Cannabis Market Analysis Report: Canopy Growth Corporation Aurora Cannabis Inc., Medmen, Terra Tech Corp., Aphria Inc, Vivo Cannabis Inc., Chronos Group

Cannabis market is expected to rise from its initial estimated value of USD 13.4 million in 2018 to an estimated value of USD 110.7 million by 2026, registering a CAGR of 32.2% during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of plant protein amid rising amount of health concerns and veganism worldwide.

The cannabis industry is composed of legal cultivators and producers, consumers, independent industrial standards bodies, ancillary products and services, regulators and researchers concerning cannabis and its industrial derivative, hemp. The cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the legal market has emerged rapidly as more governments legalize medical and adult use. Uruguay became the first country to legalize recreational marijuana through legislation in December, 2013 Cannabis in Uruguay. Canada became the first country to legalize private sales of recreational marijuana with Bill C-45 in 2018 Cannabis in Canada. Recently, Coca-Cola has shown interest in producing cannabis infused drinks.

Legal marijuana has started gaining traction worldwide due to very high demand among consumers and increasing legalization of recreational or medical marijuana in various countries. Additionally, high public and private investment for research and the development of safer forms of ingesting marijuana such as tinctures, oils, vapes and other edibles are expected to positively reinforce market growth. The number of conditions treated using medical marijuana is growing rapidly, as new patients are added to the market, the demand for medical marijuana is expected to increase multiple folds over the forecast period. Countries like Canada and the U.S. are moving towards legalization of marijuana for recreational purposes, this in turn is expected to create a shift form medical to recreational marijuana. Lengthy purchase and approval process for medical marijuana prescription and ease of availability of recreational marijuana is expected to trigger this this change.

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Global cannabis market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cannabis market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Competitors:
Canopy Growth Corporation Aurora Cannabis Inc., Medmen, Terra Tech Corp., Aphria Inc., Vivo Cannabis Inc., Chronos Group Inc., Medical Marijuana, Inc., Stenocare, Tikun Olam, Organigrams Holding Inc., Cannabis Science Inc., Maricann Group Inc., Tilray Inc, Hexo, Scotts Miracle-Gro Co., GW Pharmaceuticals PLC,, MedReLeaf Corp., Insys Therapeutics Inc., CanniMed Therapeutics Inc., Cara Therapeutics Inc

Market Drivers:
• Growing medicinal application of cannabis
• Increasing legalization of cannabis

Market Restraints:
• Complex regulatory structure for the usage of cannabis

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Cannabis Market Segmentation:
• By Product Type
o Flower
o Concentrates
o Others
• By Application
o Medical
o Recreational
• By Compound
o Tetrahydrocannabinol (THC)-Dominant
o Cannabidiol (CBD)-Dominant
o Balanced THC & CBD
• By Geography
o North America
 U.S.
 Canada
 Mexico
o South America
 Brazil
 Argentina
 Rest of South America
o Europe
 Germany
 France
 United Kingdom
 Italy
 Spain
 Russia
…And More GET DETAILED TOC AT https://databridgemarketresearch.com/toc/?dbmr=global-cannabis-market

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