North America Cannabis Market Rapidly Growth Gain in Upcoming years


Posted March 3, 2021 by shrikantmrfr19

North America Cannabis Market Size, Share, Industry Analysis Information, by Derivatives (Marijuana/Flowers, Industrial Hemp, Other Concentrates/Products), by application type (Applications of Marijuana, Applications of Hemp)

 
The cannabis market has shown rapid growth in the past few years owing to rapid demand increase for cannabis and related products. Market Research Future, who specializes in market reports related to the consumer and retail sector among others, recently published a report on this market. Expansion of the North America cannabis market is estimated with a CAGR of 33% in forecast period from 2016 to 2021.

Industry Segments

The North America cannabis market is categorized on the following basis:

On the basis of Derivatives: Industrial Hemp and Marijuana/Flowers, Other Concentrates/Products which include Keif, Hash, Hash Oil Etc.

On the basis of Applications type: On the basis of applications the market is segmented into applications of marijuana into medicinal applications, recreational applications and others and applications of hemp into food and baby care, clothing & textile among others

Detailed Regional Analysis

Cannabis market in North America was over USD 3.5 billion in 2015. This industry was mainly operating in the black market; however with developments in the medical applications of the derivatives such as marijuana and hemp this market experienced significant growth over the past few years.  Presently, the cannabis market is not a bare collaboration of the growers or producers of marijuana and hemp; it is rather a conglomerate of science and technology. The U.S. being the largest market in the region was valued over USD 3 billion and is anticipated to grow at a CAGR over 30% between 2016 and 2021.

Key Players included in North America cannabis market are:

Some of the major players in North America Cannabis Market include Canadian Cannabis Corporation, Cannabis Sativa Inc, Cannavest, Canna Brands Inc, Omnicanna Health Solutions., Privateer Holdings, Inc, And Arena Pharmaceuticals, Plandai Biotechnology., Tweed Marijuana Inc, Affinor Growers. Inc.

Global Competitive Analysis

A trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types. The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The industry players in the segment are efficiently utilizing their primary resources to initiate long lasting growth changes. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.

Major players in North America Cannabis Market include Cannavest, Canadian Cannabis Corporation, Tweed Marijuana Inc, Affinor Growers., Plandai Biotechnology., Cannabis Sativa Inc to name a few of the market players.

Complete Report Details@ https://www.marketresearchfuture.com/reports/cannabis-market-industry-950

Industry Updates:

Jan 2018 Tokyo Smoke merged with DOJA Cannabis Company Ltd., a Kelowna B.C.-based licensed producer, to create a new company, Hiku Brands Company Ltd., which was listed on the Canadian Securities Exchange recently. Tokyo Smoke of TS Brandco Holdings Inc had been attempting previously to manoeuvre into carefully cultivating a cannabis-centered lifestyle brand leading up to recreational legalization in the country.
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Tags north america cannabis market
Last Updated March 3, 2021