Industrial hemp market to exceed USD 7 billion by 2031
The global hemp industry is on a strong upward path. According to Mordor Intelligence, the market is expected to grow from 3.57 billion dollars in 2026 to nearly 8 billion dollars by 2031.
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New USDA report shows value of hemp produced in U.S. is up 64%
The U.S. hemp industry continues to evolve, and the latest data from the USDA National Agricultural Statistics Service offers one of the most detailed looks at how the sector is performing.
Study shows millions Of Americans use CBD as a substitute for painkillers and other medications
About one in three Americans who use CBD take it as a substitute or supplement to at least one conventional medication, particularly painkillers, according to a recent federally funded study.
Study suggests cannabis compounds may reverse fatty liver disease
New research suggests that two non-intoxicating compounds from the cannabis plant may help reverse fatty liver disease in mice.
Georgia lawmakers approve bill to expand access to medical marijuana
Georgia lawmakers are once again moving to reshape the state’s medical cannabis program, with a newly approved bill signalling a continued push to make access easier for patients.
Montana retailers have sold over $1 billion in recreational marijuana since legalization began
Since Montana opened the door to legal recreational cannabis sales on January 1, 2022, the state’s marijuana market has undergone a dramatic transformation.
Hawaii Senate passes medical marijuana use bill for health facilities
The Hawaii Senate has approved a bill that would allow certain patients to use medical marijuana while staying in healthcare facilities across the state.
South Africa’s hemp sector set to generate $2.5 billion by 2040
South Africa could develop a domestic industrial hemp industry worth about $2.5 billion by 2040, according to a new study that highlights the crop’s potential to drive green manufacturing and rural economic growth.
Industrial hemp market projected to grow at a 17.02% CAGR through 2031
The global industrial hemp market is entering a period of remarkable growth. It is projected to expand from USD 3.57 billion in 2026 to USD 7.83 billion by 2031, reflecting a compound annual growth rate of 17.02 percent.
Report shows nearly one in five UK adults have used CBD in the past year
Cannabidiol, commonly known as CBD, has moved from the fringes of alternative wellness into the mainstream of British consumer life.