Eco-Friendly Cannabis Packaging

The cannabis industry is growing at an exponential pace. With the legalization of Hemp, the growth of CBD and new states and countries legalizing, the marijuana sector is at an all-time high.
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  • Medical marijuana emerged as the largest marijuana type segment in 2016 and is estimated to be valued at USD 100.03 billion by 2025 – Grand View Research

  • The global legal marijuana market is expected to reach USD 146.4 billion by end of 2025 – Grand View Research

  • By product type, marijuana buds segment was estimated to be dominant in 2016 with a revenue share of 62.9% and is estimated to be valued at USD 82.9 billion by end of 2025 – Grand View Research

  • Sales of legal cannabis only in the U.S. amounted to nearly $10 billion in 2018 alone. – Fit Small Business

  • A regulated dispensary averages about $3 million per year in revenue.- Fit Small Business

  • Annual operating costs for a regulated dispensary average about $1.92 million annually.- Fit Small Business

  • About 18% of American consumers aged 18 to 29 use marijuana.- Fit Small Business

  • Most people spend an average of $25 to $50 per trip at a marijuana retailer. – Fit Small Business

  • There were 9,397 active licenses for marijuana businesses as of 2017. – Fit Small Business

  • Legal sales could hit more than $22 billion by 2022 – Fool.com

  • Recreational pot sales could double medical sales by 2022 – Fool.com.

  • Total U.S. cannabis demand is $52.5 billion – Fool.com

  • Fully legalized cannabis could eventually top U.S. cigarette sales – Fool.com

  • Capital raising from North American public cannabis companies totaled $394.1 million in January of 2019 alone – Flow Hub

  • The forecasted growth of the US cannabis industry is up to $80 billion – Flow Hub

  • Revenue from the CBD category is forecasted to reach $1 billion per year – Flow Hub

  • Sales of legal recreational and medical cannabis in the United States in 2017 topped those of Oreos and organic produce combined. – MJ Biz Daily

  • Spending on legal cannabis worldwide is expected to hit $57 billion by 2027 – Forbes

  • Australia’s legal cannabis market is forecast to grow from $52 million in 2018 to $1.2 billion in 2027, the 5th largest in the world. – Forbes

  • Germany is poised to be the leader of the European cannabis market, and Italy is expected to be second with $1.2 billion in sales by 2027. – Forbes

  • 55 million Americans are cannabis users. – Fit Small Business

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