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Global Cannabidiol (CBD) Strategic Business Report 2022: Market to Reach $13.4 Billion by 2027 – U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 19.8% CAGR – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Cannabidiol: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

Global Cannabidiol Market to Reach $13.4 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Cannabidiol estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$13.4 Billion by 2027, growing at a CAGR of 15.1% over the analysis period 2020-2027.

Hemp, one of the segments analyzed in the report, is projected to record 16.4% CAGR and reach US$8.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Marijuana segment is readjusted to a revised 12.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 19.8% CAGR

The Cannabidiol market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2027 trailing a CAGR of 20.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 13.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.

What’s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Cannabidiol – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS (Total 47 Featured)

  • ABcann Medicinals, Inc.
  • Aphria, Inc
  • Aurora Cannabis
  • Canopy Growth Corporation
  • CBD LION
  • CBDfxBota
  • CBDistillery
  • cbdMD
  • GW Pharmaceuticals, plc
  • Kazmira
  • Maricann, Inc. (Wayland Group Corporation)
  • Medixcbd
  • Medterra
  • NuLeaf Naturals
  • Organigram Holding, Inc.
  • The CBD Company
  • The Cronos Group
  • Tikun Olam
  • Tilray

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

UNITED STATES

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in Japan for 2022 (E)

CHINA

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in China for 2022 (E)

EUROPE

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in Europe for 2022 (E)

FRANCE

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in France for 2022 (E)

GERMANY

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in the United Kingdom for 2022 (E)

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in Australia for 2022 (E)

INDIA

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in India for 2022 (E)

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in Latin America for 2022 (E)

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in Middle East for 2022 (E)

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

  • Cannabidiol Market Presence – Strong/Active/Niche/Trivial – Key Competitors in Africa for 2022 (E)

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/fxkdpr

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

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Leafly Announces 2022 Cannabis Strain of the Year

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Leafly’s team of world-class cannabis experts chose Jealousy, a hybrid strain first introduced in 2019, for its notable trajectory of growth year-over-year, reflecting its widespread popularity amongst consumers and cannabis growers

SEATTLE–(BUSINESS WIRE)–Leafly Holdings, Inc. (“Leafly”), one of the world’s leading cannabis discovery marketplaces and resources, today announced Jealousy, a hybrid strain that originates from the influential Southern California market, as the 2022 Leafly Strain of the Year.

Jealousy, a hybrid strain made by industry-leading cannabis breeder Seed Junky Genetics, is a cross of the wildly popular Sherbert with 2018 Leafly Strain of the Year Gelato. Jealousy was brought to market in 2019 by The Minntz, a Cookies and Seed Junky Genetics collaboration brand. The strain flew off the shelves in the influential Southern California market and the strain has seen an upward trajectory since, quickly earning a spot as a Top 100 strain on Leafly’s database of more than 6,000 cataloged cannabis strains.

Now in its 5th year, the Leafly Strain of the Year honors a cannabis strain that demonstrated unparalleled breakthrough market impact among the more than 6,000 strains in the Leafly strain database. Former Leafly Strain of the Year winners Runtz and Dosidos both now rank in the top 10 most popular cannabis strains in America and cannabis aficionados regard Leafly’s Strain of the Year as a kingmaker within the industry.

The velocity and trajectory of Jealousy demonstrates how the modern cannabis consumer is becoming more sophisticated and selective. According to David Downs, Leafly’s California Bureau Chief, purple-colored weed is on trend right now and Jealousy’s flower is dark purple all the way to black, with dapples of bright green.

“If your local dispensary has Jealousy in stock, it’s safe to say that they’re savvy to the connoisseur cannabis conversation in the US right now,” said Downs. “Cannabis breeders constantly create new strains to meet evolving consumer trends and future demand. Jealousy’s waves continue to reverberate. More than a dozen new, notable strains crossed with Jealousy capitalize on its lineage and prestige.”

Dominant in the terpene caryophyllene, commonly found in black pepper, cloves, cinnamon and of course, cannabis, Jealousy has a spicy aroma. Reviewers tell Leafly that Jealousy tastes earthy and funky and that the strain helps them feel mentally relaxed but physically energetic.

