Mar 30, 2020 (AB Digital via COMTEX) -- The global cannabis products market was valued at about $12.73 billion in 2018. North America is the largest region in the cannabis products market. The cannabis products market consists of sales of cannabis products and related services. Cannabis is a psychoactive drug which is obtained from the cannabis plant of the cannabaceae family. Cannabis can be used for the treatment of various diseases such as chronic pain, cancer pain, depression, anxiety disorders, sleep disturbances, and neurological disorders.
The global cannabis products market is expected to grow to $36.2 billion at a rate of about 29.9% through 2022. The growing applications of cannabis in the medical field is an important driver for the cannabis products market. Cannabis has several medical applications in conditions such as nausea and vomiting, glaucoma, epilepsy, and asthma. Hence, many countries have legalized the use of cannabis for medical applications despite it being a psychoactive drug. Medical applications of cannabis include treating cancer, chronic pain, depression, arthritis, diabetes, glaucoma, migraines, epilepsy, AIDS, Alzheimer's disease, and Parkinson's disease.
However, the presence of several legal norms related to the use and possession of cannabis is an important restraint on the cannabis products market.
Solar cannabis cultivation is an emerging trend in the cannabis products market. As cannabis cultivation requires a large amount of energy for lighting, heating, air-conditioning, and dehumidification systems, cannabis products manufacturing companies are investing in solar cannabis cultivation. This is mainly a result of legalizing cannabis products in various states of the USA which is continuously increasing the consumption of energy and thus leading cannabis manufacturers to opt for solar cannabis cultivation.
Major players in the market are Canopy Growth Corporation, Aphria Inc., Aurora Cannabis, Cara Therapeutics, and GW Pharmaceuticals PLC. Aphria Inc. is a Canadian cannabis company. It is listed on the Toronto Stock Exchange and the New York Stock Exchange, and has a market capitalization of $1.2 billion as of January 2020, making it one of the largest cannabis companies in the world. Request a Sample @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2533&type=smp
Few Points From Table of Contents:
1. Executive Summary
2. Cannabis Products Market Characteristics
3. Cannabis Products Market Size And Growth
3.1. Global Cannabis Products Historic Market, 2014 - 2018, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Cannabis Products Forecast Market, 2018 - 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Cannabis Products Market Segmentation
4.1. Global Cannabis Products Market, Segmentation By Product Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
4.2. Global Cannabis Products Market, Segmentation By Usage, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion