First-of-its-kind marketplace modeling finds expansion projections for 92% of nations with criminal high-THC hashish gross sales
Washington, September 15, 2021 — New Frontier Information (https://newfrontierdata.com), the premier knowledge, analytics and era company that specialize in the hashish trade international, in partnership with TSRGrow, FTI Consulting and SōRSE releases its newest record, The World Hashish File: Expansion & Traits Via 2025, a first-of-its-kind research of the worldwide marketplace for high-THC hashish and the drivers, developments and alternatives represented by means of the trade’s expansion international.
New Frontier Information
For the primary time, New Frontier Information constructed customized predictive fashions for 23 regulated scientific hashish markets and six adult-use markets, spanning 24 nations, incorporating distinctive regulatory and shopper knowledge from every nation to supply subtle Five-year forecasts for home criminal high-THC gross sales to sufferers and adults. The record additionally supplies an research of overall annual international hashish call for this is in keeping with utilization fee, pricing, and shopper spending knowledge sourced from each criminal and illicit markets throughout all 217 nations regarded as within the research.
“The findings supported by means of this first-of-its-kind record are aligned with the emergence of areas as facilities of excellence inside the increasing international hashish economic system,” famous Giadha A. DeCarcer, Founder and Government Chair of New Frontier Information. “Our granular means, accounting for the original forces at paintings in every nation, area and marketplace, units us except different findings that depend on generalized high-level assumptions and lead to misinformed and rudimentary projections.”
Key File Findings:
- World gross sales of high-THC hashish thru criminal regulated resources totaled $23.7B in 2020, with the U.S. by myself accounting for $20.3B.
- Development on increasing criminal get admission to and powerful shopper call for, gross sales in recently criminal markets are forecast to exceed $50B by means of 2025.
- Globally, overall shopper spending on criminal and illicit high-THC hashish is projected to develop from $415B in 2020 to $496B by means of 2025 (a CAGR of three.6%), pushed by means of growth of criminal nation markets and lengthening social acceptance of the plant’s healing worth.
Key Traits Shaping the World Hashish Financial system:
- A rising frame of medical analysis is validating the healing packages of hashish, serving to power wider adoption amongst healthcare practitioners.
- Product innovation is making improvements to the benefit, discretion, high quality and consistency of criminal marketplace merchandise, making a myriad of recent techniques for customers to combine hashish into their existence.
- “Canna-curious” customers who’ve no longer but attempted hashish could have a considerable have an effect on on market expansion as social acceptance widens.
- 29% of recreational vacationers specific passion in eating hashish whilst on holiday, and as availability expands, new alternatives to capitalize on “canna-tourism” will emerge as a rising sub-vertical.
- With customers’ tastes and personal tastes evolving along product innovation, the tempo to achieve a mature product panorama in newly legalized markets will boost up.
Obtain a complimentary reproduction of The World Hashish File: Expansion & Traits Via 2025 right here: http://information.newfrontierdata.com/global-report-2021
About New Frontier Information:
New Frontier Information is the premier knowledge, analytics and era company that specialize in the worldwide hashish trade, handing over answers that permit traders, operators, advertisers, manufacturers, researchers and coverage makers to evaluate, perceive, interact and transact with the hashish trade and its customers.
Our venture is to tell coverage and business process for the worldwide criminal hashish trade. We deal with a impartial place at the deserves of hashish legalization thru complete and clear knowledge research and projections that form trade developments, dynamics, call for and alternative drivers. Based in 2014, New Frontier Information is headquartered in Washington, D.C. with a presence in Europe, Latin The us and Africa. For more info about New Frontier Information, please discuss with us at www.NewFrontierData.com.
Susan Clayton Hammann
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New Frontier Information
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