New Frontier Data’s 2023 US Cannabis Report analyzes the American cannabis industry, highlighting state-level legalization and financial forecasts. The industry could reach $71 billion by 2030, driven by factors like new revenue streams and increased demand. Regulatory structures heavily influence market growth in states with both medical and adult-use programs.
Hemp (Cannabis with THC<0.3%) has a large variety of applications ranging from textile to building material. Did you know that hemp fibers are one of the strongest natural fibers? They are also sustainable and versatile! Harvested via a process called “retting”, they can have a high flexibility or be very stiff depending on the organization of the layers inside the fibers. Hemp fibers are very durable, breathable, hypoallergenic and able to absorb moisture. Some applications of hemp fibers include paper production, concrete-like material (hempcrete), textiles such as towels and clothes and insulation material. Cultivation of hemp is very sustainable because of the natural resistance of hemp to mold and other pests. Other parts of hemp also have many applications. Hemp oil can be used for cooking but also for biofuel production! Hemp seeds instead can be eaten raw or cooked and are rich in nutrients. Overall, hemp is a multi-purpose plant with a versatile use in industry, and we are recently rediscovering most of its application!
Today, inhalation and in particular smoking, via a joint, blunt or bong for example, is the most common method of consuming cannabis in the western world. Inhalation of cannabis results in direct feedback (aka effect) to the consumer, allowing for easy self-regulation of the intensity of the experience (commonly known as ‘high’) and avoiding adverse effects (i.e., paranoia, dizziness, or anxiety). Inhalation is the preferred method of consumption when requiring or desiring a quasi-direct effect from cannabis. The effects of inhaling cannabis also don’t last very long, peaking within 30 minutes and decreasing following the hour.
The cannabis industry is growing rapidly with many farmers and growers seeking to increase their yields. To close the yield gap, it is necessary to provide a detailed knowledge base of existing cannabis strains and understand how genotype and production methods affect yield and cannabinoid content. Scientific research showed that environmental factors such as temperature, light intensity, light spectrum, light type, growing substrate, and fertilization play crucial roles in cannabis cultivation, affecting yield and cannabinoid content. Have you ever wondered how cannabis cultivation could be more efficient in terms of costs and sustainability, and how the yield gap could be closed? Don’t miss out, read our newsletter!