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Reports Says, “Legal Marijuana Market Worth $66.3 Billion By 2025 | CAGR: 23.9%”

Cannabis Law Report

billion by the end of 2025, according to a new report by Grand View Research, Inc. Legalization of medicinal marijuana and decriminalization in some countries has led to a significant decrease in the black market, as people are resorting to legally purchasing cannabis for medicinal as well as recreational use. from 2019 to 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. Jamaica, a country where marijuana smoking has long been popular, is set to decriminalize it too.

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New York Medical Marijuana Guide

Cannabis Law Report

Marijuana remained illegal, however, until 1977, when the possession of 25 grams or less of cannabis was decriminalized. Researchers predict that the market will be valued at $7 billion by the year 2025. What did pass in 2019 was a handful of marijuana decriminalization measures. billion in revenue.

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Article: General Counsel’s Corner: Cannabis and the Campus

Cannabis Law Report

law as a Schedule I Controlled Substance, 2 which means that its possession, sale or use is prohibited by federal law, even in those states whose laws have decriminalized the use of cannabis. The major category of marijuana is broken down further to include hashish and hashish oil in varying quantities.

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

Cannabis Law Report

As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. billion in 2025, according to Grandview Research. Both THC and CBD are psychoactive, but unlike THC, CBD does not intoxicate.

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