Cannabis Market Future Trends, Share, Growth Rate 2020-2029 | CannTrust Holdings, Canopy Growth Corporation, Cardiol Therapeutics Inc., CHARLOTTE'S WEB., Copperstate Farms

The Cannabis Market is highly dependent on the top players and brands this report provides with detailed company profiles of those Cannabis Market players and brands and showing what their moves are when it comes to developments, product launches, joint ventures, merges and accusations, all the while also providing with figures for the forecast years of 2020-2029

Cannabis Market is expected to rise by registering a healthy CAGR 29.35% in the forecast period of 2020-2029. The legalization of cannabis and the medical use of cannabis are the main drivers in the market's growth in the forecasted period.

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Cannabis Market Definition: Cannabis is a drug extracted from the cannabis family. It should smoke or chew. Cannabis consumption induces a slight sense of euphoria, impaired judgment and excessive sensitivity. Although leisure marijuana use in some parts of the world and in many US states remains illegal, it seems that there is some possibility for medicinal use, particularly as a palliative for glaucoma and appetite and waste related conditions, as diabetes, AIDS and other diseases sometimes indicate. Cannabis means a group of three plants known as Cannabis Sativa, Cannabis Indica and Cannabis Ruderalis with psychoactive properties.

Few of the major competitors currently working in Cannabis Market are Lexaria Bioscience, Aphria Inc., Aurora Cannabis, Avicanna Inc., Axim Biotechnologies, BOTANIX PHARMACEUTICALS, Gaia Botanicals, LLC, C4 Laboratories, Cannabis Science Inc, CannTrust Holdings, Canopy Growth Corporation, Cardiol Therapeutics Inc., CHARLOTTE'S WEB., Copperstate Farms, LLC, Corbus Pharmaceuticals Holdings, Inc., The Cronos Group, CV Sciences, Inc., Ecofibre Limited, Elixinol Global Limited, Emerald Health Therapeutics, and many others.

Cannabis Market has been segmented on the basis of product type, application, compound, distribution channel.
Cannabis Market
Based on product type, the Cannabis Market has been segmented into Flower, Concentrates, Others.
Cannabis Market
Based on applications, the cannabis market has been classified into medical, recreational.

Based on compound, the cannabis market has been segmented into THC-dominant, CBD-dominant, balanced THC & CBD.

Based on distributed channel the cannabis market has been segmented into physical, digital, others

Country Level Analysis of Cannabis Market

On the basis of region, the Cannabis Market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.

Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region.

The North American market for cannabis is estimated to account for the largest market share. The US and Canadian economies drive the market primarily in the area. The demand for marijuana in this area is influenced also by the growing legalization of cannabis for medicinal and recreational uses in North America and by rising consumer awareness of the health benefits of cannabis. The presence of major cannabis giants such as Canopy Growth Corporation, Aurora Cannabis Inc., and Medical Marijuana Inc., continuously investing and collaborating in the development of new products that satisfy consumer demand, is also contributing to the cannabis market.
Cannabis Market

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while provided forecast analysis of the country data.

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o In December 2019, MediPharm Labs Corp. has announced its subsidiary MediPharm Labs Australia Pty. Ltd. has obtained State Licenses for Marijuana Substances from the Department of Health and Human Services in Victoria, Australia, and has finished the initial phases of development of its advanced processing plant in Wonthaggi. The MediPharm Labs Australia through store, check and provide marijuana for the purpose of testing for its newly established laboratory under these State licenses. Construction began 18 months ago on the 10,000 square foot plant. The final phase of regulatory approvals is now under way, and is expected to occur in H1 2020, rendering it the first mover in the Australian market for marijuana products MediPharm Labs Australia

o In April 2019, Aphria Inc. has launched a new product on the cannabis market, the CBD-based nutraceutical and CBD-based cosmetics line, especially for the German market. The product was launched by the company's CannRelief brand, which is popular in the German market and can help the company increase its market share globally.

Some of the Major Highlights of TOC covers: Cannabis Market

Chapter 1: Cannabis Market Methodology & Scope

Cannabis Market Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Cannabis Market Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Cannabis Market Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Cannabis Market, By Region

Chapter 5: Company Profile

Cannabis Market Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

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