Growing cannabis legalization for medical and recreational purpose is one of the major boosters of the cannabis market. This has led to increase in the production of cannabis over the last few years. For instance, according to the UN’s International Narcotics Control Board, in 2016, the U.K. cannabis production doubled to 95 tons, making it responsible for growing nearly half of the world’s legal cannabis. In 2017, it was responsible for 69% of the global exports, with the majority going directly to the U.S. Also, according to the Cannabis Trades Association, U.K., the number of cannabidiol consumers increased from 125,000 in 2017 to 250,000 in 2018. According to the Italian Ministry of Agricultural, the industrial hemp cultivated land has increased 10 folds, from 400 hectares in 2013 to almost 4,000 hectares in 2018.

Though there is growing cultivation of the cannabis crops, it also requires intense care and protection from aphids, fungus gnats, thrips, green flies, black flies, mosaic virus, spider mites, caterpillars, inchworms, whiteflies, white powdery mildew / white powdery mold, stem rot, and others. In order to control these pests, there are wide variety of chemical pesticides available which are very effective in controlling and reducing pest insect population. However, many of these chemical pesticides can be very toxic to humans and animals. There are potentially dangerous complications of chemical use on cannabis. As a result, in many of the cannabis producing countries, usage of chemical pesticides for cannabis crop protection is prohibited or restricted by the government and regulatory bodies. For instance, in the U.S., pesticide use in agriculture is regulated by the United States Environmental Protection Agency (EPA). As the federal government still considers cannabis an illegal drug, EPA does not consider approving the pesticides that can be used for the cannabis plant protection. Hence, it is huge challenge for the cannabis producers to testify the appropriate use of the crop protection pesticides to defend the quality of the yield produced. This serves an opportunity for the pesticides producing companies to develop a cannabis specific pesticide to deliver and market it through the extensive market sensitization.

Currently, only biopesticides are used for cannabis crop protection, and this opportunity is already being utilized by many biopesticides manufacturers in the states like Washington, California, and Oregon that has list of branded formulations. The market for biopesticides in the cannabis industry is estimated to be more than $1.5 billion in 2022 in California, Oregon, Washington, and Colorado, alone. Companies like Marrone Bio Innovations, Inc. are making noise in the market with various biopesticide brands such as Regalia, GrandevoCG, and Venerate, which are approved to be used on cannabis crops. As the legal cannabis industry keeps growing rapidly, the demand for products like Marrone's have also climbed sky high. The company is generating decent amount of revenue from their cannabis crop protection product line.

Furthermore, in other regions of the world, countries such as Argentina, Colombia, and Australia among others have legalized the consumption of cannabis. This is resulting in the growth of cannabis crop cultivation, providing enormous business opportunity for biopesticides manufacturers in the span of next 3 years. According to the latest publication from Meticulous Research®, the global legal cannabis market is expected to grow at a CAGR of 28.3% from 2019 to reach $75.6 billion by 2025. The legal cannabis market study, published by Meticulous Research®, can be accessed at:

https://www.meticulousresearch.com/product/legal-cannabis-market-5022/

Tags: Food & Agriculture Technologies Cannabis Crop Protection Legal Cannabis Market
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