Cannabis Extraction Business – Cannabusinessplans

Cannabis. Spending on legal cannabis worldwide is expected to reach about $50 billion by 2025 at a compound annual growth rate (CAGR) of 20% from 2020 and hit $57 billion by 2027, while cannabis market in the United States and Canada is estimated to be about $46.5 billion and other $10.5 billion would go to other markets. The North America legal cannabis market amounted to about $35 billion in 2022 with the compound annual growth rate (CAGR) at 20%. The U.S. legal cannabis sales reached $17.5 billion in 2020 and $25 billion (about $18 billion of adult-use sales and $7 billion for medical sales) in 2021. Experts estimate that 2022 sales passed $30 billion and by 2024 could be as high as $35 billion. Cannabis Extraction Business

Hemp/CBD. These days, at least 70 countries cultivate hemp for commercial or research purposes. The largest producers of hemp are currently USA, China, Canada, France and Colombia. Hemp acreage in North America and the European Union countries reached record levels in 2020, over 360,000 acres and about 135,000 acres respectively, which put global acreage at about 675,000 acres. China – the world’s largest hemp fiber and seed producer – planted more than 160,000 acres of hemp. According to marketing analysis reports by ResearchAndMarkets, the global hemp market size was valued at $6.80 billion in 2022 up from $4.13 billion in 2021 and is expected to grow at a compound annual growth rate of 21.6% to $18.10 billion by 2027. Cannabis edibles business

We offer “70% ready to go” professional Cannabis business plan templates and Hemp/CBD business plan templates, including pro forma financials with projections to answer the fundamental, and critical questions of how much money it will take to start your cannabis business and how much your 100% legally compliant medical or recreational cannabis business will make. We also have a range of cannabis pitch deck templates.