Global cannabis market share to boost at 28.5% CAGR through

Selbyville, Delaware, July 1, 2021 (GLOBE NEWSWIRE) – The global cannabis market was estimated at $ 20.6 billion in 2019 and is expected to grow at an average annual rate of 28.5% over the period 2021-2027 118 . $ 9 billion by the end of the analysis period.

In addition, documentation is created using Porter’s Five Forces Model, Investment Adoption Model, and PEST analysis, taking into account the assumptions of industry specialists, thus providing better insights into the market space. In addition, this research report also examines the regional landscape, taking into account both quantitative and qualitative aspects. Finally, the report provides a competitive hierarchy with an emphasis on business profiles of different companies.

Developments in cannabis genetics to increase yield combined with increasing legalization in all countries due to medicinal properties are stimulating the growth of the global cannabis market.

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According to a reliable report, regional cannabis growers were allowed to export medical cannabis and its by-products worldwide by the Australian government in January 2018. Likewise, the United States, along with other countries such as the Netherlands, Peru, Israel, Italy, Uruguay, Poland, Portugal, Chile, Colombia, Germany, Greece, and Canada have approved cannabis for medicinal purposes. In addition, according to Cannabis, after the UK and Germany, France should legalize medical cannabis by the end of 2020.

For the inexperienced, cannabis is a high-flowering plant with a stiff and upright stem that has been legalized for medicinal use in numerous countries.

However, cannabis use guidelines differ from country to country, which could limit the expansion of the global cannabis market in the 2021-2027 period.

Outline market segmentations

Based on the product type, the worldwide cannabis market is divided into concentrates, buds, and others. Speaking of the scope, the industry is divided into recreational and medical purposes. In terms of composition, the market consists of cannabidiol (CBD) dominant, tetrahydrocannabinol (THC) dominant, and balanced THC & CBD.

Development of the regional spectrum

Expert analysts claim that North America has led the global cannabis market forecast in the recent past and due to the widespread legalization of recreational and medicinal cannabis coupled with knowledge of the population’s CBD benefits throughout the population in 2021 The region will continue to grow in 2027.

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Global Cannabis Market Share by Product Type (Revenue, Billion USD, 2017-2027)
· Concentrates

Global Cannabis Market by Application Area (Revenue, Billion USD, 2017-2027)
·Leisure
·Medical

Global Cannabis Market by Compound Ambit (Revenue, Billion USD, 2017-2027)

Cannabidiol (CBD) dominant Tetrahydrocannabinol (THC) dominant Balanced THC & CBD

Global Regional Landscape of the Cannabis Market (Revenue, Billion USD, 2017-2027)
Europe
·Germany
·France
·Italy
·Spain
·UNITED KINGDOM
·Roe

North America
US
·Canada

Asia Pacific
·India
·China
·Australia
·Japan
·South Korea
· RoAPAC

Latin America
·Mexico
·Brazil

LINE

Global Cannabis Market Competitive Dashboard (Revenue, $ Billion, 2017-2027)
· Ökofiber Limited

Canopy Growth Corporation Harvest Health & Recreation IncAurora Cannabis Inc. Terra Tech Corporation VIVO Cannabis Inc. OrganiGrams Holdings Inc. Cronos Group Medical Marijuana Inc. Maricann Group Inc. (Wayland Group Corp.)

Table of Contents:

