Chicago, Sept. 30, 2022 (GLOBE NEWSWIRE) -- TheCannabis Market size is estimated to be valued at USD 27.7 billion in 2022 and is projected to reach USD 82.3 billion by 2027, recording a CAGR of 24.3% in terms of value from 2022 to 2027, according to a new report by MarketsandMarkets.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201768301
Browse in-depth TOC on "Cannabis Market"236 Tables68 Figures298 Pages
The medical segment sees demand for treating anxiety and pain management
Medical segment also significantly contributes towards the total cannabis market. Cannabis is used in treating various medical situations like anxiety, gastrointestinal disorders, seizures, and epilepsy. Increased network of cannabis dispensaries will help increase the reach of the cannabis products to consumers thus, projecting a bright future for the market.
Despite increased knowledge of its medical benefits, existing manufacturing inefficiencies and manufacturers' poor-quality control are hindering output. Many products fail to meet regulatory and content requirements. However, because of enhanced manufacturing procedures and quality standards, the pharmaceutical industry is now poised to supply more consistent products.
The CBD-dominant segment is projected to account for the second-largest share in the cannabis market during the forecast period
High demand and progressive policy reforms will ensure the cannabis industry's growth. As more people around the world experience burnout as a result of work and other stresses, consumers are more inclined to focus on self-care and mental wellness, and CBD fits perfectly into this change. The CBD market has risen as a result of the progressive growth in the availability of CBD products. Furthermore, the industry is predicted to grow positively as a result of CBDs growing presence in edibles, skincare, and increased online distribution channels.
The demand for medical cannabis in South America is driven by the increased legalization of medical cannabis within various countries
The market in the region is driven by the legalization of medical cannabis. The legalization of cannabis originated from Uruguay and Colombia, which was later joined by Argentina, Brazil, Chile, and other South American countries. Although personal cultivation of recreational cannabis for personal consumption is legal in many countries in the region, the commercial sale is limited only to Uruguay. Several countries in South America have decriminalized possession of small amounts for personal use such as Chile, Colombia, Costa, Ecuador, and Peru. The South American cannabis market is also growing tremendously as many local companies are receiving EU-Good Manufacturing (GMP) certification, and countries are approving favorable legislation. This market also benefits from the favorable climate, low-cost labor, and construction costs, as they are very low as compared to North America.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=201768301
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), VIVO Cannabis Inc. (Canada), Tilary Inc. (US), Unrivaled Brand Inc. (US), HEXO Corp. (Canada), Medical Marijuana Inc. (US), The Cronos Group (Canada), Medmen Enterprise Inc. (US), Cresco Labs (US), Curaleaf Holdings Inc. (US), Organigram Holdings Inc. (Canada), Stenocare (Denmark), Trulieve (US), and Indiva (Canada).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=201768301
Browse Adjacent Reports:Food and Beverage Market Research Reports & Consulting
Related Reports:
Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, and CBD Hemp Oil), Application (Food, Beverages, Personal Care Products, Textiles, and Pharmaceuticals), Source (Organic and Conventional), and Region - Global Forecast to 2025
Cannabis Testing Market by Products & Software's (Instruments, Consumables, LIMS), Services (Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening), End-User (Cultivators, Laboratories, Research Institutes) -Global Forecast to 2025
Go here to read the rest:
Cannabis Market worth $82.3 billion by 2027 Exclusive Report by MarketsandMarkets - Benzinga
- 10 Best CBD Gummies (April 2024) Forbes Health - Forbes - April 14th, 2024 [April 14th, 2024]
- Best CBD for Seniors: Top 6 Options to Explore - Healthnews.com - April 14th, 2024 [April 14th, 2024]
- Green Acres CBD Gummies Review: Scam or Worth the Money? - The Daily World - April 14th, 2024 [April 14th, 2024]
- Best CBD for Sleep in 2024: Gummies, Oils and More - Healthline - April 14th, 2024 [April 14th, 2024]
- Can you fly with weed? Everything you should know ahead of 4/20 - The Points Guy - April 14th, 2024 [April 14th, 2024]
