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Retail Stores Growing As Global Cannabis Sales Are Projected To Exceed $55 Billion by 2026


Retail Stores Growing As Global Cannabis Sales Are Projected To Exceed $55 Billion by 2026
Financialnewsmedia.com News Commentary
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PALM BEACH, Fla., May 6, 2021 /PRNewswire/  Retail cannabis sales in North America soared in 2020. The pandemic has virtually destroyed many businesses, big and small, over the last year, but there is a retail business that has flourished IN and BECAUSE of the healthcare crisis… Cannabis Dispensaries. In fact sales increased over 67% in 2020, so says an article in FlowHub. They said that analysts attribute this massive increase both to changing public perception, but also to the pandemic itself. More home-bound than ever, and with ongoing fear of shutdowns, people stocked up on cannabis to the tune of nearly $18 billion, said Leafly. Delivery and online ordering reigned supreme ....

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Full Spectrum Cannabis Extracts Market Expected To Remain Dominant for Next Few Years


Full Spectrum Cannabis Extracts Market Expected To Remain Dominant for Next Few Years
Financialnewsmedia.com News Commentary
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PALM BEACH, Fla., May 4, 2021 /PRNewswire/ Cannabis extracts have gained wide recognition in recent years and are expected to provide impetus to cannabis market growth. Based on product type, cannabis extracts are classified into oils and tinctures. The oils segment is expected to dominate the market in 2019 with a revenue of USD 4.8 billion and is anticipated to witness the fastest CAGR of 17.5%, over the forecast period. Cannabis is usually derived from Indian hemp plants, such as Cannabis sativa and Cannabis indica. The main active chemical in cannabis is THC. The extracts derived from cannabis concentrates are known as Cannabis Extract. Cannabis concentrates come in many forms, including oils, phoenix tears, shatter, wax, hash and even in vaporizers. They contain very high concentration of cannabino ....

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