Cannabis Cultivation Market Size, Revenue Analysis, Industry Outlook, Forecast, 2021-2028
According to the most recent analysis by Emergen Research, the cannabis cultivation market had a value of USD 322.50 billion in 2021 and is projected to grow at a rate of 21.9% during the forecast period. The market is expanding as a result of growing cannabis legalisation around the world and rising consumer demand for products flavoured with hemp. Hemp-based beverages, sweets, and chocolates are still in high demand on the market. The euphoric "high" from such edibles takes one to two hours to begin, but it lasts longer than when smoke or vapour is consumed. Due to advancements in scientific research and business innovation, the drawbacks of edibles, such as the unpredictable effects of marijuana after consumption, are beginning to be solved. Additionally, while lockdown procedures were in place during COVID-19, European consumers stocked up on goods. A marketplace for hemp goods called Cannazon recorded sales worth around USD 5.04 million between January and March 202...