data from several state departments. During Fiscal Year 2025, “IDFPR is anticipating inspecting and approving to open approximately 80 additional dispensaries from the 2021 lotteries.
The 144-page report, compiled by the Cannabis Regulation Oversight Office (CROO), incorporates data from several state departments. IDPH FY2025 goals include: The IDPH Division of Medical Cannabis aims to improve the quality of operations for fiscal year 2025. Refresh QA plans with a focus on staffing assignments.
DUBLIN–(BUSINESS WIRE)–The “Global Agricultural Grow Bags Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering. million during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. Market outlook: Forecast for 2020 – 2025. Five Forces Analysis.
DUBLIN–(BUSINESS WIRE)–The “CBD Oil Global Market Insights, Analysis and Forecast to 2025, by Manufacturers, Regions, Technology, Application, Product Type” report has been added to ResearchAndMarkets.com’s offering. Historical Data: from 2016 to 2020. Forecast Data: from 2021 to 2026. Data Sources.
New Frontier Data , which claims to be “the authority in data analytics and business intelligence on the global cannabis industry”,?today today announced new economic data detailing the potential impact of federal cannabis legalization in the United States. cannabis market by 2025, states the report.
Historically, these processes have been paper-based, creating inefficiencies in data management and submission. January 2025: Legacy registrations that were processed before the transition will need to be updated through the online system. March 31, 2025: New Deadline for Product Registration Cleanup. See Extension Announcement.
Gary Allen, CEO, New Frontier Data. Our latest report, 22 for 2022: Cannabis Industry Assertions & Predictions, provides a data-centric blueprint for navigating near-term challenges and positioning for new opportunities in a burgeoning industry. Global Expansion: With?Germany’s companies to announce?
According to a survey conducted by YouGov , almost 7 out of 10 cannabis consumers plan on spending the same amount, if not more, going forward in 2025. However, high turnover rates for employees still prevail, as evidenced by a report by data firm Headset, which found that 55% of budtenders dont even last a year at any given job.
In the 144-page report, compiled by the Cannabis Regulation Oversight Office (CROO), the Department of Financial & Professional Regulation (IDFPR) states in its data summary, “Looking ahead to Fiscal Year 2025, IDFPR has already begun its efforts to further expand access to cannabis both to consumers and medical patients.
billion by 2025, cannabis market research company New Frontier Data said. billion by 2025, and regulated adult-use sales are projected to top $25.1 Adding to the enticement is that the global legal market for cannabis is forecast to reach $91.5 billion by 2028, according to Grand View Research. Medical cannabis sales in the U.S.
And that number is expected to grow to $200 million this year and $300 million by 2025-26. Collection of data and trends to inform policy. The result: Veterans Affairs spent more than $150 million on medical marijuana last year — more than on all other prescription drugs combined. Read full report. Executive Summary. Background.
DUBLIN–(BUSINESS WIRE)–The “Global CBD Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering. billion during 2021-2025, progressing at a CAGR of 26.93% during the forecast period. Market outlook: Forecast for 2020 – 2025. Hemp – Market size and forecast 2020-2025.
DUBLIN–(BUSINESS WIRE)–The “Global Marijuana Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering. billion during 2021-2025, progressing at a CAGR of 22.54% during the forecast period. Market outlook: Forecast for 2020 – 2025. Five Forces Analysis. Threat of rivalry.
DUBLIN–(BUSINESS WIRE)–The “Global Legal Cannabis Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering. bn during 2021-2025, progressing at a CAGR of over 21% during the forecast period. Market outlook: Forecast for 2020 – 2025. Five Forces Analysis. Threat of rivalry.
Data Science isn’t new, but using it to grow hemp is. By 2025, legal marijuana sales in the United States alone are expected to reach $23 billion. With the help of artficial intelligence and robotics, farmers are improving their growth results. How are hemp farmers keeping up? AI helps in a multitude of ways.
According to a New Frontier Data Report, the overall legal cannabis industry in America is valued at roughly $13.2 billion and projected to be worth $41 billion by 2025. The planned 12-acre facility will be located on Leah Avenue near the Amazon SAT-2 Fulfillment Center. Marcus Ruark, President of goodblends in Texas.
Data from Marijuana Business Daily’s 2021 Annual Marijuana Business Factbook puts the growth potential of the cannabis industry over the next several years into perspective. According to the data in the 2021 Annual Marijuana Business Factbook , U.S. In 2025, Marijuana Business Daily projects legal U.S. Cannabis Sales Growth.
billion) by 2025. RYAH is pleased to contribute RYAH’s IoT devices and data platform and work with Medicann toward perfecting prescribing practices and dosing regimens,” said Gregory Wagner , CEO of RYAH Group, Inc. The European cannabis market is forecast to grow with a compound annual growth rate (CAGR) of 67.4% to reach 3.2
Moving forward to 2025, the economic impact is projected to achieve a value of around $160 billion. Some studies such as “ The US Cannabis Cultivation Report: 2019 Legal and Illicit Output by State “, conducted by New Frontier Data, suggest that by 2025, America could be producing an estimated 34.4
billion by 2025 growing at an impressive CAGR of 32.6%. These results raise safety and efficacy concerns. According to new research by Grand View Research (2019), the global CBD market is forecasted to reach US$ 9.69 differentiation between labeled and measured CBD values .
The news outlet used data from Headset to explain that Gen Z women who purchased cannabis grew by 151%, with the Gen Z men sitting at a 118% increase in legal purchases. According to the Headset data, flower purchases dominate in both genders but women tend to navigate towards pre-rolled joints, edibles, and beverages more than men.
