The home-growing cannabis industry is undergoing a significant transformation, primarily due to the popularity of autoflowering strains, which offer faster harvests and higher THC levels. This shift is contributing to the overall growth of the global cannabis market, expected to reach $58 billion by 2028, led by North America and an emerging European market. In particular, the cannabis seed market in the U.S. is projected to expand dramatically, demonstrating the increased consumer preference for cultivating cannabis at home.
The rise of autoflowering cannabis strains is transforming home-growing, offering faster harvests, easier cultivation, and higher THC potency, thereby fueling market expansion.
The global cannabis market is on track to reach $58 billion by 2028, with North America leading and Europe emerging as a vital growth player.
In the U.S., the cannabis seed market is projected to hit $2.02 billion by 2030, reflecting significant growth due to demand from home cultivators.
Germany's potential for recreational cannabis legalization could catalyze growth throughout the EU, while the European cannabis market shows a projected CAGR of 15%.
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