International Marijuana Market (2020 to 2026) - Development of Cannabis Legalization in Asia-Pacific ... 1
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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" > International Marijuana Market( 2020 to 2026)- Emergence of Cannabis Legalization in Asia-Pacific … DUBLIN

–(” https://schema.org/Organization” itemid=” https://www.businesswire.com” > ORGANIZATIONS 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)+-+ Emergence+ of+ Marijuana+ Legalization+ in

+ Asia-Pacific+ Provides+ Opportunities & utm_exec =jamu273prd” rel=” nofollow” shape=” rect “> “Global Marijuana Market by Application( Medical, Recreational ), Product Type( Flowers, Concentrates), Substance( THC-dominant, CBD-dominant, Balanced THC & CBD), and Area (The United States And Canada, South America, Europe, RoW)- Forecast to 2026” report has been included to ResearchAndMarkets.com’s offering. The worldwide cannabis market is estimated to be valued at USD 20.5 billion in 2020 and is forecasted to reach USD 90.4 billion by 2026, tape-recording a CAGR of 28 %, in regards to value. The market is mainly driven by aspects such as growing medical applications of cannabis and increasing legalization of marijuana and rise in social acceptance of cannabis. The United States and Canada represented the largest market share in the cannabis market owing to the increasing legalization of marijuana for both medical and leisure functions across the area. However, among the limiting factors in the development of cannabis market is complex regulatory structure to produce and utilize cannabis.

By application, the leisure section is projected to grow at the greatest CAGR throughout the projection period

Based upon application, the recreational sector is anticipated to be the fastest-growing during the forecast duration. This segment is rapidly growing as it is highly required and consumed by the customers. Also, high demand for recreational cannabis can equate into bigger market if it gets legislated across various regions.

By compound, the THC-dominant segment is estimated to account for the biggest share

The THC-dominant section of the marijuana is controling the market. The dominance of this segment is majorly associated to the truth that THC is the psychedelic compound in cannabis items that is accountable for the high. It likewise provides crucial medical advantages and works in easing nausea, appetite loss, and sleeping disorders.

The Europe area is projected to grow at the highest CAGR during the projection duration

Europe is forecasted to be the fastest-growing market for the period considered for this research study, due to the increasing legalization of medical cannabis in the region. Likewise, the healthcare system present in a number of European nations covers the health expenditure of many patients in this region, further adding to the development of marijuana market.

The cannabis market is segmented region-wise, with a detailed analysis of each region. These regions consist of The United States and Canada, South America, Europe, and RoW (Israel and Australia).

Market Dynamics

Companies Mentioned

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International Marijuana Market (2020 to 2026) - Development of Cannabis Legalization in Asia-Pacific ... 2

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