Cannabis Market Size, Forecast to 2027 - COVID-19 Impact and Global Analysis By Aphria, Aurora Cannabis, Cannabis Science, Medical Marijuana, VIVO Cannabis, Tikun Olam, Tilray, The Cronos Group

The Cannabis Market is expected to reach US$ 147,457.4 million by2027 from US$ 14,383.8 million in 2019; it is estimated to grow at a CAGR of 29.1% from 2020 to 2027.

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Key Market Competitors: Global Cannabis Market:
• Aphria, Inc.
• Aurora Cannabis
• Cannabis Science, INC
• Canopy Growth Corporation
• Medical Marijuana, Inc
• VIVO Cannabis Inc.,
• Tikun Olam,
• Terra Tech Corp.,
• Tilray
• The Cronos Group

Cannabis is commercially available in forms such as marijuana, hashish, and Hash oil. A few species of cannabis are used to produce hemp fiber for use in paper, textiles, and clothing. Cannabis has been in use for medical purposes for many years. Recent studies show that cannabis may be useful in treating conditions such as nausea and vomiting, particularly when associated with chemotherapy, glaucoma, epilepsy, and asthma.The growing legalization of medical cannabis; increasing medicinal application of cannabis;and rising awareness regarding medical cannabis through conferences, symposia, and workshops are the major factors propelling the demand for cannabis. However, the stringent regulatory framework for the use of cannabisis market restrains the growth.

The Cannabis Market is anticipated to grow with a significant rate in the coming years, owing to factors such as increasing ageing population, rising prevalence of chronic diseases, up surge in healthcare costs, and developments in technology. Moreover, increase of big multi-service ambulatory care centers and growth in healthcare investments offer growth opportunities in the Cannabis Market.

The “Global Cannabis Market Analysis to 2027” is a specialized and in-depth study of the medical devices industry with a focus on the global Cannabis Market trend. The report aims to provide an overview of global Cannabis Market with detailed market segmentation by type, specialty, surgery, and geography. The global Cannabis Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the Cannabis Market.

Reasons to Purchase this Report:
1. Current and future of Cannabis Market outlook in the developed and emerging markets
2. The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
3. Regions/Countries that are expected to witness the fastest growth rates during the forecast period
4. The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:
1. All segmentation provided above in this report is represented at country level
2. All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

To comprehend Global Cannabis Market dynamics in the world mainly, the worldwide Cannabis Market is analyzed across major global regions.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: UK, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

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This release was published on openPR.