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Cannabis light is becoming increasingly popular as an alternative to other recreational drugs, with many countries across the world legalizing it. As such, it is becoming an important commodity in the global market and understanding the pricing trends is essential for businesses looking to invest in cannabis light in 2022. This article will discuss the cannabis light price per kg in 2022 and analyze the market size and trends for the same.
2022 Cannabis Light Price Forecast
The cannabis light market is expected to witness healthy growth in 2022. The average retail price per kg for cannabis light is estimated to be between $800 and $1,200. This will depend on the country in question and the quality of the product. Furthermore, some countries may have higher or lower prices, depending on taxes and other factors.
The prices of cannabis light are likely to fluctuate over the course of the year, depending on the demand and supply dynamics of the global market. The prices are expected to rise in the first quarter and then stabilize later in the year.
Market Size and Trends Analysis
The global cannabis light market is forecasted to reach a value of $23 billion by 2022, driven by the increasing demand for the drug and its rising legalization across the globe. The market is expected to be dominated by North America, closely followed by Europe and the Asia Pacific region.
In terms of trends, the market is expected to benefit from the increasing popularity of cannabis light products such as edibles, beverages, and concentrates. Furthermore, the increasing focus on research and development of cannabis-based medicines and the use of cannabis light for medical purposes will also drive the growth of the market.
In conclusion, the cannabis light market is expected to experience healthy growth in 2022, with an estimated price of between $800 and $1,200 per kg. The market size is forecasted to reach $23 billion by 2022, driven by rising demand and legalization of cannabis light products. Finally, there will be a shift towards more R&D of cannabis-based medicines and their use for medicinal purposes, which will also fuel the growth of the market.