The latest cannabis news from around the world
The Growth Due To Culture
Female Cannabis Consumers
Even though female cannabis consumers only make up a third of the US market, their sales have increased by 55% in 2021. (Headset)
California Cannabis Market
The state of California is currently the most significant cannabis market in the world, for the moment more prominent than the entire Canadian legalized market. (Statista)
The UK Market
The United Kingdom has become a cannabis deal hub, accounting for over half of all investment activity in Europe. (Statista)
The Market in Germany
Germany has one of the largest medical cannabis markets and was the second leading country for investment activity. (Statista)
Why The Dispensary Matter
In 2021, statistics showed that 46% of US consumers get their cannabis products directly from a dispensary. (Leafly)
Black Pride On Full Display
Black people make up 14% of our population, yet only 2% of America’s estimated 30,000 cannabis companies are Black-owned. (Leafly)
Why The Culture Matters
The cannabis culture has been around for centuries and is an important part of many people's lives.
Cannabis has been a part of human culture for centuries. It's been used for medicinal and spiritual purposes by people all over the world. In recent years, there's been a renewed interest in cannabis culture, especially among black Americans and other people of color.
Cannabis culture matters because it can help us connect with our heritage, heal our bodies, and create new businesses and jobs. Let's take a closer look at why the cannabis culture is so important.
The cannabis industry is booming, with new products and businesses popping up all the time.
The cannabis industry is experiencing an unprecedented upswing across the United States, as entrepreneurs and companies are taking full advantage of the increasing legalization of marijuana. New businesses are launching that help serve various needs in the expanding industry; from growers and dispensary owners to tincture makers, edibles providers, and hemp-based products.
An ever-growing range of innovative products is making their way onto store shelves - from garden supplies to rolling papers and topical treatments- enhancing the variety available to consumers. This surge in activity is allowing countless budding entrepreneurs to tap into this new gold rush with exciting opportunities for growth.
In the cannabis industry? We want to hear it and share it.
What's Your Story?
We love hearing the stories and come-up of others in the cannabis industry. Do you have a story to tell of how you got into the marijuana business? We want to hear it and share it with others.
We hope by celebrating you and sharing your story, it will inspire others to join us as cannabis entrepreneurs in the industry.
During the first year of the pandemic (2020), the US cannabis market saw a 71% increase in sales compared to 2019, reaching $18 billion.
Leafly
US cannabis sales reached $175 million on April 4th, the most important cannabis holiday typically abbreviated as 420.
Statista
As for 2021, the cannabis market stood at $28.26 billion and is expected to rise to $197.74 billion by 2028.
Fortune Business Insights
The cannabis industry is expected to create a $100 billion influx to the American economy in 2022, while this number is projected to rise to $155 billion by 2026.
MJBizDaily
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