Cannabis Market

Cannabis Market by Product Type (Flowers, Concentrates, Edibles, Topicals & Tinctures), Compound (THC-Dominant, CBD-Dominant, and Balanced THC & CBD), Application (Medical and Recreational), and Region (North America, South America, Europe and RoW) - Global Forecast to 2027

Report Code: FB 6762 Aug, 2022, by marketsandmarkets.com

[298 Pages Report] The global cannabis market size is estimated to be USD 22.5 billion in 2021 and is expected to reach USD 82.3 billion by 2027, at a CAGR of 24.3% from 2022 to 2026. Both medical and recreational cannabis market, is currently in the center of whirl of legalization globally. The North American region dominated the global cannabis market, owing to the growing legalization trends in most of the states in the US and the increase in usage of cannabis for recreational purposes. Furthermore, growing medical applications in cannabis, rising social acceptance of cannabis, introduction of new technologies, and increase in R&D and technological innovation are expected to drive the global market for cannabis in the forecasted period.

Cannabis Market

To know about the assumptions considered for the study, Request for Free Sample Report

Cannabis Market Dynamics

Drivers: Growth in Research & Development activities and technological innovation

As the cultivation and consumption of cannabis are growing rapidly in many countries across the globe, technological innovation is also getting restructured for the efficient development of cannabis-based products. As more countries are seeking to legalize the medical use of cannabis, technological involvement is also becoming a crucial part of the development of cannabis. Traditionally, cannabis growers were mainly focused on minimal processing of the plant. However, due to technological innovations, growers are now focusing on manufacturing edibles, capsules, oils for vaping, and gummies.

Additionally, technologies like artificial intelligence, and genetic engineering are revolutionizing the cannabis industry for the good. Artificial Intelligence is big splash in the cannabis industry. With AI, growers can optimize for environmental changes and even manipulate the strains of the product. They can also adapt to the desired CBD level and change the genetic makeup of the plants to produce the types of strains that sell best. AI also aids in the efficient and timely delivery of crops. Many startups are exploring how they can use this technology to improve their ability to ship product across the country. Eaze, a California-based company, uses technology to provide cannabis deliveries via an app. They assist medical marijuana retailers in forecasting supply and demand and changing inventory and delivery based on the information by leveraging user data. Cannabase, another company, uses analytics to help businesses anticipate cannabis market trends, price changes, and volume fluctuations. Prices in the cannabis industry are likely to fall as competition grows, making it more important than ever for businesses to use big data to gain insight into competitors, choose the right sales techniques, and target the right markets. Moreover, genetic engineering is also making its way in the industry. One such example can be of CanBreed which is performing Crispr editing to develop seeds.

Restraints: Problems associated with high-dose cannabis consumption

Legalizing cannabis has advantages in terms of expanding employment opportunities and generating more tax revenue, but it also raises the risk of cannabis overdose. Anxiety or panic attacks are some of the short-term side effects of overdosing, while heart arrhythmia and mental health issues are long-term side effects. Cannabis poisoning, or temporary negative effects from consuming too much cannabis at once, is also a possibility.

As different forms of cannabis are available such as capsules, oils, a range of different edibles and vaporizers. The edibles may pose greater risk of overdose as it takes time to show effects, which increases chances of accidentally consumption of high dose of such edibles. Also dabbing is also known to possess serious heath implication when overdone. Due to these negative health effects many countries are not legalizing cannabis and hence affecting overall cannabis market growth.

Opportunities: Cannabis infused edibles offer better opportunities for the cannabis market growth

Robust growth in the global demand for cannabis has further propelled the need to develop better. This need has, in turn, led to several companies coming up with R&D, which extensively looks into several genetic improvement strategies for cannabis. One of the biggest opportunities for manufacturers is to produce low-dosage edible product, for consumers who want medical cannabis without psychoactive effects. In addition, low-dose edibles are a perfect product line to attract new consumers into the cannabis market since micro-dosing allows them to have control recreational consumption.

The healing benefits of cannabidiol (CBD) make it more lucrative for demand for both health and wellness objectives, and it is a significant driver driving cannabis market expansion. The CBD sector is rapidly evolving, as are CBD-infused edibles. The increased social acceptance of cannabis is driving the rise of the cannabis-infused consumable products market. The growing popularity of recreational marijuana has given rise to CBD-infused products like confectionary and bakery products. CBD oil in the edible form is in high demand. CBD oil users expect sophisticated, discrete, and appealing methods of consuming their CBD supplements, creating a plethora of options to sell CBD edibles in a variety of formats such as beverage, gummies and chocolate. Despite the fact that there are a lot of established players in the field, there is still plenty of room for smaller enterprises to establish a firm foothold. In 2018, LDN CBD, for example, created the UK's first CBD oil edibles and related items business.

Challenges: Intensive water consumption during cultivation of cannabis

Energy and consistency play a vital role in the cultivation of cannabis plants. Cannabis is one of the major energy-intensive crops grown in most states in the US and other parts of the world. A huge amount of water and light is required, along with specialized climate-control equipment for indoor and outdoor growing of plant to maximize the output. The huge water demand leads to water pollution and diversion, which could negatively impact the ecosystem. It could also directly contribute to soil erosion. However, cannabis plants have the ability to absorb as well as store heavy metals. Energy cost can add up to 50% of the wholesale price, and this percentage is expected to grow higher, owing to the continuous declining of cannabis prices. To overcome these challenges, Israel focused on innovative farming techniques that could reduce energy inputs also technologies such as precision irrigation can reduce water consumption, and application of tools such as life cycle analysis could advance the understanding of environmental impacts of cannabis cultivation.

Outdoor cultivation of cannabis is the original method of cultivation. Although with low costs, improper soil, water resources management and pest control may induce critical environmental issues. On the contrary, indoor cultivation (including greenhouse cultivation) enables full control over all these aspects, such as light and temperature, but is constrained by higher costs, energy demand, and associated environmental implications. The consistency of cannabis products plays a vital role in the production of medical applications. It is very challenging for the growers to grow large numbers of plants with the same composition. This is majorly required by the doctors for prescribing a dosage of specific cannabinoid, and need a consistent, reliable product. Furthermore, testing of cannabis also poses challenges for cannabis growers. The plant should be rigorously tested to determine the quantity of THC and CBD compound present in the plant required for medical applications. To overcome this challenge portable and remote testing system is expected to gain an important edge in the cannabis market.

In the Subsequent Years, the Increased Popularity of Edibles will help in the Growth of the Cannabis Business

Cannabis edibles are cannabis-infused food or drink products that have a longer, more intense effect than other cannabis products. Cannabis edibles go through a careful process when being created for consumption. To help promote the safe use of the product, the level of THC in the product must be at a safe level. For example, THC is infused into either canna-butter or canna-oil when the baked products are made. Canna-butter can be used in place of regular butter, and canna-oil can be combined with any other cooking oil.

