Marijuana Market 2017 Research Report States Current Status and Growth Prospects of the Industry

Global Marijuana Market is estimated as USD 11.92 billion in 2017 and expected to reach 180.32 billion by 2026 at healthy CAGR of 35.23%. United States at the retail level to soar by roughly 30% and rec sales are expected to surpass medical this year for the first time ever. Medical marijuana sales also are expected to buoy the industry, fueled in part by the expected launch of MMJ markets in Maryland and Hawaii. At the same time, fledging medical marijuana programs in states such as Illinois, Nevada and New York could post impressive growth in recent years.

Cannabis are commonly called as Marijuana, which is a flowering herb. It has psychoactive and physiological effects when inhaled or ingested. Marijuana offer treating symptoms of illness and other medical conditions with use of extract of Marijuana plant or complete unprocessed Marijuana plant. The awareness of benefits associated with Marijuana is growing among medical professionals and medical research associations.The potency and THC level of same plant may not be always consistent and hence across the plants with different cultivars. THC level of cannabis is highly dependent on the way plant has grown. Marijuana, hash or hashish are the preparations produce by the Cannabis sativa species of the Cannabis plant category. Sinsemilla is the unfertilized flowering tops of female plant with high level of THC.

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Marijuana will soon become a commodity crop like the corn industry which means a race to the bottom on the pricing is almost certain. Growers that won’t distinguish on brand will be forced to move cultivation to low cost markets across globe and export out. It is observed that recently various manufacturing companies planning to open or move cultivation to the likes of North Africa, Balkan States, and West-Indies etc. For ex, the Sri-Lankan government has taken the lead role with the launch of an official cannabis plantation to supply the US medical market and it will produce more than 25 tons a year under military protection.

On application side Medical cannabis has been a legal treatment option across globe for certain health conditions, including arthritis. The Arthritis Society is a leading advocate for research into the use of cannabis for medical purposes. One the most intriguing potential applications for Marijuana is cancer treatment. Marijuana may counter the side effects of chemotherapy, but oncologists globally are researching whether Marijuana plant can be used as sure medicine to treat cancer . Technological advancement leading to replace Rick Simpson Oil treatment for cancer which has been carried out with large pool of patients. According to study cannabinoids can be most effectively used against cancer if combined in a such manner that allows it to act synergistically with one-another.

Global Marijuana Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Marijuana Market:
• Canopy Growth Corporation
• GW Pharmaceuticals, PLC
• Marijuana, Inc.
• United Cannabis Corporation
• Cannabis Sativa, Inc.
• GreenGro Technologies
• Aurora Cannabis
• United Cannabis Corporation
• Cara Therapeutics.
• GBSciences, Inc.
• Lexaria Bioscience Corp.
• Aphria (Liberty Health Sciences)
• American Cannabis Company, Inc
• HAPA Medical Holding B.V.
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Global Marijuana Market: Product Type
• Medical
• Recreational
Global Marijuana Market: Application
• Chronic Pain
• Mental Disorders
• Cancer

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This release was published on openPR.