Advertisers cannot buy a Leafly Strain of the Year. Leafly’s award-winning experts follow emerging strains, analyzing year-over-year changes in strain page views, growth in menu-availability and orders placed.

Other deciding factors include how new or unique a strain is, as well as its pedigree. Leafly’s team scrutinizes the breeder, the strain’s effects, where it fits into the market and how widely available it is in adult-use states.

For additional information on Jealousy, visit here: https://www.leafly.com/news/strains-products/jealousy-2022-leafly-strain-of-the-year

About the Leafly Strain of the Year

The Strain of the Year selection process requires thoughtful consideration and trend analysis. Each year, Leafly’s team of cannabis experts comb the industry looking for standout strains that demonstrate a velocity that trickles down into consumer demand. Since its inception in 2018, Leafly’s Strain of the Year has proved itself to be a kingmaker for cannabis strains, influencing consumer tastes, preferences and retailer’s wholesale purchasing decisions. Past selections for Leafly’s Strain of the Year include:

About Leafly

Leafly is the world’s online destination for cannabis, with more than 6,000 strains in its database, more than 3,000 store menus listed, and millions of monthly readers. helps millions of people discover cannabis each year. Our powerful tools help shoppers make informed purchasing decisions and empower cannabis businesses to attract and retain loyal customers through advertising and technology services. Learn more at Leafly.com or download the Leafly mobile app through Apple’s App Store or Google Play.

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Callie Driehorst

PR@leafly.com

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PAX Debuts New PAX Era Device and High Purity THC

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Offers consumers the perfect blend of potency and flavor, at an accessible price

SAN FRANCISCO–(BUSINESS WIRE)–#PAXlifePAX, a leading global cannabis brand, today announced the launch of its latest cannabis experience—the all new PAX Era vaporizer device and High Purity THC pod, the fourth cannabis product to come to market from PAX this year. Designed to work perfectly together, the new Era lineup offers consumers more vapor and a new anti-clog feature, while PAX High Purity THC pods offer a high potency experience at the brand’s most accessible price point to date.


“We’re excited to continue to expand our cannabis offerings to better meet the needs and lifestyles of our customers, especially those who want the clean, high quality products PAX has staked its reputation on,” said Steven Jung, Chief Operating Officer at PAX. “In this case, we’re delivering a high performing closed-loop system, paired with our High Potency THC, to provide the perfect blend of unique flavors and potency at an accessible price.”

PAX Era

Building on more than a decade of innovation and industry leading standards, the newest device from PAX’s rechargeable closed-loop battery and pod system, PAX Era, has been re-engineered to heat faster and produce more vapor, delivering hits up to 50% bigger than previous generations. An intuitive new anti-clog feature works automatically to prevent clogs. PAX’s patented temperature control heats, and never burns, for consistent flavors and aromas from start-to-finish for every pod. All devices are backed by a 1-year limited warranty.

The lineup offers three vibrant new colorways, Ultra Pink, Ultra Blue, and Ultra Green, in addition to a classic Black, with a MSRP starting at $35. PAX Era devices are available to consumers on pax.com or through licensed retailers in 20 states, including Arizona, California, Colorado, Connecticut, Florida, Illinois, Louisiana, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New Mexico, Oklahoma, Oregon, Pennsylvania, Rhode Island, Utah and Washington.

PAX High Purity THC

PAX’s High Purity THC pods are California cannabis oil, sourced for purity and potency, enhanced with a blend of terpenes to bring out unique flavor and taste profiles. Available in six flavor-forward cultivars, including Limoncello Haze (Sativa), Strawberry Créme (Sativa), Berry Gelato (Hybrid), Forbidden Fruit (Hybrid), London Pound Cake (Indica), and GMO Cookies (Indica) each with 85%+ THC. All PAX pods are made with food grade materials and tested to medical standards, certified free from residual solvents, cutting agents, harmful heavy metals, toxins and contaminants. Available across California, PAX’s High Purity THC starts at $30 for 1G, providing the lowest-cost introduction to the PAX platform.