Consumers, globally, are increasingly looking at adopting cannabis-infused products, which have been further driving food & beverage manufacturers to venture into the category. A cannabis-infused beverage is a type of THC and/or CBD-infused product that is becoming increasingly popular. They come in a variety of types, including coffee, kombucha, soft drinks, non-alcoholic beer and wine, and more, also they're easier to consume in a social setting. Molson Coors (US) has formed a joint venture with HEXO Corp (Canada), named Truss Beverages, to explore non-alcoholic cannabis infused beverages for the Canadian market. Canopy Growth Corporation (Canada), one of the leading cannabis brands in Canada, offers cannabis-infused beverage products through its brand, Tweed. According to the company, cannabis-infused chocolates are most popular in this category of products and demanded by the consumers. These market advancements are further expected to boost the cannabis market growth for this segment during the forecast period.

Vapes are Becoming Increasingly Popular Among Marijuana Customers

Vapes are becoming increasingly popular among marijuana customers in the United States who are looking for more potent goods. For Medmen Enterprises Inc., headquartered in United States, vapes were the second-largest revenue category after flower. Vapor pen in the vapes category is a popular choice among consumers. The great bulk of vapor pen sales were made up of cartridges. Furthermore, disposable vapes are becoming increasingly popular as users seek out discreet and convenient solutions. Rising customer demand occurs despite environmental concerns, as disposable Vapes are an environmental concern, yet producers are producing them due to increased demand. Despite their popularity, vapes contribute significantly to the market's non-hazardous waste problems. Some companies and governments have taken note, and in July 2022, Fernway (US), Massachusetts' best-selling legal cannabis vape brand, launched the Fernway Recycling Program, a first-of-its-kind green initiative. The Fernway Recycling Program is the first cannabis vape hardware recycling program in Massachusetts. Customers who purchase a Fernway Traveler from a licensed dispensary can return it to the store and through its collaboration with GAIACA (US), a fully licensed, compliant cannabis waste management company, the company then coordinates the retrieval and recycling of empty Travelers.

The North American Cannabis Market is Primarily Driven by Growth in the US and Canadian Markets

The year 2020 was year of opportunities and several challenges for North American cannabis industry. The US vape crisis which leads to ban and defamation of vape products in some states of US and Canada. In February 18, 2020, 2,807 individuals were hospitalized due to vaping product use-associated lung injury (EVALI) from 50 states, the District of Columbia, and two U.S. territories (Puerto Rico and U.S. Virgin Islands). Cannabis 2.0 was launched to bring a wave of growth in the industry but due to some technical issues with products and lack of consumers demand at that time, it started slow. During COVID-19 lockdown there was growth in sales of cannabis as consumer purchased it to treat their anxiety and boredom.

The US is the largest cannabis market in North America. The market has been witnessing legalization for both medical and recreational cannabis in several US states. As of 2022, 37 states and district of Columbia have approved the legal use of medical cannabis, whereas 21 have legalized the recreational or adult use of cannabis. This is majorly due to the growing awareness among consumers about the medical benefits of cannabis and a general perception of it being safer than alcohol. With the increasing number of states legalizing cannabis, it is creating several opportunities for the players operating in cannabis market. With the growth of mega-mergers, high-value investments, and sales, the industry continues to mature. Tilray (is a global pharmaceutical, cannabis-lifestyle and consumer packaged goods company) purchased Aphria (it is an international producer and distributor of medicinal and recreational cannabis) with USD 2.4 billion in April. Trulieve (it is a vertically integrated cannabis company) USD 2.3 billion acquired Harvest Health and Recreation (it operates as a medical cannabis company) in October. Several petition drives and legislative efforts for medical marijuana programs are also underway in states such as Kansas, Nebraska, North Carolina and South Carolina.

Cannabis Market by NA Region

To know about the assumptions considered for the study, download the pdf brochure

Key Market Players

Key players in cannabis market include 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).

Cannabis Market Report Scope

Report Criterion

Details

Market size value in 2021

US$ 22.5 billion

Market size value in 2022

US$ 27.7 billion

Projected to Reach 2027

US$ 82.3 billion

Market size estimation

2022–2027

Base year considered

2021

Forecast period considered

2022–2027

CAGR Value

24.3%

Growing Demand

Medical and Recreational Cannabis

Units considered

Value (USD), Volume (TONS)

Segments covered

Product Type, Application, Compound, and Region

Regions covered

North America, South America, Europe, and RoW

Companies studied

  • Canopy Growth Corporation (Canada)
  • Aurora Cannabis Inc. (Canada)
  • Medmen Enterprise Inc. (US)
  • Tilary Inc. (US)
  • Unrivaled Brand Inc. (US)
  • VIVO Cannabis Inc. (Canada)
  • The Cronos Group (Canada)
  • Medical Marijuana Inc. (US)
  • Stenocare (Denmark)
  • Trulieve (US)
  • Organigrams Holding Inc. (Canada)
  • Cresco Labs (US)
  • Maricann Group Inc. (Canada)
  • Indiva (Canada)
  • Hexo Corp. (Canada)
  • Ecofibre Limited (Australia)
  • Curaleaf Holdings Inc. (US)
  • Harvest Health and Recreation (US)
  • Green Thumb Industries (US)
  • TerrAscend (Canada)

Target Audience:

  • Cannabis growers
  • Cannabis product manufacturers
  • Cannabis importers and exporters
  • Cannabis traders, distributors, and suppliers
  • Government and research organizations
  • Associations, regulatory bodies, and other industry-related bodies:
    • Food and Drug Administration (FDA)
    • United States Department of Agriculture (USDA)
    • Federal Institute for Drugs and Medical Devices or Bundesinstitut fόr Arzneimittel und Medizinprodukte (BfArM)
    • Bureau for Medicinal Cannabis (BMC)
    • Health Canada
    • Federal Commission for the Protection against Sanitary Risks (COFEPRIS)
    • National Cannabis Industry Association (NCIA)
    • The European Medicinal Cannabis Association (EUMCA)
    • The National Association of Cannabis Businesses (NACB)
    • California Cannabis Industry Association
    • Australian Medical Cannabis Association
    • Israel Cannabis Association (ICA)

This research report categorizes the cannabis market, based on product type, application, compound, and region.

