Filtered by tag "Cannabits"

Registered Uruguayan Cannabis Consumers

In 2014, Uruguay became the world’s first country to legalize adult-use cannabis: Citizens may access it through pharmacies, membership in clubs, or self-cultivation. The most common way that Uruguayans access legal cannabis is through pharmacies, and the number of such customers has been rising — now 77% of registrants patronize pharmacies, up from 68% in […]
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US Cannabis and Alcohol Sales

In 2018, U.S. retail alcohol sales totaled $254 billion, nearly 7x overall cannabis sales (both legal and illicit) of $37.2 billion. New Frontier Data estimates that overall domestic cannabis sales grew 6.7% in 2018, while alcohol sales meanwhile grew at 5% year over year (source: bw166). In its upcoming white paper, The Nexus of Alcohol […]
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Global Industrial Hemp Applications

New Frontier Data predicts sales of hemp-based industrial products to accelerate with strong growth across global markets for 5-10 years. With 2018 sales of $425 million, Europe remains the global leader in industrial hemp. Out front with segments like hemp-based automotive parts (biocomposites) and animal bedding, Europe will retain its lead in global industrial sales […]
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Mexico’s Cannabis Market Potential

Mexico is the second-most populated country in Latin America, with more than 1.4 million cannabis consumers, including nearly 850,000 regular (past-month) users. Mexico’s total potential market revenues surpass $2.0 billion, supporting between 50,000-75,000 jobs. Converting farms from illicit to legal grows represents a significant challenge for the Mexican government due to the activity and [...]
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Global Hemp Food Sales

Hemp-based foods are generating significant new interest after the passage of the 2018 U.S. Farm Bill. Between 2018-2020, global hemp-infused foods are forecast to grow 46%, from $353 million to $479 million. The U.S. will lead, reaching $151 million by 2020, followed by China ($101 million) and Europe ($79 million). Hemp foods rely on three […]
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Latin America’s Top 5 Estimated Addressable Cannabis Markets for 2019

Investors and cannabis businesses are flocking into Latin America as countries across the region expand legal access to cannabis. Latin America is home to an estimated 12.9 million consumers (per annual usage) who spend nearly $10 billion per year on cannabis. Collectively, Latin Americans annually consume over 5.1 million pounds of cannabis, which underscores the […]
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The Global Hemp Market Expansion

Hemp is a unique plant with over 25,000 diverse and derivative uses, intersecting more markets and industries worldwide than any other crop in the agricultural economy. New Frontier Data’s latest report, Global State of Hemp: 2019 Industry Outlook, tracks the global market across the United States, Australia, Canada, China, the European Union, South and Central […]
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2019 Outlook: Surging Adult Use Sales Drive Legal Market Growth

New Frontier Data’s latest U.S. cannabis market forecast shows currently legal medical and adult markets growing from $12.9 billion in 2019 to $20.4 billion in 2022. Nationwide spending on illicit cannabis will grow from $27 billion to $28.1 billion (based on the growth trend of American cannabis consumers). Adult-use sales in the 10 currently legal […]
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U.S. Cannabis Consumer Shopping

U.S. Cannabis Consumer Shopping

Average expenditures per consumer in December 2018 reached $171, a 3.0% percent increase from the previous month. Conversely, average expenditures per consumer in Central California rose 8.2%, as the Bay Area California saw a marginal increase of 4.8%. Six of the 12 U.S. markets identified increased during December 2018. The 19.1% rise in average expenditures […]
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Legal Cannabis in Europe

29 European countries have legalized1 medical cannabis in some form. 20 of those have decriminalized possession or consumption of personal doses2 of cannabis. While Spain and the Netherlands permit personal cannabis use in coffee shops and social consumption clubs, in Europe only Georgia has fully legalized it for adult use. 1Legalization for medical use does […]
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