PAX is a leading global cannabis brand on a mission to enhance people’s lives through exceptional cannabis experiences. PAX’s curated set of pure, full-flavor products and award-winning devices make enjoying cannabis clean, simple and safe. For more than a decade, PAX has created high performance devices that deliver enduring quality through innovations in design and technology, and remain trusted by millions of consumers nationwide. The PAX brand believes in creating sustainable well-being and building opportunity through cannabis. pax.com

NOT FOR SALE TO MINORS. Final Bell Lic. No. C12-0000266-LIC. © 2022 PAX Labs, Inc. All Rights Reserved. PAX, X, and ERA are all trademarks of PAX Labs, Inc. Patents and Trademarks: pax.com/IP.

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press@pax.com

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Nabis Releases First Look at Wholesale Category Data to Support Brands Scaling In California’s Cannabis Market

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Product-Specific and Regional Sales Data Now Exclusively Available for Nabis’ Partners to Identify Market Growth Opportunities in 2023

SAN FRANCISCO–(BUSINESS WIRE)–Nabis, the leading licensed cannabis wholesale platform in the world’s largest legal market, has released to its partners a first look at its proprietary wholesale category data across flower, vape, concentrates, prerolls, edibles and personal care. These metrics shed light on both the consumer demand and financial health of California’s industry in the second half of 2022 with a look at live gross annual sales for each category, as well as the top selling markets across the state.

“We’ve never done this before and wholesale distributors are typically incentivized to keep this information private,” said Brian Dewey, Head of Business Development at Nabis. “In today’s cannabis climate, any market knowledge that companies can leverage to support their portfolio and ensure they make profitable business decisions is paramount to their success. We’re thrilled to be sharing our initial wholesale category findings, and hope it will help direct strategies as we head into the new year.”

Currently, Nabis provides its brand partners real-time access to retailer credit scores and analytics related to their business such as category and SKU performance, market saturation by territories and retailers to target. As part of its mission to revolutionize the cannabis supply chain, Nabis now tracks an additional range of market-specific data and trends to further provide its network with a comprehensive look into the state of the market through its data-driven insights.

For example, the market share by category from June-November 2022 across Nabis’ ecosystem in California dispensaries ranks as follows:

  • Vape is the highest selling product category at 38%
  • Flower is second at 21%
  • Prerolls are third at 17%
  • Concentrates are fourth at 11%
  • Edibles are fifth at 9%
  • Personal Care is sixth at 3%

Beyond overall sales and metrics such as product discount levels, extended terms variability and seasonality on products, the new wholesale data reflects geographic trends across California. Los Angeles, for example, is the top selling market for all categories across the state, followed by Sacramento and San Francisco.

Unlike similar platforms, Nabis’ closed loop system, combined with its robust logistical services, enables immediate wholesale data insights to be captured from the entirety of each brands’ sale cycle. With visibility into growth opportunities and market trends in every category and subcategory level, new and established businesses alike have the opportunity to identify sales gaps and targets in order to retain control amidst California’s rapidly evolving, and oftentimes unpredictable market.

“Knowing which areas in the state offer opportunities for product innovation is critical for cannabis brands,” said Dewey. “Without it, brands are essentially in the dark and forced to experiment with their sales strategies, which can be costly and counterproductive.”

These industry-specific insights are now available to current brand partners as an additional feature to Nabis’ services. The company plans to build out and integrate the formalized wholesale category data into its platform for real-time utilization in 2023.

For more information, please visit nabis.com.

About Nabis

Nabis is the #1 licensed cannabis wholesaling platform in California, supporting over 250 exclusive brands and supplying the entire network of state-licensed dispensaries with top-tier products. Nabis offers clients lightning-fast fulfillment, warehousing, payment processing, financing, data analytics, sales and marketing services to enable more brands and retailers to innovate, launch and scale. Founded in 2018 by serial tech entrepreneurs Vince C. Ning and Jun S. Lee, Nabis is fueled by cutting-edge technology designed to support cannabis wholesaling between brands and retailers. Nabis works directly with its partners to streamline the regulated cannabis wholesaling process by leveraging actionable, industry-leading sales data and insights to help brands and retailers scale strategically. Learn more: nabis.com

Contacts

Molly Sposato

Grasslands: A Journalism-Minded Agency

molly@mygrasslands.com
207-332-6121

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