Cannabis Cultivation Market 2020 | Size, Growth, Demand, Opportunities & Forecast To 2027 | Aphria, Aurora Cannabis, Maricann, Tilray

The wave behind the commercialization of cannabis cultivation largely pivots on the legalization of recreational cannabis, most notably within the U.S. and Canada. Producers of commercial-scale cannabis are enamored by the groundswell of interest that legalized medical marijuana has made among consumers. In numerous parts of the U.S. and Canada, producers have forked out large sums on getting cultivation licenses. Cultivators during a few developed regions are investing colossally in greenhouse farming methods for cannabis cultivation. The exorbitant large return on investment is actually what drives their interest in cannabis cultivation.

The global cannabis cultivation market is estimated to be valued at US$ 31,181.09 million in 2020 and is expected to exhibit a CAGR of 18.2% during the forecast period (2020-2027). The legalization of cannabis in various countries is expected to boost market growth during the forecast period. For instance, according to an article published by the United States Drug Enforcement Agency (DEA) in November 2020, 35 U.S. states and the District of Columbia have legalized marijuana for medical use, out of which 15 allow adults to legally use the drug for recreational use as of November 2020.

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Global Cannabis Cultivation Market: Trends and Opportunities

Several states of America have witnessed a rapid increase in the number of cultivation permits. a number of huge purported medicinal benefits of marijuana drives the interest of companies in cannabis cultivation, the world over. a number of the therapeutic areas where cannabis cultivation holds great promise are within the treatment of pain and inflammation, in controlling epileptic seizures, and in managing mental illnesses. CBD, a key cannabinoid obtained from the marijuana plant, has been utilized in FDA-approved medications. Coupled with this, the colossal interest of researchers within the science behind the cannabinoid chemicals is additionally helping to propel opportunities within the cannabis cultivation market. variety of public health research institutes, like within the U.S., are exploring this space. this is often evident within the growing numbers of animal studies on the clinical role of marijuana extracts in treating cancer and a number of diseases.
By Key Players: Aphria, Aurora Cannabis, Maricann, Tilray, GW Pharmaceuticals, Tikun Olam, Cannabis Sativa, Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Tilray, The Cronos Group, Organigram Holding, Inc., Better Holdings, Pacific Cannabis Growers, Atlas Growers, CannTrust Holdings, The Hydropothecary Corp.

The report on the worldwide cannabis cultivation market provides an in-depth insight into various trends that will spur interest among growers. The study also highlights how zealous commercial growers are benefitting from advances in plant science and analytical chemistry that has been utilized in hemp production.
The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
By Type

- Crude Product - Fashioning

By End-User / Application

- Medical - Legal Edible - Others

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Key questions answered in the report:

What is the growth potential of the Cannabis Cultivation market?
Which regional market will emerge as a frontrunner in the coming years?
What are the growth opportunities that may emerge in the Cannabis Cultivation industry in the years to come?
What are the key challenges that the global Cannabis Cultivation market may face in the future?
What will be the global market size over the coming future?
What are the different effective business strategies followed by global companies?
In conclusion, the Cannabis Cultivation Market report is a reliable source for accessing the research data that is projected to exponentially accelerate your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis is also incorporated in the report along with speculation attainability investigation and venture return investigation.

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