Cannabis Market expected to reach 7.67 billion by 2025

Posted by Priya Deshmukh on May 6th, 2019

Cannabis Market Report and Patent Landscape Analysis – 2025 by Applications (Medicinal and Recreational), by Product Types ( Dried Flowers – , Concentrates and other infused products like edibles, topical, beverages), by Regional Segmentation (North America, South America, Europe, the Rest of World (RoW)), by Patent Activities (Leading Patent Players, Technical Analysis Of Patent Landscape, Patent Licensing, Academic and Corporate Collaborations), Global Forecast – 2025. The global markets for Cannabis were estimated at .5 billion in 2018. It is expected to reach 7.67 billion by 2025 growing at a CAGR of 33.17 percent.

The Cannabis Market Report by AheadIntel focuses on the legal cannabis including its technology, market research and patent landscape and also analyze the current market dynamics and prospective future developments to present an accurate business and patent landscape for Cannabis technology.

Investors are shifting focus from Canada to legal US states

Lately investment interest has mostly been moving away from the Canadian industry towards legal US states. The legalization of medical as well as recreational Cannabis in more US states is expected in the coming years which will offer a huge market size for the investors to shift their focus. Although the initial sales may be at an average level, the market is expected to gain significantly over the forecasted period as the demand evolves and the products gain mainstream acceptance. Industry experts are of the opinion that if it was legalized nationally, it would overtake the total revenue generated from the sales of ice creams. At present, three in five US citizens live in the areas where medical Cannabis is legal, and one in five US citizen lives in the areas where recreational Cannabis is legal.

AbbVie Inc holds the largest patent portfolio in Cannabis with 216 IP assets

Other companies leading the Cannabis patent portfolio include GW Pharmaceuticals, Pfizer, and Merck & Co. Tariq Ghayur from AbbVie and Geoffrey guy, founder of GW Pharmaceuticals have the maximum number of patent families in the Cannabis landscape, followed by Ke Zheng and Tianrui Chen. Other researchers such as Venkat Goskonda and Mingda Luo are also active in Cannabis research activities.

The most researched product type is marijuana-infused products with 5659 patents

The most researched product type is marijuana-infused products with 5659 patents filed in this segment followed by flowers with 4919 patents about this product type. The other marijuana infused products can be further classified as beverages, capsules/tablets, edibles, inhalations, injectables, and ointments.

Get your analysis on 33 market figures and 37 market data tables in 192 page up to date report and detailed TOC on Cannabis Market Report and Patent Landscape Analysis.