Global Cannabis Market
Report Highlights
Cannabis Market Size And Forecast
According to Verified Market Research, the Cannabis Market was valued at USD 9.79 Billion in 2018 and is projected to reach USD 78 Billion by 2026, growing at a CAGR of 29.47% from 2019 to 2026.
Global Cannabis Market Outlook
The rising awareness regarding medical properties of marijuana, which can help to cure disorders such as epilepsy, Alzheimer's disease, arthritis, anorexia, chronic pain, and other medical conditions, is expected to fuel the growth of the market. Moreover, new product launches by the key players are anticipated to drive the market. For instance, in October 2018, MedMen launched new products under the brand name Statemade. The stringent and complex regulatory framework on the use of cannabis and the declining price of marijuana in the market as the products are getting increasingly commoditized are some factors responsible to stagnate the market growth.
Global Cannabis Market Competitive Landscape
The Global Cannabis Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Aurora Cannabis Inc., Aphria Inc., Canopy Growth Corporation, Chronos Group Inc., Vivo Cannabis Inc., Terra Tech Corp., Medmen, Stenocare, Tikun Olam, and Medical Marijuana, Inc.
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