The "Hemp-Based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets website's offering.

The global hemp-based food market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

When Tilray reported its fiscal Q1 three months ago, CEO Irwin Simon described the company’s market-share in Canada as 16%. The company has shared an objective to reach 30% share by 2024 through organic and non-organic means, which it suggests will yield $1 billion in revenue. Tomorrow, when the company reports its fiscal Q2, it is very likely to reveal that it lost market share over the past three months. Hifyre’s point of sales data suggests that the combined share of Tilray and Aphria eroded steadily throughout 2021:

CannTrust Holdings Inc., the troubled Canadian cannabis producer whose former executives have been charged with fraud, is preparing to wind down if it can’t find a way to fix a default by the end of the month. The Vaughan, Ontario-based company breached a minimum earnings covenant on its C$22.5 million ($17.7 million) bankruptcy loan, and is currently in negotiations with potential investors and strategic partners over ways to address the default and its liquidity shortfall, according to a Thursday statement.

Week in Weed: List of most trusted brands, MJBiz's million-dollar acquisition, and stories that went viral

Weekend Dispensary by TGO’s Sam Riche s was launched on January 16 last year. A weekly newsletter,  WD is dedicated to newsmakers and trendsetters in the recreational cannabis and psychedelics space — like this cannabis advocacy group partnering with  one of Canada’s leading HIV/AIDS centers ; and this former NFL linebacker  who became a leading cannabis physician for athletes.

As of Dec. 29, 41 editions of the newsletter have been sent out. Riches rounds up the  top five stories of 2021.  

Although Canadian cannabis stocks were under considerable pressure in 2021, the size of the market continues to grow and this is a trend that we are closely following. According to Statista Canada, the recreational cannabis market is expected to be a $5.9 billion market in 2022. By 2026, the firm expects Canada’s recreational cannabis market to be an C$8.6 billion market which implies more than 100% growth since 2021.  (Click here to view entire article)

Backed by Howard Schultz, Kevin Durant and Snoop Dogg, Ross Lipson’s e-commerce platform claims more than 40% of the market and doubled its valuation last year to reach $3.8 billion. But as legalization spreads, its business could go up in smoke.

A few years ago, Israel overtook Germany as the world’s largest cannabis importer and this is a market that we have been bullish on. 

A core pillar of our bullish view on Israel’s cannabis market is related to how the climate is ideal for cultivating cannabis. When compared to Canada or the United States (US), the cost to cultivate a gram of cannabis is much lower in Israel. As a result, the economics that are associated with cultivating cannabis are much more attractive in Israel and our readers should be aware of this. (Click here to view original article.)

The global cannabis boom is just getting started. In fact, according to Prohibition Partners, global sales of CBD, medical, and recreational cannabis sales topped $37.4 billion in 2021, and could be on course to see $102 billion in sales by 2026. “Adult-use markets in the US and Canada remain the most important regions in the world for cannabis sales, but international markets including Germany, Israel and Australia will develop considerably over the next five years,” they noted. “As of late 2021 only Uruguay, Canada and a handful of states in the US have fully legalized cannabis for adult-use, but these will be joined by several international markets soon.

“As CBD becomes more mainstream and common, the ultimate goal for RealTestedCBD.com is to educate everyone about CBD and squash myths."

A U.S. company that helps consumers better understand CBD by comparing various related products claims it has become the first organization to air a CBD commercial on major television networks.