Marijuana Market Product Type, Application, Usage, and Industry is further estimated to grow at a CAGR of 22.91% from 2018 to reach USD 58.90 Billion by the year 2023
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The global marijuana market was valued at $ 17.18 billion in 2017. The global marijuana market is expected to grow at an average annual rate of 22.91% by 2018 and reach $ 589 billion by 2023. North America remained No. 1 in market share in 2017. It is also considered to be one of the fastest growing markets during the forecast period. At the national level, developed markets such as the US have a significant market share in 2017 and are expected to grow gradually over the next few years.
Top 10 Market Key Players:- Canopy Growth Corporation (Canada), Medical Marijuana, Inc. (U.S), GW Pharmaceuticals, plc (U.K), United Cannabis (U.S), Cannabis Sativa, Inc. (U.S), GreenGro Technologies (U.S), Aurora Cannabis (Canada), CannaGrow Holdings, Inc. (U.S), Cara Therapeutics (U.S), GBSciences, Inc. (U.S), Lexaria Bioscience Corp. (Canada), Aphria (Liberty Health Sciences) (Canada), are some of the key players in the Marijuana Market with Canopy Growth Corporation holding the significant market share because of its better global presence both at production and at an operational level. Rising research and development expenses to address the changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
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Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –
• Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
• Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
• To avoid bias, we filter the collected data collected from authenticated sources.
• GMI has a well proven Statistical Modeling System for estimates and forecasts.
• Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
• Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Complete Report is Available @ https://genesismarketinsights.com/viewreport/189/22/Marijuana-Market
Major points from Table of Contents for Global Marijuana Industry 2018 Market Research Report include:
1 Marijuana Market Overview
2 Global Marijuana Market Competition by Manufacturers
3 Global Marijuana Capacity, Production, Revenue (Value) by Region (2018-2015)
4 Global Marijuana Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Marijuana Production, Revenue (Value), Price Trend by Type
6 Global Marijuana Market Analysis by Application
7 Global Marijuana Manufacturers Profiles/Analysis
8 Marijuana Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Marijuana Market Forecast (2018-2025)
13 Research Findings and Conclusion
Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making. Genesis provides strategic plan for project execution and any operational support to help them grow their revenues. Company have faith on us to find new revenue streams, and minimizing market risks. We have accomplished our proficiency by being present in the world's 130+ most promising markets for over 20 years.
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