Cannabis Market |Top Companies, Trends and Future Prospects Details for Business Development Market Research Engine has published a new report titled as “Cannabis Market Size by Product Type (Flowers, Concentrates and Other product types), By Application (Medical and Recreational), By Compound (Tetrahydrocannabinol (THC)-dominant, Cannabidiol (CBD)-dominant and Balanced THC & CBD), By Region (North America, Europe, AsiaPacific, Rest of the World), Market Analysis Report, Forecast 2021-2027.” The Cannabis Market is expected to be around US$ 52 Billion by 2027 at a CAGR of xx% in the given forecast period. Browse Full Report: https://www.marketresearchengine.com/cannabis-market Increasing demand for cannabis-infused Candies, chocolates and beverages is propelling the marijuana market growth. The rising trend among adults to use cannabis/marijuana for recreational purposes is boosting its market as they inhale its smoke and vapor to have euphoric feeling. Furthermore, the product innovation and its packaging is also has a prominent role in augmenting the market growth. Moreover, cannabis legalization is often regarded upon with dual perceptions wherein its legalization has been proven to be met with skepticism related to possible abuse. Legalization of cannabis has enabled people to practice safe substance usage coupled with realizing its medicinal advantages. As a result of which, various countries are gradually legalizing the usage of cannabis across the world which is likely to augment the market growth. The global Cannabis market is segregated on the basis of Product Type as Flowers, Concentrates and Other product types. Based on Application the global Cannabis market is segmented in Medical and Recreational. Based on Compound, the global Cannabis market is segmented in Tetrahydrocannabinol (THC)dominant, Cannabidiol (CBD)-dominant and Balanced THC & CBD. The global Cannabis market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Cannabis market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others. Competitive Rivalry Canopy Growth Corporation, Aurora Cannabis Inc., MedMen, Terra Tech Corp., Aphria Inc., VIVO Cannabis Inc., The Cronos Group, Medical Marijuana Inc., Stenocare, Tikun Olam, Organigrams Holding Inc., Cresco Labs, Maricann Group Inc., Indiva, Hexo Corp., and others are among the major players in the global Cannabis market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain. The Cannabis Market has been segmented as below:
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