Cannabis. Spending on legal cannabis worldwide is expected to reach nearly $50 billion by 2026 at a compound annual growth rate (CAGR) of 16% from 2020 and hit $57 billion by 2030, while cannabis market in the United States and Canada is estimated to be about $46.5 billion and other $10.5 billion would go to other markets. The North America legal cannabis market amounted to about $34 billion in 2023 with a year-to-year rate of 10%. The U.S. legal cannabis sales reached almost $30 billion in 2023 and could be as high as $35 billion in 2024 according to the Arcview/BDS report.
Hemp/CBD. These days, at least 70 countries cultivate hemp for commercial or research purposes. The largest producers of hemp are currently China, France, Canada, USA and Chile. In 2023, hemp acreage in North America and the European Union countries totaled about 75,000 acres and 85,000 acres respectively, China – the world’s largest hemp fiber and seed producer – planted more than 340,000 acres of hemp, which put global acreage at about 520,000 acres. According to marketing analysis reports by Technavio, the global industrial hemp market size is set to reach $6.87 billion by 2027 with a CAGR of 17.1%. Grand View Research estimates that the global hemp-derived CBD market size has increased to $4.3 billion in 2023 from $2.7 billion in 2022, and it is expected to grow at a CAGR of 15.8% from 2024 to 2030.
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Hemp and Cannabis Growing and Processing Financial Model
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Cannabis and Hemp Vertically Integrated Business Plan Template
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Cannabis and Hemp CBD Testing Laboratory Business Plan Template
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Cannabis and Hemp Cultivation Business Plan Template
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Cannabis and Hemp Branding and Digital Marketing Agency Investor Pitch Deck Template
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Cannabis and Hemp Branding and Digital Marketing Agency Financial Model
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Cannabis and Hemp Cultivation Financial Model
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Cannabis and Hemp Flowers and Pre-rolls Manufacturing Wholesale/Retail Business Plan Template
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Hemp and Cannabis Growing and Processing Business Plan Template
Price range: $75.00 through $450.00 Select options This product has multiple variants. The options may be chosen on the product page
