TOP Cannabis Trends 2023
At the end of each year, new statistics and predictions emerge for the upcoming year. This is no different in the hemp industry, which is variable, progressive, and brings many innovations. To start, we'll reveal that an increased market growth, higher sales of hemp products, and an increase in overall education and orientation in hemp plants are expected, which we consider a truly fundamental and important trend.
Current Hemp Statistics and Growth Forecast for 2023
No future prediction can be made without considering the current situation. The hemp industry is gaining momentum, and interest continues to grow. Current statistics tell us that:
- In the last year, the value of hemp companies increased by approximately 45%
- Nearly 10% of customers spend more than 100 dollars on each hemp purchase
- Dried hemp flowers are now purchased by about 80% of customers
- 76% of physicians support medical marijuana abroad
- Hemp foods make up 13% of every hemp purchase
- The hemp industry is estimated to grow by 21% each year
The most evident increase in the hemp industry is the statistic showing that the number of people who have tried hemp or its products has risen by an incredible 140%. People are most interested in hemp seeds, CBD oils, or hemp foods.
Hemp trends are progressing worldwide
Cannabis Trends in 2023
More Hemp Products on the Market
Next year will again trend in bringing newly bred hemp varieties to the market. New strains will be created that were previously unavailable. The food market with hemp products will not lag behind, as according to manufacturers' statements, we can expect an expansion of food and beverage range next year. A carbonated Coca-Cola drink with CBD hemp, combining the effects of cola and cannabidiol, is expected to be available.
New Cannabinoids THCV and CBC
Progress will continue in the research area. Scientists began to study CBG and CBN cannabinoids more deeply this year. Next year, they are to focus more on the completely unknown THCV and CBC. THCV is currently characterized as a psychoactive cannabinoid with entirely different effects from classic THC. It differs in that it has shorter but more intense effects, and instead of increasing appetite, it suppresses it. CBC is the opposite of THCV. This means it lacks psychoactivity and is present in hemp in relatively larger quantities, which is excellent for producing CBC products.
Increased Hemp Sales
Increased legalization of hemp automatically implies a sales increase. According to the latest information, hemp is fully legal in 10 states, and hemp sales have so far been around 400 million dollars according to foreign sources. This indicates a sharp increase in this sector.
More Doctors Will Recommend Medical Cannabis
At the current research stage, researchers are not only examining compounds present in hemp but are also focused on synthesizing new compounds based on natural cannabinoids. Scientists claim that such created compounds may have an even stronger protective effect. This will also be one of the reasons why recommendations for medical marijuana treatment will increase.
Next year, more doctors should support the use of medical marijuana
In Conclusion: Hemp Events Will Be the Trend of 2023
Although we would like to maintain the hemp market's full potential, we must recognize that it is also a business and money sector. We can view this from the perspective of organizing hemp events, which primarily involve good investment and solid profit. Global companies that are not afraid of risk and regularly participate in hemp festivals, trade shows, and cultivation events are Canopy Growth, Cronos Group, and Origin House.
As we can see, planned hemp trends concern all its areas, including research, sales, cultivation, and events. If you want to stay "in" and be informed about what is currently preferred in the hemp area, regularly read our blog. We guarantee you won't miss anything.