Chapter 1. Summary
1.1. Market snapshot
1.2. Global and Segmental Market Estimates and Forecasts, 2019-2027 (Billion USD)
1.2.1. Cannabis Market by Region, 2019-2027 (Billion USD)
1.2.2. Cannabis Market by Product Type, 2019-2027 (Billion USD)
1.2.3. Cannabis Market by Application, 2019-2027 (Billion USD)
1.2.4. Cannabis Market, by Compound, 2019-2027 (USD Billion)
1.3. Key trends
1.4. Estimation methodology
1.5. Research assumption
Chapter 2. Definition and Scope of the Global Cannabis Market
2.1. the aim of the study
2.2. Market definition & scope
2.2.1. Scope of study
2.2.2. Industry development
2.3. Years taken into account for studies
2.4. Currency conversion rates
Chapter 3. Global Cannabis Market Dynamics
3.1. Analysis of the impact on the cannabis market (2019-2027)
3.1.1. Market leader
3.1.1.1 Growth in medical uses of cannabis
3.1.1.2 Increase in the legalization of cannabis and increase in social acceptance of marijuana.
3.1.2. Market challenges
3.1.2.1 Complex regulatory structure for cannabis use
3.1.3. Market opportunities
3.1.3.1 Product development through research and novel product delivery solutions
Chapter 4. Global Cannabis Market Analysis
4.1. Porter’s 5 Forces Model
4.1.1. Bargaining power of suppliers
4.1.2. Bargaining power of buyers
4.1.3. Threat from new entrants
4.1.4. Proxy threat
4.1.5. Competition
4.1.6. Futuristic Approach to Porter’s 5 Forces Model (2018-2027)
4.2. PEST analysis
4.2.1. Politically
4.2.2. Economically
4.2.3. Social
4.2.4. Technologically
4.3. Investment assumption model
4.4. Analyst recommendation & conclusion
Chapter 5. Global Cannabis Market by Product Type
5.1. Market snapshot
5.2. Global Cannabis Market By Product Type, Performance – Potential Analysis
5.3. Global Cannabis Market Estimates and Forecasts, by Product Type, 2018-2027 (Billion USD)
5.4. Cannabis market, sub-segment analysis
5.4.1. Flowers
5.4.2. Concentrates
5.4.3. Other
Chapter 6. Global Cannabis Market By Application
6.1. Market snapshot
6.2. Global Cannabis Market By Application, Performance – Potential Analysis
6.3. Global Cannabis Market Estimates and Forecasts by Application, 2018-2027 (Billion USD)
6.4. Cannabis market, sub-segment analysis
6.4.1. Medical
6.4.2. leisure
Chapter 7. Global Cannabis Market by Link
7.1. Market snapshot
7.2. Global Cannabis Market By Composition, Performance – Potential Analysis
7.3. Global Cannabis Market Estimates and Forecasts by Link 2018-2027 (Billion USD)
7.4. Cannabis market, sub-segment analysis
7.4.1. Tetrahydrocannabinol (THC) dominant
7.4.2. Cannabidiol (CBD) dominant
7.4.3. Balanced THC & CBD
Chapter 8. Global Cannabis Market, Regional Analysis

Associated report:

U.S. Cannabis Testing Market Size, Industry Analysis Report, Zonal Outlook, Application Potential, Price Trends, Competitive Market Share, and Forecast, 2021-2027

The U.S. cannabis testing market is expected to see lucrative growth in the coming years due to the increased use of products for medicinal purposes, the increasing legalization of cannabis in various states, and the subsequent increase in the need to ensure general consumer safety. With cannabis finally in the legal realm, cannabis testing has become one of the main aspects of the new industry. Indeed, the increasing legalization of medicinal and adult recreational cannabis has led to the need for strong and reliable analytical testing to ensure consumer safety.

Testing cannabis enables both growers and sellers to comply with government regulations and continue to provide high quality, easy-to-dose products that customers can feel safe to consume. The need for cannabis testing generally differs from state to state; however, most states require testing and labeling for efficacy and numerous contaminants such as pesticides, heavy metals, microbes, and residual solvents.

For example, in Colorado, all cannabis-based retail products must be tested for residual solvents such as BTX, heptane, hexane, and butane; Microorganisms such as mold, yeast, Salmonella and E. coli; and potency like CBN, CBDa, CBD, THCa and THC before being placed on pharmacy shelves. In addition, pharmaceutical companies marketing cannabis-based drugs generally perform much more rigorous testing than other adult recreational cannabis manufacturers.

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