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This market research report provides a big picture on “Cannabis Market”, on a Global basis, offering a forecast and statistic in terms of revenue during the forecast period. The report covers a descriptive analysis with detailed segmentation, complete research and development history, latest news and press releases. Furthermore, the study explains the future opportunities and a sketch of key players involved in the “Cannabis Market’s hike in terms of revenue.
During the year 2016 to 2019, various companies have made organic growth strategies in the market there are operating. Some of the activities undertaken by the company, which have promoted its growth are, product launches, product approvals and others. Companies such as VIVO Cannabis, Medical Marijuana, Inc. and others have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. For instance, in August 2019, Medical Marijuana, Inc., launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, announced that its subsidiary Dixie Botanicals has released new watermelon-flavored cannabidiol (CBD) gummies in response to a growing market demand for edible CBD products.
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Top Companies Profiling in this Study:
The market players are focused on bringing new and innovative products and services through various organic strategies such as product launches and expansions to sustain their position in the market. Recently in August 2019, VIVO Cannabis’ wholly-owned subsidiary, ABcann Medicinals Inc., has been granted a Standard Cultivation licence from Health Canada for its Kimmetts facility in Napanee, Ontario.
What the report features:-
– Global analysis of Cannabis market from 2017 – 2027 illustrating the progression of the market.
– Forecast and analysis of Cannabis market by Dosage, Route of Administration and Application from 2017 – 2027
– Forecast and analysis of Cannabis market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America
The report assists in determining and analyzing the Key market players’ portfolios with information such as company profiles, components and services offered, financial information of last 3 years, key developments in past five years and helps in constructing strategies to gain competitive advantage. The market payers from Cannabis Market are anticipated to lucrative growth opportunities in the future with the rising demand for Cannabis in the global market. Below mentioned is the list of few companies engaged in the Cannabis market.
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MARKET SEGMENTATION ANALYSIS:
Global Cannabis Market – By Product Type
Global Cannabis Market – By Application
Global Cannabis Market – By Compound
The key factors such as legalization of medical cannabis, increasing awareness of medical cannabis through conferences, symposia, and workshops, and growing medicinal application of cannabis boosting the market over the years. The North America region is the fastest growing market among the all regions and is expected to grow with CAGR of 35.3%. This market is expected to reach to US$ 67,915.6 in 2027 from US$ 4,518.7 Mn in 2018. The growth in North America is characterized by increase in the approval of cannabis medicinal products. Moreover, increasing number of companies offering medicinal cannabis, growing medicinal applications of cannabis and increasing key factors contributing to the growth of cannabis market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Cannabis market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Cannabis market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Cannabis market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Cannabis market in these regions.
Legalization of medical cannabis is expected to be responsible for the growth of global cannabis market.
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Reasons to Buy the Report:
– Learn about the driving factors, affecting the market growth.
– Imbibe the advancements and progress in the market during the forecast period.
– Understand where the market opportunities lies.
– Compare and evaluate various options affecting the market.
– Pick up on the leading market players within the market.
– Envision the restrictions and restrains that are likely to hamper the market.
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