Global Cannabis Market

Global Cannabis Market By Product Type (Edible Oils, Tincture, Capsules, Creams, CBD Extracts/Paste, Dry Herb, and Others), By Compound (Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant, and Balanced THC & CBD), By Application (Pain Management, Neurological Health Management, Mental Health Management, and Recreational), By Legality (Legal and Illegal), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: HC-63
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 35
  • No. Of Pages: 307
  • Format:
  • Pub. Date: 2020-07-23
  • Share:

Market Outlook:

The global cannabis market was valued at USD 11,683.3 Million in 2019 and is projected to reach USD 52,995.4 Million by 2027, expanding at a CAGR of 22.2% during the forecast period. Cannabis refers to a group of three plants, cannabis sativa, cannabis indicia, and cannabis ruderalis. These plants have psychoactive properties, and thus finds a wide range of applications. Major psychoactive constituent in cannabis is tetrahydrocannabinol (THC). Compounds which are structurally similar to THC are referred to as cannabinoids. The market is driven by factors such as increasing cannabis legalization in multiple countries, increasing awareness among consumers for medical use of cannabis, government focus on revenue generation through cannabis, and rising investment in research & development of cannabis compounds.

Global Cannabis Market Key Takeaways

Market Dynamics

Drivers
Cannabis Commercialization Boosting Cannabis Sales

Increasing commercialization of cannabis in various forms, including CBD, is propelling the growth of cannabis market. In 2018, after passing of Farm Bill in the US, hemp-derived CBD products were legalized. Initially, many companies did no partake in the cannabis market due to legal concerns; however, after the passage of the bill, large corporations have begun to commercializing and advertising CBD products, which in turn, has significantly increased the sales of cannabis. Moreover, with entrance of new players is expected to create growth opportunities in the near future. The legalization of cannabis has become a significant source of income for various states in the U.S. Furthermore, increasing cannabis legalization in various countries is projected to fuel market growth during the forecast period.

E-commerce Availability of Cannabis Products is Fueling Market Growth
Presently, many consumers prefer purchasing products online, due to the availability of offers and a wide variety of products. The sale of cannabis through e-commerce is becoming a viable option for market players, as more consumers are using cannabis products. Over the past decades, the cannabis market has witnessed multiple legal barriers that have restraints its expansion into the digital marketplace. However, various industries have become entered into partnerships with online companies to sell cannabis products, as more countries continue to legalize it. Various e-commerce players such as Amazon.com, Inc., Alibaba Group Holding Limited, and Walmart Inc. have started selling cannabis products through their websites, thus, propelling the growth of the cannabis market.

Restraints
Regulations and the Black Market

One of the biggest challenges in cannabis retailing is the regulatory framework, which restrict the number of licensed retail holders. In spite of being fully legalized country for cannabis, Canada have only two provinces where a licensed retail holder is allowed to practice e-Commerce. Regulations in Canada curtail marketing by banning distinctive packaging and celebrity endorsements, which makes it difficult for cannabis companies to build their brands and gain consumers. While legal cannabis is heavily regulated, the black market is not held up to the same level of scrutiny. Multiple black-market dispensaries are fully operational in Canada. The lack of law enforcement against black market dispensaries gives black market players the freedom to sell unsafe products while taking business away from legal cannabis companies.

Opportunities
Satisfactory Customer Service Registering for Legal Cannabis Companies
Legal cannabis companies are expected to edge out the black market through superior customer services. Availability of numerous strains of in the market, make it difficult for consumers to know how differentiate them. Customers who purchase through the black market are stuck with what their dealers provide, while legal cannabis companies are employing cutting-edge technology to educate and retain consumers. For example, cannabis retailers are employing artificial intelligence (AI) through apps such as Uppy, where medical cannabis consumers can journal the effects of different cannabis strains on their body. Based on consumer data, AI technology is able to provide consumers with personalized recommendations about which cannabis strains could work best for them. Thus, companies are expected to create lucrative opportunities through better customer services and technological advancement during the forecast period.

