Cannabis Market Hugh Growth is expected to reach US$ 147,457.4 Mn by 2027

Posted by Nikhil khadilkar on October 10th, 2022

The report segments the global Cannabis Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Cannabis Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry

Cannabis belongs to the cannabaceae family. Cannabis is also known with other names such as grass, pot, hash, weed, reefer, dope, herb, mull, buddha, ganja, joint, stick, buckets, cones, skunk, hydro, yarndi, smoke and hooch. Cannabis has long been used as vegetables and as juice, medicinal purposes and as a recreational drug. Cannabis is basically a drug that is obtained from Indian hemp plants named cannabis indica and cannabis sativa. There are different forms of cannabis available such as marijuana, hashish and Hash oil. Some species of cannabis are used to produce hemp fiber for use in paper, textiles and clothing. Cannabis is used for medical purposes for many years. Recent studies show that cannabis may be useful to help conditions such as nausea and vomiting, particularly when associated with chemotherapy, glaucoma, epilepsy and asthma.

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The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Cannabis in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the Cannabis, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

The most notable market participants are Aphria, Inc., Aurora Cannabis, Cannabis Science, INC , Canopy Growth Corporation , Medical Marijuana, Inc , VIVO Cannabis Inc., Tikun Olam, Terra Tech Corp., Tilray, and The Cronos Group are among the leading companies operating in the Cannabis market.

The global Cannabis Market is segmented based on deployment, component, solution, application, and geography. The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.

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