Filtered by tag "global cannabis"

Global Cannabis Market

New Frontier Data’s latest analysis reveals for the first time the full scale of global cannabis demand: More than 260 million adults worldwide consume cannabis at least once per year, collectively spending $344 billion USD annually. The size of the cannabis market varies widely by region: Social norms and cultural practices significantly influence cannabis use, […]
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New Report Offers First-Ever Overview of Global Total Cannabis Market

By New Frontier Data staff Whatever else that people might think or say about the nearly half-century international War on Drugs, by nearly any measure the results regarding cannabis have clearly fallen short of publicized policy intentions. Despite nearly universal prohibition, adults worldwide routinely choose to consume cannabis, a reality which underscores that to whatever […]
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Consumer Populations Do Not Always Correlate to Frequency of Cannabis Usage

By J.J. McCoy, Senior Managing Editor, New Frontier Data New Frontier Data estimates that there are 263 million cannabis consumers globally – 6% of the world’s adults –  revealing in new detail the extent to which cannabis is used worldwide. Yet within and across the continents, the relative rates of consumption vary widely, reflecting broadly […]
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Global Cannabis Usage Rates by Region

As part of our broader global-demand modeling efforts, New Frontier Data has developed a groundbreaking new model for estimating the worldwide total number of cannabis consumers. With more than 260 million cannabis consumers worldwide, the global cannabis consumer market is far larger, more geographically distributed, and more lucrative than indicated by the few legalized markets. […]
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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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17 Million Potential Cannabis Patients in Latin America

Regional Stakeholders Meet at InterCannAlliance Symposium to Discuss the 9 Foundational Pillars of Emerging Global Medical Cannabis Market By Giadha Aguirre de Carcer, CEO, New Frontier Data The 9 Foundational Pillars There are more than 60 nations worldwide seeking to decriminalize or legalize cannabis, mostly for medical applications. To date, New Frontier Data has observed, […]
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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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How Alleged WHO Recommendations Would Affect International Cannabis Markets

By Beau Whitney, Vice President, and Senior Economist, New Frontier Data An anticipated recommendation by the World Health Organization (WHO) calling for the international rescheduling of “marijuana” and derivative products is poised to be a watershed moment with implications to be observed throughout global markets. If an unconfirmed leak of a WHO document reported February […]
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50 New Cannabis Markets Globally

By J.J. McCoy, Senior Managing Editor, New Frontier Data If 2019 proves too preliminary for historians to describe it as the tipping point in the founding of a global cannabis industry, it will not be for lack of trying. Recent news of Thailand and South Korea becoming the latest countries to adopt the use of […]
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