Press release
Global Cannabis Market 2019 | Report Forecasting $110.7 Million Growth by 2026 | Canopy Growth Corporation Aurora Cannabis, Medmen, Terra Tech Corp, Aphria, Vivo Cannabis, Chronos Group, Medical Marijuana and others
Strategically analyzed facts and figures of the market and keen business insights covered in this cannabis report would be a key aspect in achieving enduring business growth. The report offers you steadfast knowledge and information of revolutionizing market landscape, what already exists in the market, future trends or what the market expects, the competitive environment, and strategies to plan to outshine the competitors. This cannabis market research report uncovers the general market conditions, trends, inclinations, key players, opportunities, geographical analysis and many other parameters that helps drive your business into right direction.
Market Analysis:
Medicinal 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.
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Key Competitors:
• Canopy Growth Corporation Aurora Cannabis
• Medmen
• Terra Tech Corp
• Aphria
• Vivo Cannabis
• Chronos Group
• Medical Marijuana
• Stenocare
• Tikun Olam
• Organigrams Holding
• Cannabis Science
• Maricann Group
• Tilray
• Hexo
• Scotts Miracle-Gro
• GW Pharmaceuticals PLC
• MedReLeaf
• Insys Therapeutics
• CanniMed Therapeutics
• Cara Therapeutics
Get Detailed TOC https://databridgemarketresearch.com/toc/?dbmr=global-cannabis-market
Market Drivers & Restraints:
• Growing medicinal application of cannabis
• Increasing legalization of cannabis
• Complex regulatory structure for the usage of cannabis
Segmentation:
Product Type
• Flower
• Concentrates
Application
• Medical
• Recreational
Compound
• Tetrahydrocannabinol (THC)-Dominant
• Cannabidiol (CBD)-Dominant
• Balanced THC & CBD
• and more
Key Developments in the Market:
• In December 2017, Health Canada provided licenses to two Quebec based cannabis production facilities.
• November 2017, Ohio Department of Commerce provided 12 provisional large-scale medical cannabis cultivation licenses.
Competitive Analysis:
Global Legal Marijuana 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.
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