By Product Type

  • Flowers
  • Concentrates
  • Edibles
  • Topicals and Tinctures
  • Other Product Type

Other product types include vape, capsules, suppositories

By Application

  • Medical
  • Recreational

By Compound

  • Tetrahydrocannabinol (THC)-dominant
  • Cannabidiol (CBD)-dominant
  • Balanced THC & CBD

By Region:

  • North America
  • South America
  • Europe
  • Rest of the World (RoW)

Recent Developments

  • In May 2022, Canopy Growth Corporation launched new flavors for their flavored cannabis infused carbonated drinks: orange orbit and the Grape. This launch increases the company’s product portfolio and delivering innovative products in cannabis market.
  • In March 2022, Martha Stewart, in collaboration with Canopy Growth Corporation and Marquee Brands, released 15-flavor CBD Wellness Gummies Sampler. This range of products provided the consumer with the wellness benefits of CBD.
  • In April 2021, Canopy Growth Corporation acquired Supreme Cannabis Company, which leads on to adding their premium brand 7acres to Canopy Growth Portfolio and the facilities of cultivating low-cost hybrid greenhouse cannabis. Due to this acquisition the company can reach more consumers through Supreme’s premium brands and high-quality products, further solidifying Canopy’s market leadership.
  • In May 2021, Aurora Cannabis Inc. launched the company’s own science & innovation business unit, which mainly focus on commercializing patents and patent technology, with the development of cannabinoid biosynthesis and plant genetics.
  • In March 2022, Tilray medicals announced their market entry in Malta and launches its first cannabis oil product in Malta. This will help company to expand its regional presence
  • In December 2021, Organigram Holdings Inc. acquired Laurentian Organics Incorporation, Canadian brand which is a craft cannabis licensed producer. It will help company in acquiring strong customer-based through this brand.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES
    1.2 CANNABIS MARKET DEFINITION
    1.3 STUDY SCOPE
           FIGURE 1 CANNABIS MARKET SEGMENTATION
           1.3.1 INCLUSIONS AND EXCLUSIONS
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2021
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA
           FIGURE 2 CANNABIS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS BY COMPANY TYPE, DESIGNATION,  AND REGION
    2.2 CANNABIS MARKET SIZE ESTIMATION
           FIGURE 4 CANNABIS MARKET SIZE ESTIMATION, BY TYPE (SUPPLY-SIDE)
           FIGURE 5 CANNABIS MARKET SIZE ESTIMATION (DEMAND-SIDE)
           2.2.1 CANNABIS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
                    FIGURE 6 CANNABIS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 CANNABIS MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                    FIGURE 7 CANNABIS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.4 ASSUMPTIONS
    2.5 RESEARCH LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 52)
    TABLE 2 CANNABIS MARKET SHARE SNAPSHOT, 2022 VS. 2027 (USD MILLION)
    FIGURE 9 CANNABIS MARKET SIZE, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
    FIGURE 10 CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 11 CANNABIS MARKET SIZE, BY COMPOUND, 2022 VS. 2027 (USD MILLION)
    FIGURE 12 CANNABIS MARKET SHARE AND GROWTH RATE (VALUE), BY REGION, 2021

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE OPPORTUNITIES IN CANNABIS MARKET
           FIGURE 13 GROWING MEDICINAL APPLICATIONS AND INCREASING LEGALIZATION OF CANNABIS CREATE OPPORTUNITIES IN CANNABIS MARKET
    4.2 CANNABIS MARKET: MAJOR REGIONAL SUBMARKETS
           FIGURE 14 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE GLOBALLY IN 2021
    4.3 NORTH AMERICA: CANNABIS MARKET,  BY COMPOUND AND COUNTRY
           FIGURE 15 IN 2021, US ACCOUNTED FOR LARGEST SHARE IN NORTH AMERICA
    4.4 CANNABIS MARKET, BY APPLICATION
           FIGURE 16 RECREATIONAL SEGMENT TO DOMINATE CANNABIS MARKET DURING FORECAST PERIOD
    4.5 CANNABIS MARKET, BY COMPOUND
           FIGURE 17 TETRAHYDROCANNABINOL (THC)-DOMINANT COMPOUND TO DOMINATE CANNABIS MARKET DURING FORECAST PERIOD
    4.6 CANNABIS MARKET, BY PRODUCT TYPE AND REGION
           FIGURE 18 NORTH AMERICA TO DOMINATE CANNABIS MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATORS
           5.2.1 INCREASE IN AGING POPULATION
                    FIGURE 19 INCREASING POPULATION OF INDIVIDUALS AGED 60 AND ABOVE (2021–2021)
           5.2.2 ECONOMIC DOWNTURN
                    FIGURE 20 UNEMPLOYMENT AS A PERCENTAGE OF TOTAL LABOR FORCE (2010–2021)
    5.3 CANNABIS MARKET DYNAMICS
           FIGURE 21 CANNABIS MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Rising cannabis demand for medicinal applications
                    5.3.1.2 Legalization of cannabis and rise in social acceptance
                               FIGURE 22 GLOBAL CANNABIS REGULATORY OVERVIEW INDICATING LEGALITY OF MEDICAL RECREATIONAL CANNABIS, 2020
                    5.3.1.3 Growth in R&D activities and technological advancements to be precursors for cannabis business
                    5.3.1.4 Rising global cannabis sales helping online retailers expand
           5.3.2 RESTRAINTS
                    5.3.2.1 Complex regulatory structure for use of cannabis
                    5.3.2.2 Problems associated with high dose of cannabis consumption
                    5.3.2.3 Stigmatization of the cannabis market
                    5.3.2.4 Profit margins of manufacturers shrinks as cannabis prices fall
                               FIGURE 23 AVERAGE SELLING PRICES OF CANNABIS, 2019–2022
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Emergence of cannabis legalization in Asia Pacific
                    5.3.3.2 Edibles, led by gummies and chocolates, to present additional growth opportunities for cannabis business
                    5.3.3.3 Inorganic growth strategies adopted by US cannabis companies
           5.3.4 CHALLENGES
                    5.3.4.1 Intensive water consumption and inability to maintain consistency during cannabis cultivation
                    5.3.4.2 Cannabis-producing businesses face financing difficulties in US
                    5.3.4.3 Advertising and marketing restrictions in US
                    5.3.4.4 Supply chain challenges associated with cannabis in US

