Cannabis Market 2020 Will Emerge Globally And Grow With High CAGR by 2026 | 30.5% CAGR | Coronavirus-COVID19 Impact Analysis

The Global Cannabis Market was valued at USD 10.4 billion in 2018 and is expected to reach USD 41.9 billion in 2026, growing at a CAGR of 30.5% by 2027.
The ripple effect of Coronavirus-COVID19 on the Cannabis Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Cannabis Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.

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Cannabis is related to a whole, unprocessed marijuana plant extracts for the therapy for several illnesses and other associated symptoms. The development of the cannabis industry is driven mainly by the medicinal use and the growing legalization of cannabis are main factors driving the development of this market.

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Market Segmentation:
Following Top Key players are profiled in this Market Study:
Canopy Growth Corporation, Aurora Cannabis Inc., Tikun Olam, Cannabis Science Inc., Aphria Inc., Maricann Group Inc., Tilray Inc., VIVO Cannabis Inc., Medical Marijuana, Inc., STENOCARE, Cronos Group Inc., and among others

By End-use Industry: Recreational, Medicinal

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Based on Product type, concentrates segment expected to dominate the market throughout the forecast period.
The global Cannabis market has been segmented flower and concentrates. The concentrates segment is growing rapidly in the Cannabis market with the highest CAGR of 26.9% in the forecast period.

This is due to their accessibility and their versatility in the delivery technique, such as ingestible oils, dabbing, and tinctures Apart from ingestion, concentrate can also produce cleaner, smoother and less rancid fragrances than flowers. In addition, the concentration is stronger in nature than the flowers
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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa

Based on regions:
North America accounted for almost 49% of the worldwide market for cannabis in 2018 and is supposed to dominate the market throughout the forecast period. Currently, 33 countries in the U.S. and the District of Colombia have legalized cannabis use in the U.S., making it the biggest market in the globe. In addition, the advent of the New York legal cannabis market will provide further growth possibilities for stakeholders in the nation. The presence of large client base and legalization marijuana in the U.S. and Canada is expected to increase demand for cannabis-based products from North America.

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