Report: Canada's Cannabis Sector is Mainstream
Seven years after legalization, the cannabis industry has fully integrated into Canadian society, moving from niche to mainstream consumer choice according to a new report. A national survey by Abacus Data reveals that not only is use widespread, but Canadians across the political spectrum see the sector as a valuable economic engine and are ready to see regulations modernized to fuel its growth.
According to the survey, Cannabis is part of everyday life. The data clearly shows that cannabis use is no longer a subculture. More than one in three Canadian adults report using cannabis in the past six months, with that number rising to 50% for those under 45. Cannabis is being consumed in diverse forms, with 25% of Canadians using edibles recently. Notably, the preference for cannabis is challenging alcohol: 30% of users say they prefer cannabis over alcohol, with another 29% viewing the two equally.
Canadians view the legal cannabis industry as a significant economic contributor, with a strong majority of 59% agreeing it’s important to the national economy. This perspective holds true across regions and political affiliations. This broad support translates into a clear message for policymakers.
Canadians are looking for the federal government to move beyond simple compliance and focus on growth. When asked about priorities, respondents want economic departments (like Industry or Agriculture) involved in policy decisions (47%) and tougher enforcement against the illegal market (43%).
There is also strong public appetite for emerging product categories. A majority (57%) is open to federal investment in the growth of new products like cannabis beverages, edibles, and wellness items.
Looking toward the future, over 70% of Canadians view the creation of tens of thousands of new domestic jobs and Canada becoming a global leader in wellness-focused cannabis products as a positive outcome.
The Abacus Data report concludes that the legal cannabis industry has a solid social license and visible economic value.
Abacus Data is a Canadian polling and market research firm based in Ottawa, Ontario.
For more on this report visit: https://abacusdata.ca/cannabis-is-mainstream-public-support-is-strong-and-canadians-want-the-sector-to-grow/
Report: Cannabis Cultivation Market 2025
The Cannabis Cultivation market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market.
This is one of a series of reports on the cannabis industry published by Research and Markets, an industry analysis firm headquartered in Dublin Ireland.
The analysts at Research and Markets predict the cannabis cultivation market will grow from $179.32 billion in 2024 to $208.64 billion in 2025 at a compound annual growth rate (CAGR) of 16.3%. “The growth in the historic period can be attributed to legalization trends, medical use acceptance, consumer awareness, investment inflow.”
The reports goes on to predict the cannabis cultivation market “will grow to $407.91 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to research and development, sustainable practices, consumer education.”
Although the full 200-page report is expensive, the description and executive summary are free and provide excellent information on the marketplace including the following points.
- The adoption of cannabis for treating chronic diseases is anticipated to drive the growth of the cannabis cultivation market in the future.
- The increasing public acceptance and demand for cannabis are expected to boost the growth of the cannabis cultivation market going forward.
- Product innovations are a key trend gaining popularity in the cannabis cultivation market.
To read the description & executive summary of this report, visit:
https://www.researchandmarkets.com/reports/5766626/cannabis-cultivation-market-report
Report: Global Cannabis 2024-2028
The Global Cannabis Report: 5th Edition delivers a thorough analysis and insight into the world’s key cannabis markets, organised by region. This edition explores the global evolution of cannabis markets and examines possible future developments on the international stage. Additionally, it highlights the most notable and relevant trends in the industry, offering regional insights, market sizing data and analyses, and exclusive interviews with cannabis industry experts from around the world.
This report is produced by Prohibition Partners, which provides specialist information, data analytics and digital commerce solutions to the B2B cannabis industry.
For more information and to download the ‘Lite” version of the report for free, visit:
https://prohibitionpartners.com/reports/the-global-cannabis-report-5th-edition/
Report: Statista Cannabis Market Data & Analysis
The 2024 Cannabis Market Data & Analysis Report from Statista, a global data and business intelligence platform, provides an international oversight into the Cannabis market. This 72-page report offers insight into drivers, current market trends, key companies, consumer insights, and future developments in the market.
“New product innovation and a shift in attitude towards cannabis from consumers and governments have led to a growing Cannabis market. Overall, the Cannabis market realized a revenue of US$59.4 billion worldwide in 2023.”
The analysts at Statista predict that the cannabis market will grow at a CAGR of 3.01% between 2024 and 2029. “Particularly strong growth is expected in upper-middle-income countries, due to the growing trend of changes in cannabis legislation and the corresponding expansion of supporting infrastructure.”
Statista reports, “Together, the Recreational and Medical Cannabis segments account for 51% of the total global revenue, due to the major sales of cannabis for recreational and medical-use in Canada and the United States.”
Statista is a global data and business intelligence platform with an extensive collection of statistics, reports, and insights on over 80,000 topics from 22,500 sources in 170 industries. Established in Germany in 2007, Statista operates in 13 locations worldwide and employs around 1,100 professionals.
For more information about this report visit: https://www.statista.com/study/119812/cannabis-market-data-and-analysis/
Report: Cannabis Packaging Market 2022-2027
This report provides Global Industry Trends, Share, Size, Growth, Opportunity and 2022-2027 Forecast for the Cannabis Packaging Market.
According to the report, the global cannabis packaging market reached a value of US$ 982.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3949.6 Million by 2027, exhibiting a CAGR of 25.40% during 2022-2027.
In this report, IMARC Group provides an analysis of the key trends in each sub-segment of the global cannabis packaging market, along with forecasts at the global, regional and country level from 2022-2027.
For more information about the report, visit:
https://www.imarcgroup.com/cannabis-packaging-market
For information on how AirMed helps manage packaging, visit:
https://airmedcloud.com/software/#stock
Report: Global Cannabis Market 2021-2026
The Global Cannabis Market report for 2021-2026 provides Growth, Trends, COVID-19 Impact, and Forecasts.
According to the report, the global cannabis market was Valued at USD 22.10 billion in 2020. The market is projected to witness a CAGR of 13.9% during the forecast period (2021-2026).
“Like every other market, COVID-19 had an adverse impact on the cannabis market as well. The imposition of lockdown limited consumers from visiting brick-and-mortar shops. However, many cannabis companies began relying heavily on social media and e-commerce platforms to market to consumers during the year. Cannabis retail outlets, producers, manufacturers, distributors, and warehouses were deemed essential services by the Alberta Government on March 30, 2020. As a result, cannabis businesses and services continued to serve Albertans throughout the COVID-19 pandemic.”
For more information on this report, visit:
https://www.researchandmarkets.com/reports/4771910/global-cannabis-market-growth-trends-covid-19
For information on how AirMed helps the Canadian cannabis companies, visit:
https://airmedcloud.com/customers/
Report: North America Legal Cannabis Market 2021-2026
Titled, North America Legal Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, this report is published by IMARC Group.
According to the report, the North America legal cannabis market reached a value of US$ 16 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 26.2% during 2021-2026.
In this report, IMARC Group provides an analysis of the key trends in each sub-segment of the North America legal cannabis market report, along with forecasts at the global and regional level from 2021-2026.
For more information visit:
https://www.imarcgroup.com/north-america-legal-cannabis-market
For information on how AirMed helps legal cannabis producers and processors, visit: https://airmedcloud.com/compliance/