Cannabi*s Products Global Market Research Report By Application, By Type, By Region, Shares, Trends And Forecast 2023-2032 | Canopy Growth Corporation, Aphria Inc., Aurora Cannabi*s, Cara Therapeutics, GW Pharmaceuticals PLC., Maricann Group

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Cannabi*s products market report by The Business Research Company, the growing medical applications of cannabi*s are a significant driver for the Cannabi*s products market. Cannabi*s is a drug that comes from Indian hemp plants such as Cannabi*s sativa and Cannabi*s indica, with (delta-9 tetrahydrocannabinol) being the main active chemical in it. Cannabi*s has several medical applications in conditions such as nausea and vomiting, glaucoma, epilepsy, and asthma. Hence, many countries have legalised the use of cannabi*s for medical applications despite it being a psychoactive drug. Medical applications of cannabi*s include treating cancer, chronic pain, depression, arthritis, diabetes, glaucoma, migraines, epilepsy, AIDS, Alzheimer's disease, and Parkinson's disease. According to Harvard Health, around 85% of Americans supported legalising medical marijuana, and at least several million Americans were using it.

The global Cannabi*s products market grew from $35 billion in 2022 to $42.15 billion in 2023 at a compound annual growth rate (CAGR) of 20.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The Cannabi*s products market is expected to grow from $100.63 billion in 2027 at a CAGR of 24.3%.

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Major competitors in the Cannabi*s products market include Canopy Growth Corporation, Aphria Inc., Aurora Cannabi*s, Cara Therapeutics, GW Pharmaceuticals PLC., Maricann Group, Tilray, The Cronos Group, Tikun Olam, and United Cannabi*s Corporation.

The Cannabi*s products market is segmented -
• By Product Type: Flower, Concentrates, Other Product Types
• By Usage: Medical, Recreational
• By Route Of Administration: Oral Solutions And Capsules, Smoking, Vaporizers, Topicals, Other Route Of Administrations
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cannabi*s products market.

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Cannabi*s products refer to cannabi*s that has undergone a process that turns the plant material into a concentrate, such as, but not limited to, concentrated cannabi*s, or an edible or topical product containing cannabi*s or concentrated cannabi*s and other substances. It is frequently used as a recreational drug and has several medical applications, including the treatment of migraines, nausea, and vomiting.

The Table Of Content For The Cannabi*s products Market Include:
1. Executive Summary
2. Cannabi*s products Market Characteristics
3. Cannabi*s products Market Trends And Strategies
4. Cannabi*s products Market - Macro Economic Scenario
5. Cannabi*s products Market Size And Growth
………
28. Key Mergers And Acquisitions In The Cannabi*s products Market
29. Cannabi*s products Market Future Outlook and Potential Analysis
30. Appendix

The "Global Cannabi*s products Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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