Researchers looked at data from 2,374 psychedelics users who reported having “belief-changing” trips. Unfortunately, the tweaked legalization bill also postpones the expungement of non-low-level charges until 2025. Thankfully, the Center for Psychedelic and Consciousness Researchers (CPCR) at John Hopkins has stepped up to the plate.
According to industry estimates, based on current growth rates, the Israeli market will reach approximately 250,000 patients by 2025.[4]. Dr. Arnon Heyman , CEO of Canonic stated : “We are very excited to launch our first products in the Israeli market.
BLS Region” means a region in Illinois used by the United States Bureau of Labor Statistics to gather and categorize certain employment and wage data. Illinois has 17 such regions.
million in 2025 at a rate of 9.3%. from 2025 and reach $618,392.6 Create regional and country strategies on the basis of local data and analysis. Outperform competitors using forecast data and the drivers and trends shaping the market. Utilize the relationships between key data sets for superior strategizing.
“Partnering with Fyllo reinforces our commitment to delivering innovative data solutions designed to enhance our clients’ audience reach strategies,” said Jay Baum , Chief Commercial Officer at Tremor Video. Learn more about Tremor Video’s data-driven audience solutions at www.tremorvideo.com. Traditional segments (e.g.
A new report from New Frontier Data delves into the average number of plants that are considered to be “hot” and what the industry could look like in the near future. New Frontier Data released new data on August 5 regarding crops and how many plants have gone “hot,” or exceeded the required limit of less than 0.3 Shutterstock.
A report from New Frontier Data estimates that Australia’s revenue opportunity is three-quarters of Canada’s $6.6 New Frontier Data estimates that Australia could have a count nearing 330,000 by 2025. Despite these growing pains, Australia’s cannabis industry is coming together. Read the article at.
billion in 2018, according to data from Grandview Research, a U.S. until 2025, the research finds. “There were a number of cannabis companies asking me for solutions, how to have the ordinary perks that no cannabis employees have,” she says. cannabis market was valued at $11.3 market research and consulting firm.
Americans spent more than $12 billion on legal cannabis products in the first six months of 2021, according to data analyzed by Leafly and Whitney Economics. Leafly and Whitney Economics project sales of $25 billion in 2021, based on first-half data. billion, and increased its 2025 forecast to $44.9 billion on milk last year.
According to data from the National Survey on Drug Use and Health, 44 percent of men and 35 percent of women had smoked marijuana at some point in their lives. According to data from the National Survey on Drug Use as well as Health6, the rate of previous cannabis use as well as number of customers were greater in 2009 (6.6 million).
With a forecasted total market size of approximately USD $9 billion by 2025 1 , Brazil is expected to be one of the biggest cannabis markets globally and the largest in Latin America, particularly for medicinal cannabis products. RHO Phyto is the first medical formulary of advanced “Cannabis 2.0”
The global e-commerce market is projected to grow 14% more every year, and according to research by New Frontier Data , the national cannabis industry will enjoy a compounded annual growth rate of 18% through 2025. We realized that since we couldn’t buy a platform experience this powerful, we literally had to build it ourselves.”.
With the potential legalization of adult-use marijuana under Amendment 3, Florida’s cannabis market is set for a significant transformation. Florida’s legal cannabis spending is projected to grow at a 12% CAGR from 2023 to 2028, with total sales expected to reach $4.5 billion by 2028, positioning Florida as the second-largest.
Beginning July 1, 2025, the CDTFA must adjust the excise tax rate every two years to a rate that would generate an amount of revenue equivalent to what would have been collected from the cultivation tax (such rate not to exceed 19%). Delivery Data Required to be Reported in Metrc. Read the CDTFA announcement.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Related Reports: CBD Oil Market by Product and Geography – Forecast and Analysis 2021-2025. Dairy Alternatives Market by Product and Geography – Forecast and Analysis 2021-2025.
In-platform advertising opportunities to engage buyers as well as advanced sales data reporting, which serves as a single, reliable source of data for developing accurate forecasts on both the buyer and seller side. Market revenues for the overall US cannabis market are expected to exceed $60 billion by 2025.
We are now doing data collection and trials on the European varieties that we planted. Dr Maroveke said the data being gathered would provide critical information to investors that are presently waiting in the wings. ZIHT founder Dr Zorodzai Maroveke said they are now testing the varieties around the country. “We
Total sales of legal cannabis in states where it is currently legal are projected to reach nearly $30 billion by 2025 ($13.1 New Frontier Data projects that legal cannabis sales only in states where cannabis is legal today for medical and/or recreational use will reach $13.1 billion in adult-use states by 2025. The Economy.
billion by 2025 growing at an impressive CAGR of 32.6%. These results raise safety and efficacy concerns. According to new research by Grand View Research (2019), the global CBD market is forecasted to reach US$ 9.69 differentiation between labeled and measured CBD values .
Combining Dama’s fintech and payment solutions and GrowFlow’s industry-leading software platform will create the most sophisticated, comprehensive solution for cannabis companies, integrating product, operations, compliance, and financial data in a more usable and flexible solution than any current offering in the industry.
Even though Germany will continue to dominate the European market for medical cannabis until at least 2024, industry consultants Prohibition Partners expect the UK medical cannabis market to show the most significant growth of any country in Europe by 2025.
Data for tax revenue from wholesale taxes has not yet been made available. million) | Tax rate: 12% retail excise tax until July 1, 2025, which then increases by one percentage point per year, maxing out at 18% on July 1, 2030; 5.125% to 8.6875% gross receipts tax (which varies depending on the location in the state). Maine (pop.
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