- 8 Best CBD Gummies for Anxiety in 2024 - Healthline - April 14th, 2024 [April 14th, 2024]
- Radiant Ease CBD Gummies Review (Scam or Legit?) What to Know First! - Bothell-Kenmore Reporter - April 14th, 2024 [April 14th, 2024]
- Oregon Mom Treated Teen Daughter's Liver Cancer with CBD Oil, Gets 90 Days in Jail - PEOPLE - March 2nd, 2024 [March 2nd, 2024]
- This CBD business's Amish CEO wants to make Lancaster a hemp haven - The Philadelphia Inquirer - March 2nd, 2024 [March 2nd, 2024]
- Companies Were Big on CBD. Not Anymore. - The New York Times - March 2nd, 2024 [March 2nd, 2024]
- Mom who treated daughter's cancer with CBD oil instead of chemo, surgery gets 90 days in jail - CTV News - March 2nd, 2024 [March 2nd, 2024]
- Oregon mom Christine Dixon who tried to treat teen daughter's cancer with CBD oil is sentenced to 90 days in p - Daily Mail - March 2nd, 2024 [March 2nd, 2024]
- Mom who treated daughters cancer with CBD oil instead of chemo, surgery gets 90 days in jail - KCTV 5 - March 2nd, 2024 [March 2nd, 2024]
- Oregon mom who treated daughters cancer with CBD oil instead of chemo, surgery gets 90 days in jail - Fox 12 Oregon - March 2nd, 2024 [March 2nd, 2024]
- Mom who treated daughters cancer with CBD oil instead of chemo, surgery gets 90 days in jail - KGNS - March 2nd, 2024 [March 2nd, 2024]
- 10 Best CBD Oils Of March 2024 Forbes Health - Forbes - March 2nd, 2024 [March 2nd, 2024]
- Mother treats daughter's liver cancer with CBD oil - FOX 26 Houston - March 2nd, 2024 [March 2nd, 2024]
- Mom who gave daughter CBD oil for cancer treatment sentenced - KGW.com - March 2nd, 2024 [March 2nd, 2024]
- Cannabis oil found to be effective treatment for canine discoid lupus erythematosus - Phys.org - March 2nd, 2024 [March 2nd, 2024]
- Mother treats daughter's liver cancer with CBD oil - Yahoo News - March 2nd, 2024 [March 2nd, 2024]
- Oregon Mom Is Now Going to Jail After Treating Young Daughter's Liver Cancer With CBD Oil - CafeMom - March 2nd, 2024 [March 2nd, 2024]
- Best CBD Tinctures for 2024 - Healthline - March 2nd, 2024 [March 2nd, 2024]
- Peak 8 CBD Gummies Reviews (Dr Oz Bliss Bites CBD Gummies THC) Hoax Or Real Peak 8 CBD Must Read & Where To Buy Peak 8? - The Week - March 2nd, 2024 [March 2nd, 2024]
- CBD and cycling: significant performance claims, but proceed with caution - CyclingWeekly - March 2nd, 2024 [March 2nd, 2024]
- Top 4 Benefits of Using CBD Oil - Emagazine.com - E/The Environmental Magazine - February 27th, 2024 [February 27th, 2024]
- The Top 8 CBD Brands of 2024: Tested by Healthline Editors - Healthline - February 27th, 2024 [February 27th, 2024]
- Florida CBD retailers worry statewide hemp legislation will crush them - Business Observer - February 27th, 2024 [February 27th, 2024]
- FIVE Palm Jumeirah has launched a CBD oil massage: here's what it's like... - What's On Dubai - February 27th, 2024 [February 27th, 2024]
- Slim CBD - Cannabis is increasingly used in weight management and fitness-related products - Trend Hunter - February 27th, 2024 [February 27th, 2024]
- What is full-spectrum CBD? Benefits, types, uses, and risks - TravelDailyNews International - TravelDailyNews International - February 27th, 2024 [February 27th, 2024]
- Greenville CBD retailers are clearing shelves amid crackdown on hemp products with THC - Greenville News - February 27th, 2024 [February 27th, 2024]
- 10 Best CBD Capsules For 2024 Forbes Health - Forbes - February 27th, 2024 [February 27th, 2024]
- CBD Store vs. CBD Dispensary : Which One is Better? - Qrius - February 27th, 2024 [February 27th, 2024]
- Curing Pets With Cannabis as Veterinarians Try CBD and THC - The New York Times - February 9th, 2024 [February 9th, 2024]
- Danish dog owners are medicating their pets with unlicensed cannabis products is it safe? - The Conversation - February 9th, 2024 [February 9th, 2024]
- Long-term CBD for dogs caused few health problems - PetfoodIndustry.com - February 9th, 2024 [February 9th, 2024]
- CBD Oil Market to grow by USD 5.36 billion from 2022 to 2027; Aurora Cannabis Inc. and BIOTA Biosciences LLC ... - PR Newswire - February 9th, 2024 [February 9th, 2024]
- Medallion Green CBD Gummies Reviews: Legit Shark Tank CBD Official? - Deccan Herald - February 9th, 2024 [February 9th, 2024]
- 10 Best CBD Creams Of 2024 Forbes Health - Forbes - February 9th, 2024 [February 9th, 2024]
- Is CBD Bedding Legit Or Just A Gimmick? The Experts And I Weigh In - Forbes - February 9th, 2024 [February 9th, 2024]
- Companies can't say Delta-9 is in their food or drinks in SC | Business - The Post and Courier - January 27th, 2024 [January 27th, 2024]
- Global CBD Consumer Health Market Analysis & Forecast 2024-2034: Government Reforms and Growing Awareness ... - GlobeNewswire - January 27th, 2024 [January 27th, 2024]
- More people are using CBD products. There's still little research on the benefits and risks - KPRC Click2Houston - December 16th, 2023 [December 16th, 2023]
- Naternal Review: Are These CBD Gummies & Oils Worth It? - mindbodygreen - December 16th, 2023 [December 16th, 2023]
- Pet Wellness Redefined: The Benefits of CBD Oil - Orange Fizz - December 16th, 2023 [December 16th, 2023]
- 6 CBD Oils for Joint Pain and Arthritis - Healthline - December 16th, 2023 [December 16th, 2023]
- 7 Best CBD Tinctures for Inflammation in 2023 - Healthline - December 16th, 2023 [December 16th, 2023]
- Vigor Vita CBD Gummies Reviews Beware! Is It Legit? - Carolina Huddle - December 16th, 2023 [December 16th, 2023]
- Green Vibe CBD Gummies Reviews SCAM EXPOSED in Real Consumer GreenVibe CBD Gummies Reports - Carolina Huddle - December 16th, 2023 [December 16th, 2023]
- Global CBD Market to Hit $36B Over Next Decade, Report Predicts - High Times - December 16th, 2023 [December 16th, 2023]
- Top 6 CBD Edibles to Buy Online in 2023 - Washington City Paper - December 16th, 2023 [December 16th, 2023]
- Cbd Products Fda Best Place To Buy Cbd Oil Gummies - University of New Haven - December 12th, 2023 [December 12th, 2023]
- Harmony Leaf CBD Gummies Review: Shocking Scam to Avoid or Legit Gummy? - Bellevue Reporter - December 12th, 2023 [December 12th, 2023]
- 14 Best CBD Lube and Arousal Gel Options of 2024 - Cosmopolitan - December 12th, 2023 [December 12th, 2023]
- Pain Relief Cbd Athlete - Choose the University of New Haven - University of New Haven - December 12th, 2023 [December 12th, 2023]
- Revive CBD Gummies Reviewed - Serious Warning Before Buy! | Vashon-Maury Island Beachcomber - Vashon-Maury Island Beachcomber - December 12th, 2023 [December 12th, 2023]
- When is the best time to take cbd oil in 2023? - DISCOVER Magazine - August 26th, 2023 [August 26th, 2023]
- Reasons For The Evolvement Of CBD Vape Oil In Modern Times - chimpreports.com - August 26th, 2023 [August 26th, 2023]
- Analyzing CBD studies: Health concerns, health claims, populations ... - Nutritional Outlook - August 26th, 2023 [August 26th, 2023]
- USDA Doubles The Number Of Hemp Professionals Serving On ... - Marijuana Moment - August 26th, 2023 [August 26th, 2023]
- I was a National Champion with the Florida Gators and played in NFL now I run my own CBD oil business... - The US Sun - August 26th, 2023 [August 26th, 2023]
- The ABCs of CBD: Cannabinoids in Dermatology and Skin Care - Dermatology Times - August 26th, 2023 [August 26th, 2023]
- Exploring the Connection: Does CBD Help with Depression and How? - babyboomers.com - August 26th, 2023 [August 26th, 2023]
- Hulk Hogan reveals why he quit drinking alcohol - Yahoo Eurosport UK - August 26th, 2023 [August 26th, 2023]
- Best Male Enhancement Gummies 2023: Compare the Top-Rated ... - Kirkland Reporter - August 26th, 2023 [August 26th, 2023]
- 'We are all we have': CBD business struggles - The Bay's News First - SunLive - August 26th, 2023 [August 26th, 2023]
- 8 Best CBD Oils For Cats With Anxiety - mindbodygreen - June 20th, 2023 [June 20th, 2023]
- CBD Oil Market to Reach USD 55,791.3 Million by 2028 | With - GlobeNewswire - June 20th, 2023 [June 20th, 2023]
- Using TLC-MS for the Direct Analysis of CBD - AZoM - June 20th, 2023 [June 20th, 2023]
- Cornbread Hemp Organic CBD Gummies Review - BusinessMole - June 20th, 2023 [June 20th, 2023]
- Revenant's Heaterz Infused Pre-rolls launching at all SWADE ... - Greenway - June 20th, 2023 [June 20th, 2023]
- Three people arrested and 400 cannabis plants seized at ... - The Isle of Thanet News - June 20th, 2023 [June 20th, 2023]
- Maya Jama in Bathing Suit Shares a Special Selfie - Celebwell - June 20th, 2023 [June 20th, 2023]
- ABSTRAX Releases White Paper That Details Its Role in Keeping ... - PR Web - June 20th, 2023 [June 20th, 2023]
- CBD For Inflammation: Does It Really Work? Forbes Health - Forbes - May 18th, 2023 [May 18th, 2023]
- CBDfx Review: We Tested 5 Top Products, Expert Reviewed | mindbodygreen - mindbodygreen - May 18th, 2023 [May 18th, 2023]
- 5 Benefits of CBD, According To Research & Experts - mindbodygreen - May 18th, 2023 [May 18th, 2023]
- CBD Oil Market size, Witness Highest Growth in near future by 2030 ... - Cottonwood Holladay Journal - May 18th, 2023 [May 18th, 2023]
- As Seen On TV: Fusion CBD Products Are Appearing On The Big ... - Herb.co - May 18th, 2023 [May 18th, 2023]
- An "Explosion" Of CBD Awesomeness, Or Just Another Dud ... - LA Weekly - May 18th, 2023 [May 18th, 2023]