Cannabis Market 2019 Analysis by Top Key Players are Aphria, Aurora Cannabis, Cannabis Science and Canopy Growth Corporation

Cannabis belongs to the cannabaceae family. Cannabis is also known with other names such as grass, pot, hash, weed, reefer, dope, herb, mull, buddha, ganja, joint, stick, buckets, cones, skunk, hydro, yarndi, smoke and hooch. Cannabis has long been used as vegetables and as juice, medicinal purposes and as a recreational drug. Cannabis is basically a drug that is obtained from Indian hemp plants named cannabis indica and cannabis sativa. There are different forms of cannabis available such as marijuana, hashish and Hash oil. Some species of cannabis are used to produce hemp fiber for use in paper, textiles and clothing. Cannabis is used for medical purposes for many years. Recent studies show that cannabis may be useful to help conditions such as nausea and vomiting, particularly when associated with chemotherapy, glaucoma, epilepsy and asthma.

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The List of Top Ten Companies:

1. Aphria Inc.
2. Aurora Cannabis
3. Cannabis Science Inc
4. Canopy Growth Corporation
5. Medical Marijuana, Inc.
6. MME, LLC.
7. STENOCARE A/S
8. Terra Tech Corp
9. Tikun Olam
10. VIVO Cannabis

The global cannabis market is segmented on the basis of product type, application and compound. Based on product type the global cannabis is divided into, flower, concentrates and others. Likewise, on the basis of application the market is categorized into, medical and recreational. The medical segment is further bifurcated into pain management, neurological health management, mental health management and others. On the basis of compound, the global cannabis market is segmented into Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant and Balanced THC & CBD.

Cannabis has started gaining popularity worldwide due to rising demand among consumers and increasing legalization of recreational or medical marijuana in various countries. The increasing number of companies operating in the cannabis market is expected to bolster the quantity and variety of products reaching the end users. Moreover, growing medicinal application of cannabis coupled with increasing legalization of cannabis are the key factors driving the cannabis market. However, a complex regulatory structure for the usage of cannabis is the factor anticipated to hamper the growth of the market over the projected period. Product development through research and novel product delivery solutions provides a developing potential for the market players in the near future.

The report analyzes factors affecting the cannabis market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the cannabis market in these regions.

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