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Cannabis Beverage Market | MedReleaf Corp., Cronos Group Inc., GW Pharmaceuticals, Plc., CannTrust Holdings Inc., VIVO Cannabis Inc.
Cannabis Beverage Market
Cannabis is usually consumed in form of vapors and sometimes it is infused in food products like brownies and cookies. The rise in consumption of cannabis among consumers around the world has led to the development of cannabis infused beverage products.
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Detailed Segmentation:
Global Cannabis Beverage Market, By Product Type:
Alcoholic
Beer
Spirits
Wine
Non-Alcoholic
Marijuana Tea
Cannabis Soda
Cannabis Coffee & Cold brew
Global Cannabis Beverage Market, By End-Use:
Household
Restaurants & Cafes
Global Cannabis Beverage Market, By Distribution Channel:
Convenience Stores
Hypermarkets
Supermarkets
Online
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Furthermore, the increasing number of collaborations among leading companies with the goal of launching cannabis beverages is expected to fuel the growth of global cannabis beverages market. For instance, Hexo Corp., a Canada-based producer of cannabis products, formed a joint venture with Molson Coors Brewing Co., a producer of non-alcoholic beverages. In addition to this, in January 2020, Imaginary, a U.S.-based venture capital firm, invested US$ 5.0 million in Cann, an American company engaged in production and distribution of cannabis infused beverages.
Increasing recognition of cannabis for its medicinal and therapeutic benefits among consumers around the globe is likely to promote the growth of the global cannabis beverages market. Cannabis is used a medicinal drug owing to various health benefits that it provides such as blood pressure control, improvement in sleeping patterns, and relief from anxiety and depression. Extensive research has been done by pharmaceutical companies to produce cannabis-based medicines and treatments which are safe for health and do not cause any harmful side effects to the patients.
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