In a meeting on January 28, 2026, Brazil formally legalized medical cannabis cultivation for the first time, while also revising laws to increase patient access, expand administration routes, and facilitate research, among other changes.
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The Netherlands officially launched the experimental phase of its “Controlled Cannabis Supply Chain Experiment” on April 7, 2025, becoming the first country in Europe to implement a regulated framework for the commercial cultivation and retail sale of adult-use cannabis.
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Australia’s hemp industry is experiencing a remarkable resurgence, with plantings soaring by 119% from 2023 to 2024, driven by booming demand for sustainable construction materials and nutrient-rich hemp foods.
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Main steps in short: Understand regulatory and legal requirements. Do market research. Decide the type of cannabis business. Choose a […]
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Since November 2018, total adult-use sales revenue has surpassed $8.8 billion. With continuously rising annual adult-use cannabis sales, Massachusetts is projected to become a $2.5 billion industry.
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With a rapidly expanding patient base and a surge in prescriptions, the UK has solidified its position as the second largest medical cannabis market in Europe, now valued at over £233 million.
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Hemp is rapidly gaining global recognition as a versatile, sustainable crop – with applications in building materials, food, personal care, textiles, and medicine – projected to drive a $17 billion market by 2030.
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In calendar year 2021 (January-December), cannabis sales reached their peak at $1,467 million but since then have declined by 18.4% to $1,197 million in 2024. The first two quarters of 2025 brought $562 million worth of cannabis sales. While Washington’s cannabis sales have been falling in the last few years, this is due to lower prices of cannabis products rather than lower sales volumes.
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New Zealand’s new reforms – which eliminate licensing requirements for hemp cultivation and handling, raise the THC limit to 1%, and permit whole-plant utilization – bring it closer to unlocking the full potential of its hemp sector.
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Ohio’s recreational cannabis market generated $829 million in 2025, its first full year of sales, accounting for around 78% of the total cannabis sales in the state.
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