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Cannabis Market Insights, Growth, Demand, Competitive Landscape and Global Industry Analysis by Top Key Vendors Aurora Cannabis, Cannabis Science, VIVO Cannabis, Medical Marijuana
Cannabis Market
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Some of the prominent players Influencing the cannabis market are Aphria, Inc., Aurora Cannabis, Cannabis Science, Inc., Canopy Growth Corporation, Medical Marijuana, Inc., VIVO Cannabis Inc., Tikun Olam Ltd, Terra Tech Corp., Tilray, and Cronos Group, among others.
The market players are focused on bringing new and innovative products and services through various organic strategies such as product launches and expansions to sustain their position in the market. Recently in August 2019, VIVO Cannabis' wholly-owned subsidiary, ABcann Medicinals Inc., has been granted a Standard Cultivation licence from Health Canada for its Kimmetts facility in Napanee, Ontario.
The main force for growth in demand of cannabis is because of the use of cannabis in pesticides in Europe. Growing number of cannabis testing laboratories have fuelled the demand for cannabis in the Europe region. There has been significant rise in investments in cannabis testing labs and recent law changes which have led to acceptance of marijuana and cannabis. Thus, due to growing legalization of cannabis, the cannabis testing market is expected to grow at rapid pace.
Cannabis Market: SEGMENTATION
By Product Type
o Flowers
o Concentrates
o Others
By Application
o Medical
o Pain Management
o Neurological Health Management
o Mental Health Management
o Others
o Recreational
By Compound
o Tetrahydrocannabinol (THC)-Dominant
o Cannabidiol (CBD)-Dominant
o Balanced THC and CBD
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Legalization of medical cannabis is expected to be responsible for the growth of global cannabis market.
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