The cannabis industry is increasingly becoming a competitive industry, with more and more countries around the world legalizing the use of marijuana in both a medical setting and recreational.
Most countries are now starting to ease the laws on the use of marijuana both medically and recreationally. This is after countries such as USA, Israel and Netherlands took the lead in legalizing marijuana in most states.
Some countries have decriminalized the use of recreational marijuana up to a certain amount. Other countries such as Italy, have even made recreational use for cannabis legal in small amounts but not for sale.
What is the Cannabis Industry Worth?
It is estimated that around 1.2 billion people worldwide suffer from some form of medical issue that can be treated with the use of cannabis. More and more countries making the use of marijuana for medical treatment legal will create a massive market for this industry.
According to a report published by Grand View Research, Inc., the medicinal marijuana market is set to reach USD 73.6 billion by the year 2027. By this time, the cannabis industry is expected to retrieve a turnover comparable to
It is estimated that the cannabis industry is in higher demand than industries who supply organic produce and paid music streaming services.
See below a list of countries who have legalized the use of marijuana medically and/or recreational.
|Country / Region||Recreational Use||Medical Use|
|Antigua and Barbuda||Decriminalized||Illegal|
|Belgium||Decriminalized (up to 3g)||Legal|
|Belize||Decriminalized (up to 10g)||Illegal|
|Bermuda||Decriminalized (up to 7g)||Legal|
|Colombia||Decriminalized (up to 22 g)||Legal|
|Czech Republic||Decriminalized (up to 10g)||Legal|
|Ecuador||Decriminalized (up to 10g)||Legal|
|Estonia||Decriminalized||Legal with permit|
|Finland||Illegal||Legal under license|
|Ghana||Illegal||Legal (for THC less than 0.3%)|
|Jamaica||Decriminalized (up to 2 oz)||Legal|
|Malta||Decriminalized (up to 3.5g)||Legal|
|St Vincent and the Grenadines||Decriminalized (up to 2oz)||Legal|
|Trinidad||Decriminalized (up to 30g)||Illegal|
|United States||Legal in 11 States Decriminalized in 16 States||Legalized in 33 States|
Cannabis waste is categorised as any waste that can not be sold or used in any way. This includes:
In the medicinal marijuana industry, mass growth of cannabis for health benefits can result in an increase in waste. Plastic packaging is used in dispensaries for storing and distributing different forms of medicinal cannabis.
Examples of waste produced by the medicinal marijuana industry may include:
Incineration is by far the most cost effective and efficient way of disposing of cannabis related waste.
Our range of medicinal marijuana incinerators allow for the safe destruction of any unused medicines and medicinal cannabis drugs to be destroyed on site, reducing the risk of the waste being stolen or tampered with in transit.
Our specialised cannabis waste incinerators ensure that cannabis by-products can be safely disposed of, reducing them to just 3% of their original volume as harmless ash.
For more information on our incinerators, please click here to visit our website.]]>