Cannabis Market Is Projected To Have Revenue Of $ 147,457.4 Million With An Annual Growth Rate Of 29.1% Over The 2021-2027 Period – Aurora Cannabis; Cannabis Science, INC; VIVO Cannabis Inc .; Tikun Olam and The Cronos Group – KSU

cannabis is available commercially in forms such as marijuana, hashish, and hash oil. Some types of cannabis are used to make hemp fiber for paper, textiles, and clothing. Cannabis has been used for medicinal purposes for many years. Recent studies show that cannabis can be useful in treating conditions such as nausea and vomiting, especially when linked to chemotherapy, glaucoma, epilepsy, and asthma.

Tetrahydrocannabinol-dominant segment to register the highest CAGR in the cannabis market during the forecast period

A new market report from The Insight Partners on the Cannabis market was published with reliable information and accurate forecasts for a better understanding of current and future market scenarios. The report provides an in-depth analysis of the global market including qualitative and quantitative insights, historical data, and estimated forecasts of the market size and shares over the forecast period. The projections mentioned in the report have been made using best research assumptions and methods. Hence, this research study serves as an important repository for the information for any market landscape. The report is segmented by types, end-users, applications, and regional markets.

According to our new market research study by “Cannabis Market to 2027 – Global Analysis and Forecast by Product Type, Compound and Application” The market is expected to reach $ 147,457.4 million by 2027 of $ 14,383.8 million in 2019; it is estimated to grow at a CAGR of 29.1% from 2021 to 2027.

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Key companies involved in the cannabis market: – 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

The growth of the global Cannabis market is credited with legalizing medical cannabis; growing medical uses of cannabis; and raising awareness of medical cannabis through conferences, symposia and workshops. In addition, the growing demand for cannabis during the ongoing COVID-19 pandemic should have a positive impact on the market in the coming years.

The report segments the global cannabis market as follows:

By product type

  • Flowers
  • Concentrates
  • Other

After application

  • Medical
    • Pain management
    • Neurological health management
    • Mental health management
    • Other
  • leisure

After connection

  • Tetrahydrocannabinol (THC) dominant
  • Cannabidiol (CBD) dominant
  • Balanced THC and CBD

Size of the cannabis market:

The report provides key drivers that are driving the growth of the global cannabis market. These insights help market participants to develop strategies for gaining market presence. The study also outlined the limitations of the market. Insights into opportunities are given, which should help market participants to take further steps by identifying the potential in undeveloped regions.

Due to the pandemic, we have included a dedicated section on the impact of COVID-19 on the cannabis market, which mentions how Covid-19 is affecting the single-use incontinence products (DIPs) industry, market trends and potential opportunities in the COVID-19 landscape, Covid -19 Impact on Key Regions and Proposal for Disposable Incontinence Products (DIPs) Players to Combat Covid-19 Effects.

Cannabis market: The regional analysis includes:

  • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  • Europe (Turkey, Germany, Russia, UK, Italy, France, etc.)
  • North America (USA, Mexico and Canada)
  • South America (Brazil etc.)
  • The Middle East and Africa (GCC countries and Egypt.)

Note: Access an insightful study with more than 150 pages, a list of tables and figures, and profiles of more than 10 companies.

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