Segmental Outlook

On the basis of product type, the global cannabis market is bifurcated into edible oils, tincture, capsules, creams, CBD extracts/paste, dry herb, and others. The CBD extract/paste segment accounted for xx% share of the market in 2019. Increasing medical and industrial use of CBD extract/paste supports significant growth of this segment. The dry herb segment is estimated to hold 15.5% share of the market in 2020 owing to the Increasing awareness regarding health benefits of cannabis consumption among consumers.

Global Cannabis Market By Product Type

In terms of compound, the cannabis market is classified as tetrahydrocannabinol (THC)-dominant, cannabidiol (CBD)-dominant, and balanced THC & CBD. The balanced THC & CBD segment is anticipated to expand at a significant CAGR of 23.1% during the forecast period due to increasing R&D for the medical use of balanced THC & CBD.

Based on applications, the cannabis market is segregated into pain management, neurological health management, mental health management, and recreational. The mental health management segment is anticipated to expand at a significant CAGR of 22.2% during the forecast period. Increasing research & development on cannabis use for reducing stress and anxiety among consumers is expect to register growth opportunities for the mental health application segment.

Global Cannabis Market By Application

In terms of legality, the cannabis market is bifurcated as legal and illegal. The legal segment is anticipated to expand at a significant CAGR of 22.4% during the forecast period, as governments of various countries are extensively focusing on stopping the operation of illegal cannabis sales and implementing new laws on the legal sales of cannabis.

Regional Outlook

In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a promising region for the market. The region constituted 52.5% share of the market in 2019. The market in the region is projected to expand at a significant CAGR of 22.0% during the forecast period due increasing use of cannabis in medical application in the region. The market in Asia Pacific is projected to expand at a CAGR of 24.2%. Legalization of cannabis in multiple countries across the Asia Pacific and increasing online sales of cannabis products is expected to fuel market growth in this region.

Global Cannabis Market By Region

Competitive Landscape

  • Key players in the market include Acreage Holdings, Inc., Aphria Inc., Aurora Cannabis Inc., Canopy Growth Corporation, Cresco Labs Inc., Cronos Group Inc., Curaleaf, Inc., Green Thumb Industries Inc., GW Pharmaceuticals plc, Harvest Enterprises, Inc., HEXO Corp., MedMen Enterprises Inc., Organigram Holdings Inc., Tilray, Inc., and Trulieve Cannabis Corp. These companies are considered manufacturers of Cannabis based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the Cannabis extraction is added in the company’s capacity.
  • In April 2020, Canopy Growth Corporation announced the launch of its line of CBD Creams: Everyday, Motion, and Revitalize through its US-based CBD brand, First & Free. The creams are company’s addition to First & Free’s portfolio of hemp-derived CBD isolate products including oil drops and softgel capsules.
  • In April 2019, Aphria Inc. through its Germany-based subsidiary Aphria Deutschland GmbH had secured the previously announced license for the domestic cultivation of medical cannabis from the German Federal Institute for Drugs and Medical Devices (Bundesinstitut für Arzneimittel und Medizinprodukte, BfArM).

