North America Cannabis Market By Size, Share, Trends, Demand with Global Leading Players include Canadian Cannabis Corporation, Cannavest, Affinor Growers.

Detailed Geographical Analysis:

Cannabis market in North America was over USD 3.5 billion in 2015. This industry was mainly operating in the black market; however with developments in the medical applications of the derivatives such as marijuana and hemp this market experienced significant growth over the past few years. Presently, the cannabis market is not a bare collaboration of the growers or producers of marijuana and hemp; it is rather a conglomerate of science and technology. The U.S. being the largest market in the region was valued over USD 3 billion and is anticipated to grow at a CAGR over 30% between 2016 and 2021.

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Major Players:

Cannavest,
Canadian Cannabis Corporation,
Tweed Marijuana Inc,
Affinor Growers.,
Plandai Biotechnology.,
Cannabis Sativa Inc

Current Industry Updates:

Jan 2018 Tokyo Smoke merged with DOJA Cannabis Company Ltd., a Kelowna B.C.-based licensed producer, to create a new company, Hiku Brands Company Ltd., which was listed on the Canadian Securities Exchange recently. Tokyo Smoke of TS Brandco Holdings Inc had been attempting previously to manoeuvre into carefully cultivating a cannabis-centered lifestyle brand leading up to recreational legalization in the country.

Jan 2018 Canopy Ventures, the new investment arm of a Boulder-based cannabis accelerator is raising a new pool of cash to help early stage companies that have survived their startup pains grow to the next level. They are launching a $50 million venture fund that will focus on tech-based cannabis companies. The accelerator, since inception in 2015, has invested seed-stage capital in 73 companies, several of which have gone through its accelerator program. This new fund will help finance more mature, so-called growth stage companies.

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Market Synopsis:

The cannabis market has shown rapid growth in the past few years owing to rapid demand increase for cannabis and related products. Market Research Future, who specializes in market reports related to the consumer and retail sector among others, recently published a report on this market. Expansion of the North America cannabis market is estimated with a CAGR of 33% in forecast period from 2016 to 2021.

Market Segments:

On the basis of Derivatives: Industrial Hemp and Marijuana/Flowers, Other Concentrates/Products which include Keif, Hash, Hash Oil Etc.

On the basis of Applications type: On the basis of applications the market is segmented into applications of marijuana into medicinal applications, recreational applications and others and applications of hemp into food and baby care, clothing & textile among others

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This release was published on openPR.