By 2027, Cannabis Market is reaching 34.5% of CAGR Lead by Aurora Cannabis, Cannabis Science, Canopy Growth Corporation, Medical Marijuana, VIVO Cannabis
The report covers the present scenario and the growth prospects of the Cannabis market. To calculate the market size, the report considers the revenue generated from Cannabis.
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The key factors such as legalization of medical cannabis, increasing awareness of medical cannabis through conferences, symposia, and workshops, and growing medicinal application of cannabis boosting the market over the years. The North America region is the fastest growing market among the all regions and is expected to grow with CAGR of 35.3%. This market is expected to reach to US$ 67,915.6 in 2027 from US$ 4,518.7 Mn in 2018. The growth in North America is characterized by increase in the approval of cannabis medicinal products. Moreover, increasing number of companies offering medicinal cannabis, growing medicinal applications of cannabis and increasing key factors contributing to the growth of cannabis market.
The information provided in the report is a perfect blend of market data as it provides the market value of the Cannabis market for the 2018 year as well as an accurate market forecast for the period 2018-2027. The report is suitable for making an accurate business development plan for the Cannabis market space for the new entrants as well as present industry players.
The medicinal and recreational cannabis industries are growing at rapid pace, and is expected to witness tremendous growth by 2025. Growing acceptance of cannabis is driving the industry and is accelerating growth in drug development and medicine as well as regulatory guidance. The cannabis industry is witnessing rapid growth owing to higher sales. The cannabis consumer demographic is growing ever more diverse. The average cannabis consumer is now middle-aged, with more women and seniors consuming weed in its various forms. This means that the market is growing and demand within the market is shifting to alternative products. Also different cannabis products are gaining importance and are achieving a substantial market share
Reasons to buy Cannabis Market Report:
• To gain complete analyses of the Cannabis Market
• Industry and have a comprehensive understanding of the global market and its commercial Landscape.
• Assess the production processes, major issues and their solutions.
• Market Strategies that are being adopted by the key players in the Cannabis industry.
• The Report gives a detailed analysis of rapidly changing factors in the Cannabis industry.
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The report offers thorough and up-to-date statistical analysis on global Cannabis market. Various factors like import-export details, sales, regional presence, manufacturer analysis, latest trends, and competitive structure is presented in Cannabis report. Crucial information like Cannabis chain structure, upstream and downstream buyers, market volume and sales revenue is described.
The market competition, SWOT analysis of top players, and gross margin analysis are presented in this report. Top regions covered in this report include North America, Europe, China, Japan, the Middle East & Africa, India and South America. Feasibility study depicts the industry barriers, SWOT analysis, analyst views, and new project feasibility.
Key questions answered in this report
• What will the market size be in 2027 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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