6 INDUSTRY TRENDS (Page No. - 73)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN
           6.2.1 RESEARCH AND PRODUCT DEVELOPMENT
           6.2.2 RAW MATERIAL SOURCING
           6.2.3 PRODUCTION
           6.2.4 PACKAGING, STORAGE, AND DISTRIBUTION
           6.2.5 RETAIL
                    FIGURE 24 CANNABIS MARKET: VALUE CHAIN
    6.3 SUPPLY CHAIN ANALYSIS
           FIGURE 25 CANNABIS MARKET: SUPPLY CHAIN
    6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           6.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN CANNABIS MARKET
                    FIGURE 26 REVENUE SHIFT IMPACTING CANNABIS MARKET
    6.5 CANNABIS MARKET MAPPING AND ECOSYSTEM
           6.5.1 DEMAND-SIDE
           6.5.2 SUPPLY-SIDE
                    FIGURE 27 CANNABIS MARKET ECOSYSTEM MAP
           6.5.3 ECOSYSTEM MAP
                    TABLE 3 CANNABIS MARKET: ECOSYSTEM
    6.6 TECHNOLOGY ANALYSIS
           6.6.1 LED GLOW LIGHT
           6.6.2 NANOENCAPSULATION
           6.6.3 ARTIFICIAL INTELLIGENCE AND BLOCKCHAIN
                    FIGURE 28 PROCESSES TRACKED BY USING SEED-TO-SALE TRACKER
           6.6.4 CROP STEERING
           6.6.5 VERTICAL FARMING
           6.6.6 INNOVATIVE HARDWARE TECH DEVICES
           6.6.7 IOT AUTOMATION
           6.6.8 GENETIC ENGINEERING
    6.7 PRICING ANALYSIS
           6.7.1 SELLING PRICES CHARGED BY KEY PLAYERS IN TERMS OF PRODUCT TYPE
                    FIGURE 29 SELLING PRICES OF KEY PLAYERS FOR CANNABIS PRODUCT TYPE
                    TABLE 4 SELLING PRICE OF KEY PLAYERS FOR PRODUCT TYPE
                    FIGURE 30 AVERAGE SELLING PRICE IN KEY REGIONS, BY PRODUCT TYPE,  2018–2021 (USD/KG)
                    TABLE 5 FLOWER: AVERAGE SELLING PRICE, BY REGION, 2018–2021 (USD/KG)
                    TABLE 6 CONCENTRATES: AVERAGE SELLING PRICE, BY REGION, 2018–2021 (USD/KG)
                    TABLE 7 EDIBLES: AVERAGE SELLING PRICE, BY REGION, 2018–2021 (USD/KG)
                    TABLE 8 TOPICALS & TINCTURES: AVERAGE SELLING PRICE, BY REGION,  2018–2021 (USD/KG)
                    TABLE 9 OTHER PRODUCT TYPES: AVERAGE SELLING PRICE, BY REGION,  2018–2021 (USD/KG)
    6.8 CANNABIS MARKET: PATENT ANALYSIS
           FIGURE 31 NUMBER OF PATENTS GRANTED FOR THE CANNABIS MARKET, 2011–2021
           FIGURE 32 TOP PATENT APPLICANTS FOR THE CANNABIS MARKET, 2019–2022
           FIGURE 33 REGIONAL ANALYSIS OF PATENTS GRANTED FOR CANNABIS MARKET,  2019–2022
           6.8.1 LIST OF MAJOR PATENTS
                    TABLE 10 LIST OF A FEW PATENTS IN THE CANNABIS MARKET, 2019–2022
    6.9 TRADE ANALYSIS: CANNABIS MARKET
           6.9.1 EXPORT SCENARIO OF HEMP
                    FIGURE 34 HEMP EXPORT, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 11 EXPORT DATA OF HEMP FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
           6.9.2 IMPORT SCENARIO OF HEMP
                    FIGURE 35 HEMP IMPORT, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
                    TABLE 12 IMPORT DATA OF HEMP FOR KEY COUNTRIES, 2021 (VALUE AND VOLUME)
    6.10 CASE STUDIES: CANNABIS MARKET
           6.10.1 FILTER420: ATTEMPTS TO BUILD BRAND VALUE
           6.10.2 ONYX AGRONOMICS: PRECISION CANNABIS FACILITY
    6.11 KEY CONFERENCES AND EVENTS, 2022–2023
                    TABLE 13 KEY CONFERENCES AND EVENTS IN THE CANNABIS MARKET
    6.12 TARIFF AND REGULATORY LANDSCAPE
           6.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 16 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 17 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
           6.12.2 REGULATORY FRAMEWORK
                    FIGURE 36 GLOBAL CANNABIS REGULATORY OVERVIEW INDICATING LEGALITY OF MEDICAL RECREATIONAL CANNABIS, 2022
                    6.12.2.1 North America
                               FIGURE 37 US CANNABIS REGULATORY OVERVIEW, 2022
                               6.12.2.1.1 US
                                             6.12.2.1.1.1 Alaska-legalization measure approved in November 2014
                                             6.12.2.1.1.2 Arizona-legalization measure approved in November 2020
                                             6.12.2.1.1.3 California-legalization measure approved in November 2016
                                             6.12.2.1.1.4 Colorado-legalization measure approved in November 2012
                                             6.12.2.1.1.5 Connecticut-legalization measure approved in June 2021
                                             6.12.2.1.1.6 Guam-legalization measure approved in April 2019
                                             6.12.2.1.1.7 Illinois-legalization measure approved in May 2019
                                             6.12.2.1.1.8 Maine-legalization measure approved in November 2016
                                             6.12.2.1.1.9 Massachusetts-legalization measure approved in November 2016
                                             6.12.2.1.1.10 Michigan-legalization measure approved in November 2018
                                             6.12.2.1.1.11 Montana-legalization measure approved in January 2021
                                             6.12.2.1.1.12 New Jersey-legalization measure approved in November 2020
                                             6.12.2.1.1.13 New Mexico- legalization measure approved in April 2021
                                             6.12.2.1.1.14 New York-legalization measure approved in March 2021
                                             6.12.2.1.1.15 Oregon-legalization measure approved in November 2014
                                             6.12.2.1.1.16 Rhode Island-legalization measure approved in May 2022
                                             6.12.2.1.1.17 Vermont-legalization measure approved in January 2018
                                             6.12.2.1.1.18 Virginia-legalization measure approved in April 2021
                                             6.12.2.1.1.19 Washington-legalization measure approved in November 2012
                               6.12.2.1.2 Canada
                    6.12.2.2 Europe
                               6.12.2.2.1 German-legalization measure approved in 2017
                               6.12.2.2.2 Italy-legalization measure approved in 2014
                               6.12.2.2.3 Denmark-legalization measure approved in January 2018
                               6.12.2.2.4 Malta-legalization measure approved in January 2018
                               6.12.2.2.5 Netherlands-legalization measure approved in January 2013
                               6.12.2.2.6 France-legalization measure approved in March 2022
                               6.12.2.2.7 Switzerland
                               6.12.2.2.8 UK
                               6.12.2.2.9 Belgium
                                             6.12.2.2.10 Poland
                                             6.12.2.2.11 Czech Republic
                                             6.12.2.2.12 Spain
                                             6.12.2.2.13 Austria
                                             6.12.2.2.14 Norway
                                             6.12.2.2.15 Finland
                                             6.12.2.2.16 Croatia
                    6.12.2.3 South America
                               6.12.2.3.1 Chile-legalization measure approved in 2015
                               6.12.2.3.2 Colombia-legalization measure approved in 2015
                               6.12.2.3.3 Uruguay-legalization measure approved in December 2013
                    6.12.2.4 Rest of the world
                               6.12.2.4.1 Israel-legalization measure approved in December 2018
                               6.12.2.4.2 Australia-legalization measure approved in February 2016
                               6.12.2.4.3 Thailand
                               6.12.2.4.4 South Korea
                               6.12.2.4.5 Malaysia
                               6.12.2.4.6 South Africa
    6.13 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 18 CANNABIS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.13.1 DEGREE OF COMPETITION
           6.13.2 BARGAINING POWER OF SUPPLIERS
           6.13.3 BARGAINING POWER OF BUYERS
           6.13.4 THREAT OF SUBSTITUTES
           6.13.5 THREAT OF NEW ENTRANTS
    6.14 KEY STAKEHOLDERS AND BUYING CRITERIA
           6.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 38 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS
                    TABLE 19 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS (%)
           6.14.2 BUYING CRITERIA
                    FIGURE 39 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
                    TABLE 20 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR

7 CANNABIS MARKET, BY PRODUCT TYPE (Page No. - 110)
    7.1 INTRODUCTION
           FIGURE 40 CANNABIS MARKET SHARE (VALUE), BY PRODUCT TYPE, 2022 VS 2027
           TABLE 21 CANNABIS MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
           TABLE 22 CANNABIS MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
           TABLE 23 CANNABIS MARKET, BY PRODUCT TYPE, 2018–2021 (TONS)
           TABLE 24 CANNABIS MARKET, BY PRODUCT TYPE, 2022–2027 (TONS)
    7.2 FLOWERS
           7.2.1 AUTOMATION AND SUSTAINABLE PACKAGING TO BE KEY TRENDS IN PRE-ROLL DOMAIN
                    TABLE 25 FLOWERS: CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 26 FLOWERS: CANNABIS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 27 FLOWERS: CANNABIS MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 28 FLOWERS: CANNABIS MARKET SIZE, BY REGION, 2022–2027 (TONS)
    7.3 CONCENTRATES
           7.3.1 VARIOUS DELIVERY METHODS RESULTED IN CONSUMER-FRIENDLY CANNABIS CONCENTRATES MARKET
                    TABLE 29 CONCENTRATES: CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 30 CONCENTRATES: CANNABIS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 31 CONCENTRATES: CANNABIS MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 32 CONCENTRATES: CANNABIS MARKET SIZE, BY REGION, 2022–2027 (TONS)
    7.4 EDIBLES
           7.4.1 FOOD AND BEVERAGE MANUFACTURING COMPANIES VENTURE INTO CANNABIS-INFUSED EDIBLES
                    TABLE 33 EDIBLES: CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 34 EDIBLES: CANNABIS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 35 EDIBLES: CANNABIS MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 36 EDIBLES: CANNABIS MARKET SIZE, BY REGION, 2022–2027 (TONS)
    7.5 TOPICALS & TINCTURES
           7.5.1 TOPICALS WITNESS INCREASED DEMAND IN SKINCARE INDUSTRY
                    TABLE 37 TOPICALS & TINCTURES: CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 38 TOPICALS & TINCTURES: CANNABIS MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 39 TOPICALS & TINCTURES: CANNABIS MARKET, BY REGION, 2018–2021 (TONS)
                    TABLE 40 TOPICALS & TINCTURES: CANNABIS MARKET SIZE, BY REGION, 2022–2027 (TONS)
    7.6 OTHER PRODUCT TYPES
           TABLE 41 OTHER PRODUCT TYPES: CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 42 OTHER PRODUCT TYPES: CANNABIS MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 43 OTHER PRODUCT TYPES:CANNABIS MARKET, BY REGION, 2018–2021 (TONS)
           TABLE 44 OTHER PRODUCT TYPES: CANNABIS MARKETSIZE, BY REGION, 2022–2027 (TONS)

8 CANNABIS MARKET, BY COMPOUND (Page No. - 125)
    8.1 INTRODUCTION
           FIGURE 41 CANNABIS MARKET SHARE (VALUE), BY COMPOUND, 2022 VS 2027
           TABLE 45 CANNABIS MARKET, BY COMPOUND, 2018–2021 (USD MILLION)
           TABLE 46 CANNABIS MARKET, BY COMPOUND, 2022–2027 (USD MILLION)
    8.2 TETRAHYDROCANNABINOL (THC)-DOMINANT
           8.2.1 INCREASING LEGALIZATION OF RECREATIONAL CANNABIS PROPELS THC-DOMINANT CANNABIS MARKET
                    TABLE 47 THC-DOMINANT:CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 48 THC-DOMINANT: CANNABIS MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.3 CANNABIDIOL (CBD)-DOMINANT
           8.3.1 INCREASED POPULARITY OF CBD EDIBLES TO DRIVE CBD-DOMINANT CANNABIS PRODUCTS MARKET
                    TABLE 49 CBD-DOMINANT: CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 50 CBD-DOMINANT: CANNABIS MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.4 BALANCED THC & CBD
           8.4.1 BALANCED THC & CBD STRAINS WITNESS GROWTH AS CBD DIMINISHES PSYCHOACTIVE PROPERTIES OF THC
                    TABLE 51 BALANCED THC & CBD: CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 52 BALANCED THC & CBD: CANNABIS MARKET, BY REGION, 2022–2027 (USD MILLION)

9 CANNABIS MARKET, BY APPLICATION (Page No. - 131)
    9.1 INTRODUCTION
           FIGURE 42 CANNABIS MARKET SHARE (VALUE), BY APPLICATION, 2022 VS 2027
           TABLE 53 CANNABIS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 54 CANNABIS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    9.2 MEDICAL
           9.2.1 INCREASE IN CANNABIS USE FOR TREATMENT OF VARIOUS AILMENTS DRIVES DEMAND FOR MEDICAL CANNABIS
                    9.2.1.1 Pain management
                    9.2.1.2 Neurological health management
                    9.2.1.3 Mental health management
                    9.2.1.4 Other medical applications
                               TABLE 55 MEDICAL: CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 56 MEDICAL: CANNABIS MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.3 RECREATIONAL
           9.3.1 WIDER LEGALIZATION STATUS OF RECREATIONAL CANNABIS TO BOOST MARKET GROWTH
                    TABLE 57 RECREATIONAL: CANNABIS MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 58 RECREATIONAL: CANNABIS MARKET, BY REGION, 2022–2027 (USD MILLION)

10 CANNABIS MARKET, BY REGION (Page No. - 140)
     10.1 INTRODUCTION
               FIGURE 43 REGIONAL SNAPSHOT: NEW HOTSPOTS TO EMERGE IN EUROPE,  2022–2027
               TABLE 59 CANNABIS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
               TABLE 60 CANNABIS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
               TABLE 61 CANNABIS MARKET SIZE, BY REGION, 2018–2021 (TONS)
               TABLE 62 CANNABIS MARKET SIZE, BY REGION, 2022–2027 (TONS)
     10.2 NORTH AMERICA
               FIGURE 44 NORTH AMERICA: CANNABIS MARKET SNAPSHOT
               TABLE 63 NORTH AMERICA: CANNABIS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 64 NORTH AMERICA: CANNABIS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 65 NORTH AMERICA: CANNABIS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
               TABLE 66 NORTH AMERICA: CANNABIS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 67 NORTH AMERICA: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
               TABLE 68 NORTH AMERICA: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
               TABLE 69 NORTH AMERICA: CANNABIS MARKET SIZE, BY PRODUCT TYPE,  2018–2021 (USD MILLION)
               TABLE 70 NORTH AMERICA: CANNABIS MARKET SIZE, BY PRODUCT TYPE,  2022–2027 (USD MILLION)
               TABLE 71 NORTH AMERICA: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (TONS)
               TABLE 72 NORTH AMERICA: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (TONS)
             10.2.1 US
                       10.2.1.1 Increase in mergers, investments, and sales drive cannabis market in US
                                   TABLE 73 US: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 74 US: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.2.2 CANADA
                       10.2.2.1 Presence of major players in Canada boosts growth during forecast period
                                   TABLE 75 CANADA: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 76 CANADA: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.2.3 MEXICO
                       10.2.3.1 Medical cannabis used for epilepsy treatment boosts Mexican cannabis market growth
                                   TABLE 77 MEXICO: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 78 MEXICO: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
     10.3 EUROPE
               FIGURE 45 EUROPE: CANNABIS MARKET SNAPSHOT
               TABLE 79 EUROPE: CANNABIS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 80 EUROPE: CANNABIS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 81 EUROPE: CANNABIS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
               TABLE 82 EUROPE: CANNABIS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 83 EUROPE: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
               TABLE 84 EUROPE: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
               TABLE 85 EUROPE: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
               TABLE 86 EUROPE: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
               TABLE 87 EUROPE: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (TONS)
               TABLE 88 EUROPE: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (TONS)
             10.3.1 GERMANY
                       10.3.1.1 Health insurance coverage for cannabis use in medical treatments driving cannabis market
                                   TABLE 89 GERMANY: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 90 GERMANY: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.3.2 ITALY
                       10.3.2.1 Increase in demand for cannabis and issuance of import licenses to drive cannabis market
                                   TABLE 91 ITALY: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 92 ITALY: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.3.3 DENMARK
                       10.3.3.1 Huge demand for medical cannabis to drive Danish medical cannabis market
                                   TABLE 93 DENMARK: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 94 DENMARK: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.3.4 NETHERLANDS
                       10.3.4.1 Strong infrastructure and rise in export of medical cannabis to other countries drive cannabis market
                                   TABLE 95 NETHERLANDS: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 96 NETHERLANDS: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.3.5 FRANCE
                       10.3.5.1 Government providing finance to healthcare systems and refunds provided to patients
                                   TABLE 97 FRANCE: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 98 FRANCE: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.3.6 REST OF EUROPE
                       TABLE 99 REST OF EUROPE: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                       TABLE 100 REST OF EUROPE: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
     10.4 SOUTH AMERICA
               TABLE 101 SOUTH AMERICA: CANNABIS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 102 SOUTH AMERICA: CANNABIS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 103 SOUTH AMERICA: CANNABIS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
               TABLE 104 SOUTH AMERICA: CANNABIS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 105 SOUTH AMERICA: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
               TABLE 106 SOUTH AMERICA: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
               TABLE 107 SOUTH AMERICA: CANNABIS MARKET SIZE, BY PRODUCT TYPE,  2018–2021 (USD MILLION)
               TABLE 108 SOUTH AMERICA: CANNABIS MARKET SIZE, BY PRODUCT TYPE,  2022–2027 (USD MILLION)
               TABLE 109 SOUTH AMERICA: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (TONS)
               TABLE 110 SOUTH AMERICA: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (TONS)
             10.4.1 CHILE
                       10.4.1.1 Rise in consumption of cannabis for medical usage driving cannabis market
                                   TABLE 111 CHILE: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 112 CHILE: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.4.2 COLOMBIA
                       10.4.2.1 Increased cannabis license distribution to companies drives cannabis market
                                   TABLE 113 COLOMBIA: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 114 COLOMBIA: CANNABIS MARKETSIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.4.3 URUGUAY
                       10.4.3.1 Fully legalized cannabis industry with eased regulations drives cannabis market
                                   TABLE 115 URUGUAY: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 116 URUGUAY: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.4.4 REST OF SOUTH AMERICA
                                   TABLE 117 REST OF SOUTH AMERICA: CANNABIS MARKET SIZE, BY COMPOUND,  2018–2021 (USD MILLION)
FALSE
     10.5 ROW
               TABLE 119 ROW: CANNABIS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 120 ROW: CANNABIS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 121 ROW: CANNABIS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
               TABLE 122 ROW: CANNABIS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 123 ROW: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
               TABLE 124 ROW: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
               TABLE 125 ROW: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
               TABLE 126 ROW: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
               TABLE 127 ROW: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (TONS)
               TABLE 128 ROW: CANNABIS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (TONS)
             10.5.1 ISRAEL
                       10.5.1.1 Technical innovations and increased exports to drive cannabis market
                                   TABLE 129 ISRAEL: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 130 ISRAEL: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.5.2 AUSTRALIA
                       10.5.2.1 Surge in epilepsy, chronic pain, and cancer patients resulted in cannabis market growth
                                   TABLE 131 AUSTRALIA: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                                   TABLE 132 AUSTRALIA: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)
             10.5.3 OTHERS IN ROW
                       TABLE 133 OTHERS IN ROW: CANNABIS MARKET SIZE, BY COMPOUND, 2018–2021 (USD MILLION)
                       TABLE 134 OTHERS IN ROW: CANNABIS MARKET SIZE, BY COMPOUND, 2022–2027 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 176)
     11.1 OVERVIEW
     11.2 CANNABIS MARKET SHARE ANALYSIS, 2021
               TABLE 135 CANNABIS MARKET: DEGREE OF COMPETITION (FRAGMENTED)
     11.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS
               FIGURE 46 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS IN CANNABIS MARKET,  2017–2021 (USD MILLION)
     11.4 KEY PLAYER STRATEGIES
               TABLE 136 STRATEGIES ADOPTED BY KEY CANNABIS MANUFACTURERS
     11.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                       FIGURE 47 CANNABIS MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)
             11.5.5 PRODUCT FOOTPRINT
                       TABLE 137 COMPANY FOOTPRINT, BY APPLICATION
                       TABLE 138 COMPANY FOOTPRINT, BY TYPE
                       TABLE 139 COMPANY FOOTPRINT, BY REGION
                       TABLE 140 OVERALL COMPANY FOOTPRINT
     11.6 CANNABIS MARKET: EVALUATION QUADRANT FOR STARTUPS/SMES, 2021
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 STARTING BLOCKS
             11.6.3 RESPONSIVE COMPANIES
             11.6.4 DYNAMIC COMPANIES
                       FIGURE 48 CANNABIS MARKET: COMPANY EVALUATION QUADRANT,  2021 (STARTUPS/SMES)
             11.6.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
                       TABLE 141 CANNABIS MARKET: DETAILED LIST OF KEY STARTUP/SMES
                       TABLE 142 CANNABIS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.7 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS
             11.7.1 PRODUCT LAUNCHES
                       TABLE 143 CANNABIS: PRODUCT LAUNCHES, 2019–2022
             11.7.2 DEALS
                       TABLE 144 CANNABIS: DEALS, 2019–2022
             11.7.3 OTHERS
                       TABLE 145 CANNABIS: OTHERS, 2019–2022

12 COMPANY PROFILES (Page No. - 193)
     12.1 INTRODUCTION
     12.2 KEY PLAYER
(Business overview, Products/Solutions/Services offered, Recent developments, New product launches, Deals, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats)*
             12.2.1 CANOPY GROWTH CORPORATION
                       TABLE 146 CANOPY GROWTH CORPORATION: BUSINESS OVERVIEW
                       FIGURE 49 CANOPY GROWTH CORPORATION: COMPANY SNAPSHOT
                       TABLE 147 CANOPY GROWTH CORPORATION: PRODUCTS OFFERED
                       TABLE 148 CANOPY GROWTH CORPORATION: NEW PRODUCT LAUNCHES
                       TABLE 149 CANOPY GROWTH CORPORATION: DEALS
                       TABLE 150 CANOPY GROWTH CORPORATION: OTHERS
             12.2.2 CURALEAF
                       TABLE 151 CURALEAF: BUSINESS OVERVIEW
                       FIGURE 50 CURALEAF: COMPANY SNAPSHOT
                       TABLE 152 CURALEAF: PRODUCTS OFFERED
                       TABLE 153 CURALEAF: NEW PRODUCT LAUNCHES
                       TABLE 154 CURALEAF: DEALS
                       TABLE 155 CURALEAF: OTHERS
             12.2.3 CRESCO LABS
                       TABLE 156 CRESCO LABS: BUSINESS OVERVIEW
                       FIGURE 51 CRESCO LABS: COMPANY SNAPSHOT
                       TABLE 157 CRESCO LABS: PRODUCTS OFFERED
                       TABLE 158 CRESCO LABS: NEW PRODUCT LAUNCHES
                       TABLE 159 CRESCO LABS: DEALS
                       TABLE 160 CRESCO LABS: OTHERS
             12.2.4 GREEN THUMB INDUSTRIES
                       TABLE 161 GREEN THUMB INDUSTRIES: BUSINESS OVERVIEW
                       FIGURE 52 GREEN THUMB INDUSTRIES: COMPANY SNAPSHOT
                       TABLE 162 GREEN THUMB INDUSTRIES: PRODUCTS OFFERED
                       TABLE 163 GREEN THUMB INDUSTRIES: DEALS
                       TABLE 164 GREEN THUMB INDUSTRIES: OTHERS
             12.2.5 TILRAY
                       TABLE 165 TILRAY: BUSINESS OVERVIEW
                       FIGURE 53 TILRAY: COMPANY SNAPSHOT
                       TABLE 166 TILRAY INC: PRODUCTS OFFERED
                       TABLE 167 TILRAY: NEW PRODUCT LAUNCHES
                       TABLE 168 TILRAY: DEALS
                       TABLE 169 TILRAY: OTHERS
             12.2.6 TRULIEVE
                       TABLE 170 TRULIEVE: BUSINESS OVERVIEW
                       FIGURE 54 TRULIEVE: COMPANY SNAPSHOT
                       TABLE 171 TRULIEVE: PRODUCTS OFFERED
                       TABLE 172 TRULIEVE: DEALS
                       TABLE 173 TRULIEVE: OTHERS
             12.2.7 AURORA CANNABIS INC.
                       TABLE 174 AURORA CANNABIS INC.: BUSINESS OVERVIEW
                       FIGURE 55 AURORA CANNABIS INC.: COMPANY SNAPSHOT
                       TABLE 175 AURORA CANNABIS INC.: PRODUCTS OFFERED
                       TABLE 176 AURORA CANNABIS INC.: NEW PRODUCT LAUNCHES
                       TABLE 177 AURORA CANNABIS INC.: DEALS
                       TABLE 178 AURORA CANNABIS INC.: OTHERS
             12.2.8 MEDMEN
                       TABLE 179 MEDMEN: BUSINESS OVERVIEW
                       FIGURE 56 MEDMEN: COMPANY SNAPSHOT
                       TABLE 180 MEDMEN: PRODUCTS OFFERED
                       TABLE 181 MEDMEN: OTHERS
             12.2.9 UNRIVALED BRAND INC.
                       TABLE 182 UNRIVALED BRAND INC.: BUSINESS OVERVIEW
                       FIGURE 57 UNRIVALED BRAND INC.: COMPANY SNAPSHOT
                       TABLE 183 UNRIVALED BRAND INC.: PRODUCTS OFFERED
                       TABLE 184 UNRIVALED BRAND INC.: DEALS
                       TABLE 185 UNRIVALED BRAND INC.: OTHERS
             12.2.10 ORGANIGRAM HOLDINGS INC.
                        TABLE 186 ORGANIGRAM HOLDINGS INC.: BUSINESS OVERVIEW
                        FIGURE 58 ORGANIGRAM HOLDINGS INC.: COMPANY SNAPSHOT
                        TABLE 187 ORGANIGRAM HOLDINGS INC.: PRODUCTS OFFERED
                        TABLE 188 ORGANIGRAM HOLDINGS INC.: PRODUCT LAUNCH
                        TABLE 189 ORGANIGRAM HOLDINGS INC.: DEALS
                        TABLE 190 ORGANIGRAM HOLDINGS INC.: OTHERS
             12.2.11 STENOCARE
                        TABLE 191 STENOCARE: BUSINESS OVERVIEW
                        FIGURE 59 STENOCARE: COMPANY SNAPSHOT
                        TABLE 192 STENOCARE: PRODUCTS OFFERED
                        TABLE 193 STENOCARE: DEALS
                        TABLE 194 STENOCARE: OTHERS
             12.2.12 VIVO CANNABIS INC.
                        TABLE 195 VIVO CANNABIS INC.: BUSINESS OVERVIEW
                        FIGURE 60 VIVO CANNABIS INC.: COMPANY SNAPSHOT
                        TABLE 196 VIVO CANNABIS INC.: PRODUCTS OFFERED
                        TABLE 197 VIVO CANNABIS INC.: NEW PRODUCT LAUNCHES
                        TABLE 198 VIVO CANNABIS INC.: DEALS
                        TABLE 199 VIVO CANNABIS INC.: OTHERS
             12.2.13 TERRASCEND
                        TABLE 200 TERRASCEND: BUSINESS OVERVIEW
                        FIGURE 61 TERRASCEND: COMPANY SNAPSHOT
                        TABLE 201 TERRASCEND: PRODUCTS OFFERED
                        TABLE 202 TERRASCEND: DEALS
                        TABLE 203 TERRASCEND: OTHERS
             12.2.14 HEXO CORP
                        TABLE 204 HEXO CORP: BUSINESS OVERVIEW
                        FIGURE 62 HEXO CORP: COMPANY SNAPSHOT
                        TABLE 205 HEXO CORP: PRODUCTS OFFERED
                        TABLE 206 HEXO CORP: NEW PRODUCT LAUNCHES
                        TABLE 207 HEXO CORP: DEALS
                        TABLE 208 HEXO CORP: OTHERS
             12.2.15 VILLAGE FARMS INTERNATIONAL INC.
                        TABLE 209 VILLAGE FARMS INTERNATIONAL INC.: BUSINESS OVERVIEW
                        FIGURE 63 VILLAGE FARMS INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 210 VILLAGE FARMS INTERNATIONAL INC.: PRODUCTS OFFERED
                        TABLE 211 VILLAGE FARMS INTERNATIONAL INC.: OTHERS
             12.2.16 VERANO
                        TABLE 212 VERANO: BUSINESS OVERVIEW
                        FIGURE 64 VERANO: COMPANY SNAPSHOT
                        TABLE 213 VERANO: PRODUCTS OFFERED
                        TABLE 214 VERANO: DEALS
                        TABLE 215 VERANO: OTHERS
     12.3 OTHER PLAYERS (SMES/STARTUPS)
             12.3.1 THE CRONOS GROUP
                       TABLE 216 THE CRONOS GROUP: BUSINESS OVERVIEW
                       FIGURE 65 THE CRONOS GROUP: COMPANY SNAPSHOT
                       TABLE 217 THE CRONOS GROUP: PRODUCTS OFFERED
                       TABLE 218 THE CRONOS GROUP: DEALS
                       TABLE 219 THE CRONOS GROUP: OTHERS
             12.3.2 MEDICAL MARIJUANA, INC.
                       TABLE 220 MEDICAL MARIJUANA, INC.: BUSINESS OVERVIEW
                       FIGURE 66 MEDICAL MARIJUANA, INC.: COMPANY SNAPSHOT
                       TABLE 221 MEDICAL MARIJUANA, INC.: PRODUCTS OFFERED
                       TABLE 222 MEDICAL MARIJUANA, INC.: NEW PRODUCT LAUNCHES
                       TABLE 223 MEDICAL MARIJUANA, INC.: DEALS
                       TABLE 224 MEDICAL MARIJUANA, INC.: OTHERS
             12.3.3 ECOFIBRE LIMITED
                       TABLE 225 ECOFIBRE LIMITED: BUSINESS OVERVIEW
                       FIGURE 67 ECOFIBRE LIMITED: COMPANY SNAPSHOT
                       TABLE 226 ECOFIBRE LIMITED: PRODUCTS OFFERED
                       TABLE 227 ECOFIBRE LIMITED: OTHERS
             12.3.4 INDIVA
                       TABLE 228 INDIVA: BUSINESS OVERVIEW
                       FIGURE 68 INDIVA: COMPANY SNAPSHOT
                       TABLE 229 INDIVA: PRODUCTS OFFERED
                       TABLE 230 INDIVA: NEW PRODUCT LAUNCHES
                       TABLE 231 INDIVA: DEALS
                       TABLE 232 INDIVA: OTHERS
             12.3.5 TIKUN OLAM-CANNBIT PHARMACEUTICALS LTD.
                       TABLE 233 TIKUN OLAM-CANNBIT PHARMACEUTICALS LTD.: BUSINESS OVERVIEW
                       TABLE 234 TIKUN OLAM-CANNBIT PHARMACEUTICALS LTD.: PRODUCTS OFFERED
             12.3.6 MARICANN GROUP INC
                       TABLE 235 MARICANN GROUP INC: BUSINESS OVERVIEW
                       TABLE 236 MARICANN GROUP INC: PRODUCTS OFFERED
             12.3.7 SATIPHARM
             12.3.8 CANNABLISS ORGANIC LLC
             12.3.9 CONNECTED CANNABIS CO.
             12.3.10 JUSTICE CANNABIS CO.
             12.3.11 HENRY'S ORIGINAL

*Details on Business overview, Products/Solutions/Services offered, Recent developments, New product launches, Deals, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 290)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     13.3 CUSTOMIZATIONS OFFERED
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

This research involves the extensive use of secondary sources; directories; and databases, such as the Food and Drug Administration (FDA), Bureau for Medicinal Cannabis (BMC), National Cannabis Industry Association (NCIA), The European Medicinal Cannabis Association (EUMCA), Bloomberg, and Factiva, to identify and collect information useful for a technical, market-oriented, and commercial study of the cannabis market. In-depth interviews were conducted with various primary respondents, such as key industry participants, Subject Matter Experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and to assess prospects.

Secondary Research

In the secondary research process, various sources, such as the Food and Drug Administration (FDA), Bureau for Medicinal Cannabis (BMC), National Cannabis Industry Association (NCIA), The European Medicinal Cannabis Association (EUMCA), were referred to identify and collect information for this study. The secondary sources also include medical journals, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.

Secondary research was mainly conducted to obtain critical information about the industry’s supply chain, the total pool of key players, and market classification & segmentation according to the industry trends to the bottom-most level and geographical markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The cannabis market comprises several stakeholders, including cannabis growers, end-product manufacturers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviewees from the supply-side include research institutions involved in R&D to introduce technology, distributors, wholesalers, importers & exporters of cannabis manufacturers and technology providers. Primary sources from the demand-side include key opinion leaders, executives, vice presidents, and CEOs through questionnaires, emails, and telephonic interviews.

Cannabis Market Primary Respondents

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the cannabis market. These approaches were extensively used to determine the size of the subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • Top-down approach:
    • The key industry and market players were identified through extensive secondary research.
    • The industry's supply chain and market size were determined through primary and secondary research.
    • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
    • The peer market—the cannabis devices market—was considered to validate further the market details of cannabis.
  • Bottom-up approach:
    • The market sizes were analyzed based on the share of each type of cannabis at regional and country levels. Thus, the global market was estimated with a bottom-up approach of the type at the country level.
    • Other factors include the penetration rate of cannabis in distinguished product types, such as edibles, flowers, concentrates; consumer awareness; and function trends; pricing trends; the adoption rate and price factors; patents registered; and organic and inorganic growth attempts.
  • All macroeconomic and microeconomic factors affecting the cannabis market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall cannabis market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define, segment, and project the global market for cannabis market on the basis of product type, application, compound, and region
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market and its submarkets, in terms of value with respect to the regions (along with the key countries)
  • To strategically profile the key players and comprehensively analyze their market position and core competencies
  • To analyze the competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & developments in cannabis market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.

  • Further breakdown of the Rest of European cannabis market, by key country
  • Further breakdown of the Rest of South America, by key country

Company Information

  • Detailed analyses and profiling of additional market players
Report Code
FB 6762
Published ON
Aug, 2022
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Cannabis Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback