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Global Cannabis Market Size, Share, Strategies, Trends & Report 2023-2030

Cannabis has been legalised globally for medical and therapeutic purposes in recent years, contributing to the industry’s consistent growth.

Cannabis is a drug that is cultivated, trafficked, and ingested on a global scale.

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The increasing recognition of cannabis’s potential medical uses, including the treatment of cancer, chronic diseases, and mental disorders, is expected to propel the cannabis market in the future years. Legalisation of cannabis in a number of nations, including Canada and Uruguay, is increasing consumer demand for the substance, which is anticipated to propel the cannabis market’s expansion in the coming years. Although the majority of nations have not yet legalised their use, the stance on sales and usage has become more lenient over time. With the progression of additional nations towards complete or partial legalisation, the cannabis sector would experience a favourable development.

The population is expected to experience mental stress, sleep disorders, insomnia, sleep apnea, and anxiety as a result of hectic lifestyles and strenuous jobs; this, in turn, is expected to fuel the expansion of the cannabis market in the coming years. In addition, the increasing demand for acute pain relief will contribute to the growth of cannabis’ market share in the coming years.

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The Global Cannabis Market is segmented based on product, application and region

Global Cannabis Market: Product Segment Analysis

● Flower

● Concentrates

● Others

Global Cannabis Market: Application Segment Analysis

● Medical

● Recreational Types

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The global Cannabis market profiles key players such as:

● Maricann Group, Inc

● Canopy Growth Corporation

● Aphria, Inc

● ABcann Medicinals, Inc

● Aurora Cannabis Inc

● Tilray

● The Cronos Group

● Organigram Holdings, Inc

● Tikun Olam

● Cannabis Science Inc

● VIVO Cannabis Inc

● Medical Marijuana, Inc


● Terra Tech Corp

● MedMen

An Examination of the Regional Cannabis Markets

In 2019, the North American cannabis market is anticipated to account for a significant portion of the market share. The region’s cannabis market is primarily propelled by the substantial demand for the product in nations like the United States and Canada. The increasing legalisation of cannabis in North America, both for medical and recreational use, coupled with consumers’ heightened awareness of the substance’s health benefits, is anticipated to significantly expand the cannabis market in the coming years.

In addition, the presence of major cannabis corporations such as Medical Marijuana Inc., Canopy Growth Corporation, and Aurora Cannabis Incorporation, which are continually investing and collaborating to manufacture innovative products to satisfy consumer demand, contributes to the expansion of the cannabis market.

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