Global Cannabis Market By Manufacturer

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Cannabis Market
  • Historical, Current and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Cannabis Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cannabis Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Cannabis Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Cannabis Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Cannabis Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Cannabis Market Size & Forecast, 2017-2027
      4.5.1 Cannabis Market Size and Y-o-Y Growth
      4.5.2 Cannabis Market Absolute $ Opportunity
   4.6 Global Cannabis Market: Impact Of Key Regulations
Chapter 5 Global Cannabis Market Analysis and Forecast By Product Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Product Type
      5.1.2 Basis Point Share (BPS) Analysis By Product Type
      5.1.3 Absolute $ Opportunity Assessment By Product Type
   5.2 Cannabis Market Size Forecast By Product Type
      5.2.1 Edible Oils
      5.2.2 Tincture
      5.2.3 Capsules
      5.2.4 Creams
      5.2.5 Extracts/Paste
      5.2.6 Dry Herb
      5.2.7 Others
   5.3 Market Attractiveness Analysis By Product Type
Chapter 6 Global Cannabis Market Analysis and Forecast By Compound
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Compound
      6.1.2 Basis Point Share (BPS) Analysis By Compound
      6.1.3 Absolute $ Opportunity Assessment By Compound
   6.2 Cannabis Market Size Forecast By Compound
      6.2.1 Tetrahydrocannabinol (THC)-Dominant
                   6.2.1.1 THC Market Size, By Product Type
                   6.2.1.2 THC Market Size, By Application
      6.2.2 Cannabidiol (CBD)-Dominant
                   6.2.2.1 CBD Market Size, By Product Type
                   6.2.2.2 CBD Market Size, By Application
      6.2.3 Balanced THC & CBD
                   6.2.3.1 Balanced THC & CBD Market Size, By Product Type
                   6.2.3.2 Balanced THC & CBD Market Size, By Application
   6.3 Market Attractiveness Analysis By Compound
Chapter 7 Global Cannabis Market Analysis and Forecast By Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application
      7.1.2 Basis Point Share (BPS) Analysis By Application
      7.1.3 Absolute $ Opportunity Assessment By Application
   7.2 Cannabis Market Size Forecast By Application
      7.2.1 Pain Management
      7.2.2 Neurological Health Management
      7.2.3 Mental Health Management
      7.2.4 Recreational
   7.3 Market Attractiveness Analysis By Application

Chapter 8 Global Cannabis Market Analysis and Forecast By Legality
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Legality
      8.1.2 Basis Point Share (BPS) Analysis By Legality
      8.1.3 Absolute $ Opportunity Assessment By Legality
   8.2 Cannabis Market Size Forecast By Legality
      8.2.1 Legal
      8.2.2 Illegal
   8.3 Market Attractiveness Analysis By Legality
Chapter 9 Global Cannabis Market Analysis and Forecast by Region
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities by Region
      9.1.2 Basis Point Share (BPS) Analysis by Region
      9.1.3 Absolute $ Opportunity Assessment by Region
   9.2 Cannabis Market Size Forecast by Region
      9.2.1 North America
      9.2.2 Europe
      9.2.3 Asia Pacific
      9.2.4 Latin America
      9.2.5 Middle East & Africa (MEA)
   9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
   10.1 Introduction
   10.2 Current & Future Impact Analysis
   10.3 Economic Impact Analysis
   10.4 Government Policies
   10.5 Investment Scenario
Chapter 11 North America Cannabis Analysis and Forecast
   11.1 Introduction
   11.2 North America Cannabis Market Size Forecast by Country
      11.2.1 U.S.
                   11.2.1.1 By Product Type
                   11.2.1.2 By Compound
                   11.2.1.3 By Application
                   11.2.1.4 By Legality
      11.2.2 Canada

                   11.2.2.1 By Product Type
                   11.2.2.2 By Compound
                   11.2.2.3 By Application
                   11.2.2.4 By Legality
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 North America Cannabis Market Size Forecast By Product Type
      11.6.1 Edible Oils
      11.6.2 Tincture
      11.6.3 Capsules
      11.6.4 Creams
      11.6.5 Extracts/Paste
      11.6.6 Dry Herb
      11.6.7 Others
   11.7 Basis Point Share (BPS) Analysis By Product Type
   11.8 Absolute $ Opportunity Assessment By Product Type
   11.9 Market Attractiveness Analysis By Product Type
   11.10 North America Cannabis Market Size Forecast By Compound
      11.10.1 Tetrahydrocannabinol (THC)-Dominant
      11.10.2 Cannabidiol (CBD)-Dominant
      11.10.3 Balanced THC & CBD
   11.11 Basis Point Share (BPS) Analysis By Compound
   11.12 Absolute $ Opportunity Assessment By Compound
   11.13 Market Attractiveness Analysis By Compound
   11.14 North America Cannabis Market Size Forecast By Application
      11.14.1 Pain Management
      11.14.2 Neurological Health Management
      11.14.3 Mental Health Management
      11.14.4 Recreational
   11.15 Basis Point Share (BPS) Analysis By Application
   11.16 Absolute $ Opportunity Assessment By Application
   11.17 Market Attractiveness Analysis By Application
   11.18 North America Cannabis Market Size Forecast By Legality
      11.18.1 Legal
      11.18.2 Illegal
   11.19 Basis Point Share (BPS) Analysis By Legality
   11.20 Absolute $ Opportunity Assessment By Legality
   11.21 Market Attractiveness Analysis By Legality
Chapter 12 Europe Cannabis Analysis and Forecast
   12.1 Introduction
   12.2 Europe Cannabis Market Size Forecast by Country
      12.2.1 Germany

                   12.2.1.1 By Product Type
                   12.2.1.2 By Compound
                   12.2.1.3 By Application
                   12.2.1.4 By Legality
      12.2.2 France

                   12.2.2.1 By Product Type
                   12.2.2.2 By Compound
                   12.2.2.3 By Application
                   12.2.2.4 By Legality
      12.2.3 Italy

                   12.2.3.1 By Product Type
                   12.2.3.2 By Compound
                   12.2.3.3 By Application
                   12.2.3.4 By Legality
      12.2.4 U.K.

                   12.2.4.1 By Product Type
                   12.2.4.2 By Compound
                   12.2.4.3 By Application
                   12.2.4.4 By Legality
      12.2.5 Spain

                   12.2.5.1 By Product Type
                   12.2.5.2 By Compound
                   12.2.5.3 By Application
                   12.2.5.4 By Legality
      12.2.6 Russia

                   12.2.6.1 By Product Type
                   12.2.6.2 By Compound
                   12.2.6.3 By Application
                   12.2.6.4 By Legality
      12.2.7 Rest of Europe

                   12.2.7.1 By Product Type
                   12.2.7.2 By Compound
                   12.2.7.3 By Application
                   12.2.7.4 By Legality
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Europe Cannabis Market Size Forecast By Product Type
      12.6.1 Edible Oils
      12.6.2 Tincture
      12.6.3 Capsules
      12.6.4 Creams
      12.6.5 Extracts/Paste
      12.6.6 Dry Herb
      12.6.7 Others
   12.7 Basis Point Share (BPS) Analysis By Product Type
   12.8 Absolute $ Opportunity Assessment By Product Type
   12.9 Market Attractiveness Analysis By Product Type
   12.10 Europe Cannabis Market Size Forecast By Compound
      12.10.1 Tetrahydrocannabinol (THC)-Dominant
      12.10.2 Cannabidiol (CBD)-Dominant
      12.10.3 Balanced THC & CBD
   12.11 Basis Point Share (BPS) Analysis By Compound
   12.12 Absolute $ Opportunity Assessment By Compound
   12.13 Market Attractiveness Analysis By Compound
   12.14 Europe Cannabis Market Size Forecast By Application
      12.14.1 Pain Management
      12.14.2 Neurological Health Management
      12.14.3 Mental Health Management
      12.14.4 Recreational
   12.15 Basis Point Share (BPS) Analysis By Application
   12.16 Absolute $ Opportunity Assessment By Application
   12.17 Market Attractiveness Analysis By Application
   12.18 Europe Cannabis Market Size Forecast By Legality
      12.18.1 Legal
      12.18.2 Illegal
   12.19 Basis Point Share (BPS) Analysis By Legality
   12.20 Absolute $ Opportunity Assessment By Legality
   12.21 Market Attractiveness Analysis By Legality
Chapter 13 Asia Pacific Cannabis Analysis and Forecast
   13.1 Introduction
   13.2 Asia Pacific Cannabis Market Size Forecast by Country
      13.2.1 China

                   13.2.1.1 By Product Type
                   13.2.1.2 By Compound
                   13.2.1.3 By Application
                   13.2.1.4 By Legality
      13.2.2 Japan

                   13.2.2.1 By Product Type
                   13.2.2.2 By Compound
                   13.2.2.3 By Application
                   13.2.2.4 By Legality
      13.2.3 South Korea

                   13.2.3.1 By Product Type
                   13.2.3.2 By Compound
                   13.2.3.3 By Application
                   13.2.3.4 By Legality
      13.2.4 India

                   13.2.4.1 By Product Type
                   13.2.4.2 By Compound
                   13.2.4.3 By Application
                   13.2.4.4 By Legality
      13.2.5 Australia

                   13.2.5.1 By Product Type
                   13.2.5.2 By Compound
                   13.2.5.3 By Application
                   13.2.5.4 By Legality
      13.2.6 South East Asia (SEA)

                   13.2.6.1 By Product Type
                   13.2.6.2 By Compound
                   13.2.6.3 By Application
                   13.2.6.4 By Legality
      13.2.7 Rest of Asia Pacific (APAC)

                   13.2.7.1 By Product Type
                   13.2.7.2 By Compound
                   13.2.7.3 By Application
                   13.2.7.4 By Legality
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Asia Pacific Cannabis Market Size Forecast By Product Type
      13.6.1 Edible Oils
      13.6.2 Tincture
      13.6.3 Capsules
      13.6.4 Creams
      13.6.5 Extracts/Paste
      13.6.6 Dry Herb
      13.6.7 Others
   13.7 Basis Point Share (BPS) Analysis By Product Type
   13.8 Absolute $ Opportunity Assessment By Product Type
   13.9 Market Attractiveness Analysis By Product Type
   13.10 Asia Pacific Cannabis Market Size Forecast By Compound
      13.10.1 Tetrahydrocannabinol (THC)-Dominant
      13.10.2 Cannabidiol (CBD)-Dominant
      13.10.3 Balanced THC & CBD
   13.11 Basis Point Share (BPS) Analysis By Compound
   13.12 Absolute $ Opportunity Assessment By Compound
   13.13 Market Attractiveness Analysis By Compound
   13.14 Asia Pacific Cannabis Market Size Forecast By Application
      13.14.1 Pain Management
      13.14.2 Neurological Health Management
      13.14.3 Mental Health Management
      13.14.4 Recreational
   13.15 Basis Point Share (BPS) Analysis By Application
   13.16 Absolute $ Opportunity Assessment By Application
   13.17 Market Attractiveness Analysis By Application
   13.18 Asia Pacific Cannabis Market Size Forecast By Legality
      13.18.1 Legal
      13.18.2 Illegal
   13.19 Basis Point Share (BPS) Analysis By Legality
   13.20 Absolute $ Opportunity Assessment By Legality
   13.21 Market Attractiveness Analysis By Legality
Chapter 14 Latin America Cannabis Analysis and Forecast
   14.1 Introduction
   14.2 Latin America Cannabis Market Size Forecast by Country
      14.2.1 Brazil

                   14.2.1.1 By Product Type
                   14.2.1.2 By Compound
                   14.2.1.3 By Application
                   14.2.1.4 By Legality
      14.2.2 Mexico

                   14.2.2.1 By Product Type
                   14.2.2.2 By Compound
                   14.2.2.3 By Application
                   14.2.2.4 By Legality
      14.2.3 Rest of Latin America (LATAM)

                   14.2.3.1 By Product Type
                   14.2.3.2 By Compound
                   14.2.3.3 By Application
                   14.2.3.4 By Legality
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Latin America Cannabis Market Size Forecast By Product Type
      14.6.1 Edible Oils
      14.6.2 Tincture
      14.6.3 Capsules
      14.6.4 Creams
      14.6.5 Extracts/Paste
      14.6.6 Dry Herb
      14.6.7 Others
   14.7 Basis Point Share (BPS) Analysis By Product Type
   14.8 Absolute $ Opportunity Assessment By Product Type
   14.9 Market Attractiveness Analysis By Product Type
   14.10 Latin America Cannabis Market Size Forecast By Compound
      14.10.1 Tetrahydrocannabinol (THC)-Dominant
      14.10.2 Cannabidiol (CBD)-Dominant
      14.10.3 Balanced THC & CBD
   14.11 Basis Point Share (BPS) Analysis By Compound
   14.12 Absolute $ Opportunity Assessment By Compound
   14.13 Market Attractiveness Analysis By Compound
   14.14 Latin America Cannabis Market Size Forecast By Application
      14.14.1 Pain Management
      14.14.2 Neurological Health Management
      14.14.3 Mental Health Management
      14.14.4 Recreational
   14.15 Basis Point Share (BPS) Analysis By Application
   14.16 Absolute $ Opportunity Assessment By Application
   14.17 Market Attractiveness Analysis By Application
   14.18 Latin America Cannabis Market Size Forecast By Legality
      14.18.1 Legal
      14.18.2 Illegal
   14.19 Basis Point Share (BPS) Analysis By Legality
   14.20 Absolute $ Opportunity Assessment By Legality
   14.21 Market Attractiveness Analysis By Legality
Chapter 15 Middle East & Africa (MEA) Cannabis Analysis and Forecast
   15.1 Introduction
   15.2 Middle East & Africa (MEA) Cannabis Market Size Forecast by Country
      15.2.1 Saudi Arabia

                   15.2.1.1 By Product Type
                   15.2.1.2 By Compound
                   15.2.1.3 By Application
                   15.2.1.4 By Legality
      15.2.2 South Africa

                   15.2.2.1 By Product Type
                   15.2.2.2 By Compound
                   15.2.2.3 By Application
                   15.2.2.4 By Legality
      15.2.3 UAE

                   15.2.3.1 By Product Type
                   15.2.3.2 By Compound
                   15.2.3.3 By Application
                   15.2.3.4 By Legality
      15.2.4 Rest of Middle East & Africa (MEA)

