Press release
Cannabis Oil Market Technological Growth Map With an Impact-analysis 2021 – 2027: Select Oil, K.I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, The Lab, Absolute Terps
Cannabis Oil is from the marijuana plant (cannabis indicas). The oil is extracted from the leaves of the cannabis plant. It contains high levels of THC. It is used for medicinal purposes and as a recreational drug.Cannabis oil reached considerable popularity when a man in Canada named Rick Simpson began distributing this concentrate, albeit illegally, as a medicine. Rick's oil (commonly known as "Rick Simpson oil") brought the long-studied knowledge about the anti-tumor and various medicinal properties of cannabis to the mainstream.
Market Segment by Manufacturers, this report covers: Select Oil, K.I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, The Lab, Absolute Terps.
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Scope of the Report:
Global major cannabis oil production regions are the USA, Canada, and Europe. Canada is the largest production region, which produced 1071.6 kilo bottles in 2017, accounting for 52.66%. The USA is the second-largest production region, with the production of 778.9 kilo bottles in 2017.
The worldwide market for Cannabis Oil is expected to grow at a CAGR of roughly 55.5% over the next five years, will reach 1410 million US$ in 2027, from 100 million US$ in 2021.
This report focuses on Cannabis Oil in the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East, and Africa. This report categorizes the market based on manufacturers, regions, type, and application.
Market Segment by Type, covers: Organic Cannabis Oil, Non-Organic Cannabis Oil.
Market Segment by Applications can be divided into: Recreational, Medical.
For years, various claims have been made that CBD oil can help with relaxation, improve immune function, or cure cancer. The oil, extracted from the hemp plant, has no psychoactive properties, it is devoid of THC. There has not been much in the way of scientific study, especially on humans. Because it is a supplement and not regulated by the FDA, strength, and purity can vary. The gummies are sold as sleep aids, containing CBD, melatonin, and alcohol.
For many of the same reasons that cigarettes are losing business to vaping, cannabis flower is giving way to cannabis oils. Health concerns related to smoke inhalation, offensive odors, and lack of discretion are the primary motivators behind marijuana consumers seeking alternatives to blunts and bongs.
Increasingly, consumers are moving toward products derived from cannabis oils, such as topical creams, cannabis-infused food and drink (AKA "edibles"), and concentrated oils used for vaping or subliminal dosing. The numbers are bearing out this industry trend.
The industry analysts begin their task by compiling this huge pile of information, graphically expressing, anticipating the future market growth, offering the ways to improve the business, and many other important viewpoints explained by them in the Global Cannabis Oil Market report.
The report comprises precise analytical information related to market forecasts for several upcoming years. The report also includes the particulars about the valuation of macro and microelements significant for the growth of already established Cannabis Oil Market contenders and emerging new companies.
The numerous highlighted features and enactment of the Cannabis Oil Market are examined based on the qualitative and quantitative technique to deliver the whole scenario of the current and future evaluation in a more effective and better understandable way.
The demand for cannabis oils should only continue to grow as less-traditional and more health-conscious consumers become a larger part of the market. This industry trend and the impending legalization of edibles throughout Canada are creating a huge demand for access to high-quality cannabis oils. The companies that can produce such oils most cost-effectively stand to command a sizable portion of the market.
Table of Contents
1 Market Overview
2 Manufacturers Profiles
2.1 Select Oil
2.1.1 Business Overview
2.1.2 Cannabis Oil Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Select Oil Cannabis Oil Sales, Price, Revenue, Gross Margin and Market Share (2017-2020)
3 Global Cannabis Oil Sales, Revenue, Market Share and Competition by Manufacturer (2017-2020)
4 Global Cannabis Oil Market Analysis by Regions
5 North America Cannabis Oil by Country
6 Europe Cannabis Oil by Country
7 Asia-Pacific Cannabis Oil by Country
8 South America Cannabis Oil by Country
9 the Middle East and Africa Cannabis Oil by Countries
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