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Cannabi*s Products Market Overview, Outlook, Size, Share, Demand 2024-2033
Cannabi*s Products Market Overview
As per the report, the cannabi*s products market size has grown exponentially in recent years. It will grow from $50.96 billion in 2023 to $63.75 billion in 2024 at a compound annual growth rate (CAGR) of 25.1%. The cannabi*s products market size is expected to see exponential growth in the next few years. It will grow to $159.93 billion in 2028 at a compound annual growth rate (CAGR) of 25.9%.
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Medical Applications Of cannabi*s Drive cannabi*s Products Market
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 TH*C (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 legalized 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 legalizing medical marijuana, and at least several million Americans were using it.
Solar-Powered cannabi*s Cultivation A Sustainable Approach In The Expanding cannabi*s Market
Solar cannabi*s cultivation is an emerging trend in the cannabi*s product market. As cannabi*s cultivation requires a large amount of energy for lighting, heating, air-conditioning, and dehumidification systems, cannabi*s product manufacturing companies are investing in solar cannabi*s cultivation. This is mainly a result of the legalization of cannabi*s products in various states of the USA, which is continuously increasing the consumption of energy and leading cannabi*s manufacturers to opt for solar cannabi*s cultivation. For instance, Aurora acquired 71 acres of land in Medicine Hat, Alberta, and installed a high-technology hybrid greenhouse cannabi*s production facility.
The cannabi*s products market covered in this report is segmented -
1) By Product Type: Flower, Concentrates, Other Product Types
2) By Usage: Medical, Recreational
3) By Compound: TH*C-Dominant, CB*D-Dominant, Balanced TH*C & CB*D
4) By Route Of Administration: Oral Solutions And Capsules, Smoking, Vaporizers, Topicals, Other Route Of Administrations
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Major companies operating in the cannabi*s products market report are Sprott Inc., Medical Marijuana Inc., Jazz Pharmaceuticals plc, Tilray Inc., Canopy Growth Corporation, LivWell Enlightened Health LLC, Organigram Holdings Inc., Aphria Inc., Aurora cannabi*s Inc., Medicine Man Technologies Inc., Insys Therapeutics Inc., MedMen Enterprises Inc., Stenocare A/S, Cronos Group Inc., The Valens Company Inc., Jushi Holdings Inc., Columbia Care Inc., Cara Therapeutics Inc., VIVO cannabi*s Inc., Terra Tech Corp., United cannabi*s Corporation, Tikun Olam Ltd., Noya Inc., The Scotts Miracle-Gro Company, Wayland Group Corp., cannabi*s Sativa Inc., ABcann Medicinals Inc., CanniMed Therapeutics Inc., Lexaria Bioscience Corp., cannabi*s Science Inc.
Contents of the report:
1. Executive Summary
2. cannabi*s Products Market Report Structure
3. cannabi*s Products Market Trends And Strategies
4. cannabi*s Products Market - Macro Economic Scenario
5. cannabi*s Products Market Size And Growth
…..
27. cannabi*s Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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