                   15.2.4.1 By Product Type
                   15.2.4.2 By Compound
                   15.2.4.3 By Application
                   15.2.4.4 By Legality
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Middle East & Africa (MEA) Cannabis Market Size Forecast By Product Type
      15.6.1 Edible Oils
      15.6.2 Tincture
      15.6.3 Capsules
      15.6.4 Creams
      15.6.5 Extracts/Paste
      15.6.6 Dry Herb
      15.6.7 Others
   15.7 Basis Point Share (BPS) Analysis By Product Type
   15.8 Absolute $ Opportunity Assessment By Product Type
   15.9 Market Attractiveness Analysis By Product Type
   15.10 Middle East & Africa (MEA) Cannabis Market Size Forecast By Compound
      15.10.1 Tetrahydrocannabinol (THC)-Dominant
      15.10.2 Cannabidiol (CBD)-Dominant
      15.10.3 Balanced THC & CBD
   15.11 Basis Point Share (BPS) Analysis By Compound
   15.12 Absolute $ Opportunity Assessment By Compound
   15.13 Market Attractiveness Analysis By Compound
   15.14 Middle East & Africa (MEA) Cannabis Market Size Forecast By Application
      15.14.1 Pain Management
      15.14.2 Neurological Health Management
      15.14.3 Mental Health Management
      15.14.4 Recreational
   15.15 Basis Point Share (BPS) Analysis By Application
   15.16 Absolute $ Opportunity Assessment By Application
   15.17 Market Attractiveness Analysis By Application
   15.18 Middle East & Africa (MEA) Cannabis Market Size Forecast By Legality
      15.18.1 Legal
      15.18.2 Illegal
   15.19 Basis Point Share (BPS) Analysis By Legality
   15.20 Absolute $ Opportunity Assessment By Legality
   15.21 Market Attractiveness Analysis By Legality
Chapter 16 Competition Landscape
   16.1 Cannabis Market: Competitive Dashboard
   16.2 Global Cannabis Market: Market Share Analysis, 2019
   16.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      16.3.1 Acreage Holdings, Inc.
      16.3.2 Aphria Inc.
      16.3.3 Aurora Cannabis Inc.
      16.3.4 Canopy Growth Corporation
      16.3.5 Cresco Labs Inc.
      16.3.6 Cronos Group Inc.
      16.3.7 Curaleaf, Inc.
      16.3.8 Green Thumb Industries Inc.
      16.3.9 GW Pharmaceuticals plc
      16.3.10 Harvest Enterprises, Inc.
      16.3.11 HEXO Corp.
      16.3.12 MedMen Enterprises Inc.
      16.3.13 Organigram Holdings Inc.
      16.3.14 Tilray, Inc.
      16.3.15 Trulieve Cannabis Corp.
Key Segments Covered
By Product Type
  • Edible Oils
  • Tincture
  • Capsules
  • Creams
  • CBD Extracts/Paste
  • Dry Herb
  • Others
By Compound
  • Tetrahydrocannabinol (THC)-Dominant
    • THC Market Size, By Product Type
    • THC Market Size, By Application
  • Cannabidiol (CBD)-Dominant
    • CBD Market Size, By Product Type
    • CBD Market Size, By Application
  • Balanced THC & CBD
    • Balanced THC & CBD Market Size, By Product Type
    • Balanced THC & CBD Market Size, By Application
By Application
  • Pain Management
  • Neurological Health Management
  • Mental Health Management
  • Recreational
By Legality
  • Legal
  • Illegal
By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia (SEA)
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa
Key Market Players Profiled in the Report
  • Acreage Holdings, Inc.
  • Aphria Inc.
  • Aurora Cannabis Inc.
  • Canopy Growth Corporation
  • Cresco Labs Inc.
  • Cronos Group Inc.
  • Curaleaf, Inc.
  • Green Thumb Industries Inc.
  • GW Pharmaceuticals plc
  • Harvest Enterprises, Inc.
  • HEXO Corp.
  • MedMen Enterprises Inc.
  • Organigram Holdings Inc.
  • Tilray, Inc.
  • Trulieve Cannabis Corp.

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers product specific information such as research and development etc.

According to this Growth Market Reports report, the cannabis market is likely to register a CAGR of 22.2% during forecast period 2020-2027, with an anticipated valuation of USD 52,995.4 million by the end of the 2027.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), cross segment split, market size by country, other data such as impact of key regulations is provided and Pre-Covid as well as Post-Covid Forecast for Cannabis Market is available in the final report.

Cannabis commercialization boosting cannabis sales, e-commerce availability of cannabis products is fueling market growth, and increasing shelf space in retail to boost market growth are key factors expected to drive the market growth during forecast period.

Pain management, neurological health management, mental health management, and recreational usage are the key application are driving the Cannabis market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness increment of over 11.6% between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the Cannabis market.

The base year considered for the global cannabis market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major manufactures include, Acreage Holdings, Inc., Aphria Inc., Aurora Cannabis Inc., Canopy Growth Corporation, Cresco Labs Inc., Cronos Group Inc., Curaleaf, Inc., Green Thumb Industries Inc., GW Pharmaceuticals plc, Harvest Enterprises, Inc., HEXO Corp., MedMen Enterprises Inc., Organigram Holdings Inc., Tilray, Inc., and Trulieve Cannabis Corp.