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< a href=" https://www.google.com/url?rct=j&sa=t&url=https://www.businesswire.com/news/home/20210216005966/en/Global-Cannabis-Market-2020-to-2026---Emergence-of-Cannabis-Legalization-in-Asia-Pacific-Presents-Opportunities---ResearchAndMarkets.com&ct=ga&cd=CAIyGmJkNDg1N2NkZDZlZGE2MWI6Y29tOmVuOlVT&usg=AFQjCNFkRDWKxSydipJAC-eLZ5qsdmBZaw" > Global Cannabis Market( 2020 to 2026)- Introduction of Marijuana Legalization in Asia-Pacific … DUBLIN
–(< period itemprop=” service provider publisher copyrightHolder” itemscope=” itemscope” itemtype= ” https://schema.org/Organization” itemid=” https://www.businesswire.com” > COMPANIES WIRE)– The< a referrerpolicy =" unsafe-url "target=" _ blank" href=" https://www.researchandmarkets.com/reports/5263916/global-cannabis-market-by-application-medical?utm_source=BW&utm_medium=PressRelease&utm_code=59gw3w&utm_campaign=1502287+-+Global+Cannabis+Market+( 2020+ to +2026)+-+ Development+ of+ Marijuana+ Legalization+ in
+ Asia-Pacific+ Provides+ Opportunities & utm_exec =jamu273prd” rel=” nofollow” shape=” rect “> “International Marijuana Market by Application( Medical, Recreational ), Product Type( Flowers, Focuses), Substance( THC-dominant, CBD-dominant, Balanced THC & CBD), and Area (North America, South America, Europe, RoW)- Projection to 2026” report has been contributed to ResearchAndMarkets.com’s offering. The worldwide marijuana market is approximated to be valued at USD 20.5 billion in 2020 and is predicted to reach USD 90.4 billion by 2026, recording a CAGR of 28 %, in regards to value. The marketplace is mostly driven by elements such as growing medical applications of cannabis and increasing legalization of cannabis and rise in social approval of marijuana. North America accounted for the largest market share in the cannabis market owing to the increasing legalization of marijuana for both medical and leisure purposes across the region. However, one of the restraining aspects in the development of marijuana market is complicated regulatory structure to produce and utilize cannabis.
By application, the recreational section is projected to grow at the greatest CAGR during the projection duration
Based on application, the leisure sector is anticipated to be the fastest-growing during the forecast period. This sector is rapidly growing as it is extremely required and taken in by the consumers. Likewise, high demand for leisure marijuana can equate into bigger market if it gets legalized across various regions.
By substance, the THC-dominant sector is approximated to account for the biggest share
The THC-dominant segment of the marijuana is dominating the market. The supremacy of this section is majorly credited to the truth that THC is the psychoactive compound in cannabis products that is accountable for the high. It also provides important medical advantages and works in eliminating queasiness, hunger loss, and insomnia.
The Europe region is predicted to grow at the highest CAGR throughout the projection period
Europe is projected to be the fastest-growing market for the period thought about for this study, due to the increasing legalization of medical cannabis in the region. Also, the healthcare system present in several European nations covers the health expense of a lot of patients in this region, more contributing to the development of cannabis market.
The cannabis market is segmented region-wise, with a detailed analysis of each region. These areas include The United States and Canada, South America, Europe, and RoW (Israel and Australia).
- Development in the Medical Applications of Marijuana
- Increase in Legalization of Cannabis and Increase in Social Approval of Marijuana
- Boost in R&D and Technological Development
- Complex Regulative Structure for the Use of Marijuana
- Item Advancement Via Research and Novel Item Delivery Solutions
- Development of Cannabis Legalization in Asia-Pacific
- Intensive Energy Intake and Keeping Item Consistency for the Cultivation of Marijuana
- Misconceptions Related To Marijuana
- Declining Costs as Products Get Commoditized
- Aphria Inc.
- . Aurora Marijuana Inc.
- . Canopy Development Corporation
- Cresco Labs
- Curaleah Holdings Inc.
- . Ecofibre Limited
- Green Thumb Industries
- Harvest Health and Leisure
- Hexo Corp.
- Indiva Limited Maricann Group Inc.
- . Medical Cannabis Inc.
- Medmen Organigrams Holding Inc.
- Stenocare Terra Tech Corp.
- Terrascend The Cronos Group Tikun Olam Vivo Cannabis Inc.
. For more info about this report go to < a referrerpolicy=" unsafe-url
” target =” _ blank” href=”https://www.researchandmarkets.com/reports/5263916/global-cannabis-market-by-application-medical?utm_source=BW&utm_medium=PressRelease&utm_code=59gw3w&utm_campaign=1502287+-+Global+Cannabis+Market+ (2020+ to +2026)+ -+ Development+ of+ Marijuana+ Legalization+ in+ Asia-Pacific+ Provides +Opportunities & utm_exec = jamu273prd” rel=”nofollow” shape=”rect” > https://www.researchandmarkets.com/r/4q5fhp Released at Tue, 16 Feb 2021 16:52:30 +0000