Cannabis Market Size, Business Revenue Forecast

Posted by nileshdbmr on May 24th, 2021

Global cannabis market is projected to register a healthy CAGR of 34.7% in the forecast period of 2021 to 2028. Cannabis is a type of drug that is obtained from plants such as cannabis indica and cannabis sativa. The active chemical present in the plant is tetrahydrocannabinol (THC). Cannabis plant has several medical as well as recreational usages. In medical, cannabis is reported to treat nausea, vomiting, chronic pains, asthma and many more diseases. The plant also has psychoactive and physiological effects when taken into the body.

Competitive Analysis: Global Cannabis Market

Some of the major players operating in this market are O.penVAPE Shop., The Cronos Group, Tilray, Marley Natural, Aurora Cannabis, Cara Therapeutics, ARUMA LABS HOLDINGS PTY LIMITED, Medcan Australia, Sundial Growers Inc., Canopy Growth Corporation, GW Pharmaceuticals plc, The Scotts Company LLC, Aphria Inc., VIVO Cannabis Inc., Cannatrek and others.

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Segmentation: Global Cannabis Market

Global cannabis market is segmented into four notable segments which are based on the basis of product type, usage, crop variety and distribution channel.

•          On the basis of product type, the market is segmented into buds, oil, tinctures and others
•          On the basis of usage, the market is segmented into medical and recreational
•          On the basis of crop variety, the market is segmented into cannabis indica, cannabis sativa and others
•          On the basis of distribution channel, the market is segmented into physical, digital and others

Focus of the report

• CAGR values in the market for the forecast period
• Key trends in the market place
• Major players and brands
• Historical and current market size and projection up to 2028.
• Detailed overview of parent market
• Changing market dynamics of the industry

Reasons to Purchase this Report

•          The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
•          Regions/Countries that are expected to witness the fastest growth rates during the forecast period
•          The latest developments, market shares, and strategies that are employed by the major market players