There are more and more countries who are legalizing the use of cannabis for medical purposes and recreational one. This means that the demand for cannabis will now be growing since it’s now being legalized by many. In fact, according to the ArcView Market Research, in 2027, the spending on cannabis can hit for up to USD 57.

In this article written by Thomas Pellechia, he talks about a growing demand of cannabis around the world, and more specifically in North America:

The largest group of cannabis buyers will be in North America, going from $9.2 billion in 2017 to $47.3 billion a decade later. The largest growth spread, however, is predicted within the rest-of-world markets, from $52 million spent in 2017 to a projected $2.5 billion in 2027.

The worldwide adult recreational cannabis market remains hampered by the United Nations and its 1961 Single Convention on Narcotic Drugs. The Arcview and BDS report believes nothing will be done to change the U.N. attitude until U.S. federal laws legalize marijuana — something Arcview’s CEO, Troy Dayton, believes will happen after the 2020 presidential election.

Still, the main difference between the U.S. and European cannabis markets is that in the U.S., recreational use will dominate sales. With a budget of $1.3 trillion in health care spending, European government-subsidized health care systems will bring the medical cannabis market to dominate Europe and become the largest medical marijuana market in the world. Read full post here…

Legalization of cannabis all over the world can be seen as a benefit and a disadvantage depending on how people will utilize it.

Sticky

Hemp and Marijuana have the potential to save the economy. And this is not an impossible dream of hippies – cloth is the key to a sustainable and abundant economy. This plant can revolutionize industry by industry: It can be used as fuel, in construction, as a cosmetic, food, tissue, paper and plastic. Some say that there are more than 25,000 products that can be made with hemp. But most likely there are many more.

Hemp Is An Economic Treasure Waiting To Be Used

Hemp is a resistant and easy to grow the crop, which is closely related to Marijuana, the difference is in its THC level. In the same way that recreational and medicinal strains are developed to obtain a maximum of THC, hemp is grown to get a minimum of THC and a maximum of fiber. Botanically, a material is a member of the Marijuana Sativa family, as can recreational Marijuana. They can be considered as different strains of the same plant.

Environmental And Sustainable

Hemp has the almost unlimited potential of being a versatile and sustainable resource. It can grow in virtually all non-extreme climates, thrives on practically any type of soil, has a natural resistance to pests, can displace weeds, and is believed to even improve soil quality by eliminating toxins (including nuclear toxins). The whole plant, from its seed to the stem, can be used in industrial applications, and it is much more environmental and sustainable than many of the current methods we use and can replace.

Hemp Industry


In 2012, it was estimated that the value of the hemp industry was 500 million dollars in annual retail sales, only in the US.

Imagine the potential it could have to create jobs and grow as an industry if it were not slowing down. It could create thousands of jobs, produce new products and make our lifestyle much more sustainable – benefits to the economy, to our knowledge.

Hemp As A Food Source Is One Of The Fastest Growing Uses.

To give you an idea of the power of hemp, R. Lee Hamilton, a famous biochemist, has described hemp as the potential cure for hunger in the world, and says that “its absurd prohibition [in the US]” is a parody against humanity and the most valuable plant in the world. This seems to be the story for all applications of hemp – it is entirely undervalued. It is a very viable alternative to oil; it can be used to build green and negative carbon houses, it can produce biodegradable, resistant and durable plastic, it provides high quality and sustainable fabrics, and even has medical and cosmetic uses. It seems that there are very few aspects of life that could not be improved with its use.

A perfect example of this is the automotive industry. It is known that Henry Ford, the founder of Ford cars, made a car whose frame was made entirely of hemp plastic. Fortunately, this concept has been retaken, and virtually all major automakers are beginning to include hemp-based compounds in their latest car models.