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Stock impact report

Industrial Hemp Market Set to Surge: Global Valuation to Hit $25.7 Billion by 2034 [Yahoo! Finance]

Canopy Growth Corporation - Common Shares (CGC) 
Company Research Source: Yahoo! Finance
Rockville, March 05, 2025 (GLOBE NEWSWIRE) -- Based on a new research report by Fact.MR, worldwide sales of industrial hemp are estimated to reach US$ 25.7 billion by 2034. The market is analyzed to further expand at a CAGR of from 2024 to 2034. Demand for industrial hemp is skyrocketing as more and more industries recognize its versatile and sustainable properties. Once overlooked, this remarkable crop is now being embraced for its myriad uses across various sectors. From textiles and construction materials to biofuels and nutritional supplements, hemp's applications are seemingly endless. Environmentally conscious consumers are driving much of this demand, as hemp requires minimal pesticides and herbicides, making it an eco-friendly choice for sustainable farming. Its ability to sequester carbon dioxide and remediate contaminated soil further adds to its appeal. Moreover, hemp's durability, lightweight nature, and renewable qualities make it an attractive alternative to traditi Show less Read more
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