Cannabis Market Application ,Power Rating, key players statistics and forecast 2027

Cannabis is a psychoactive substance derived from the cannabis plant of the Cannabaceae family. It was used medicinally in ancient Indian, Chinese, Egyptian, and Islamic cultures. Cannabis is used to treat diseases and symptoms such as cancer, chronic pain, depression, arthritis, diabetes, glaucoma, migraines, epilepsy, multiple sclerosis, acquired immunodeficiency syndrome (AIDS), amyotrophic lateral sclerosis (ALS), Alzheimer's, post-traumatic stress disorder (PTSD), Parkinson's, and Tourette's. Because of its therapeutic effects, cannabis has been approved for medical use in a number of countries, with varying degrees of legal restrictions.

Cannabis Market Report Scope and Research Methodology

The objective of the report is to present a comprehensive analysis of the Cannabis  market including all the stakeholders of the industry. The past and current status of the Cannabis  industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. It covers all the aspects of the Cannabis  industry with a dedicated study of key players that includes market leaders, followers and new entrants. External as well as internal factors that affect the business positively or negatively have been analysed in the Cannabis  market report. The report also helps in understanding global Cannabis  market dynamics and market structure by analysing the market segments and forecasting the global market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the global Cannabis  market make the report investor’s guide. PORTER, PESTLE analysis with the potential impact of micro-economic factors of the market have been presented in the Cannabis  Market report.

Cannabis Market Overview

Cannabis Market Research Report investigated the current state of definitions, classifications, applications, and industry chain structure. The Cannabis Market analysis provides objective professional commentary on the current market scenario, prior market performance, production and consumption rates, demand and supply ratios, and forecasted income generation for the projected period. The Cannabis  market study also includes information on the strategic ambitions and company growth strategies of the industry's leading businesses. To summarize, the report provides an in-depth analysis of the Cannabis  market on a global and regional scale.

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Cannabis  Market Key Players

Canopy Growth Corporation (Canada)
Aurora Cannabis Inc. (Canada)
MedMen (US)
Terra Tech Corp. (US)
Aphria Inc. (Canada)
VIVO Cannabis Inc. (Canada)
The Cronos Group (Canada)
Medical Marijuana Inc. (US)
STENOCARE (Denmark)
Tikun Olam (Israel)
Organigram Holdings Inc. (Canada)
Cresco Labs (US)
Indiva (Canada)
Curaleaf Holding Inc. (US)
HEXO Corp. (Canada)
Ecofibre Limited (Australia)
Harvest Health & Recreation (US)
Green Thumb Industries (US)
Maricann Group Inc. (Canada)
TerrAscend (Canada)

Cannabis  Market Dynamics:

Cannabis is safer and has fewer negative side effects than other therapies. It is also used in conjunction with other medications, either to improve their efficacy or to reduce negative side effects. It works wonders in reducing nausea and increasing appetite in chemotherapy patients, for example. It is also used in conjunction with standard opioid medications, allowing patients to reduce their opioid dosage and frequency while still receiving adequate pain relief. This is one of the primary drivers of the Cannabis Market.

Cannabis  Market Segmentation:

The Cannabis Market is divided into two categories: Flowers and Concentrates. Flowers will dominate the Cannabis Market in 2021, accounting for 57% of the total market. Marijuana flowers contain 15% - 30% THC, 0% - 1% CBD, and trace amounts of other cannabinoids. These levels of concentrates in this proportion are very useful in making medicines, primarily for pains and migraines, and can also be used to make medicines for some major and more dangerous illnesses, such as cancer and arthritis, thereby expanding such a large market. Furthermore, because the flowers or buds are natural and grown naturally, they have fewer side effects than concentrates.

Concentrates, on the other hand, held a 42% market share in 2021 because they must be extracted. They primarily include CO2 oil, butane hash oil, shatter, wax, live resin, kief, ice water hash, and rosin. This is primarily used for recreational purposes, and it may be too dangerous for medicinal purposes, but one advantage of concentrates is that they are less addictive. The market for concentrates is expanding due to the variety of flavor profiles that can be vaporized, which is healthier than smoking flower.

The Cannabis Market is classified into two applications: medicinal and recreational. Medicinal applications will account for 65% of the Cannabis Market in 2021, as cannabis is only legal in most parts of the world for medicinal purposes such as medications for minor and severe illnesses. Some well-known cannabis-based medicines include Sativex, Marinol, and Cesamet. Medicinal applications are expected to increase at a faster rate in the forecasted period, as the Asia Pacific region, which has strict rules against cannabis use, is making its laws a little firmer towards cannabis use and may allow medicinal cannabis use in their regions.Recreational applications will account for 35% of the market in 2021, as it is illegal in many parts of the world, with the exception of North America and Europe, to manufacture products containing cannabis or marijuana. Cannabis is used in the production of lotions, lubricants, creams, and other products to treat ailments such as muscle soreness and cramping, as well as in the agriculture sector, so the market is expected to expand during the forecast period.

Cannabis  Market Regional Insights

Each regional Cannabis  market is thoroughly studied to determine its current and future growth prospects. This information helps clients to grow their businesses. The Cannabis  market report covers all five regions and their country-wise distribution. Their Cannabis  market size and trends are also included in the report.

Key Questions answered in the Cannabis  Market Report are:

• What is the growth potential of the Cannabis  Market?
• What was the Cannabis  Market size in 2021?
• Which segment held the largest Cannabis  Market share in 2021?
• What is the CAGR of the Cannabis  Market?
• What are the global trends in the Cannabis  Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Cannabis  Market?
• What growth strategies are the players considering increasing their presence in the Cannabis  Market?

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