Bulletin
Investor Alert

Dec. 2, 2019, 11:58 p.m. EST

Legal Marijuana Market Size, Share, Value, Top players Analysis, Research Report | Fortune Business Insights™

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

The recreational usage of cannabis will be positively impacted by the subsequent price parity of cannabis bud as well as its commoditization in the legal and illegal market. Moreover, increasing mainstreaming and availability of raw materials will ensure price parity. It would also aid in smoothening the transformation of cannabis flower from the illegal market to legal business.

The taxes would be vital in channelizing the advancements in the legal market. A rise in the demand for cannabis from Canada, U.S., and the European countries is expected to help all the South American cannabis producers to upscale their production. It would reduce the pricing pressure on cannabis bud due to increasing imports both in wholesale and retail channels.

Key Market Players Focus on Expansion and Strategic Collaborations to Gain Competitive Edge

The cannabis market is robustly dynamic and highly competitive. Increasing number of expansion programs and strategic collaborations are positively affecting the market sales. A rise in the popularity of recreational cannabis is creating a rapid shift towards processed products, namely, topical, edible, and oils from simply buds. Given below are few of the key developments:

  • Altria Group, Inc. declared that it has invested approximately USD 1.8 billion in Cronos Group, Inc. in March 2019. The main aim of the investment is to lead, scale, and compete in the rapidly growing cannabis industry.

  • Hexo Corp., a prominent producer of cannabis, headquartered in Quebec, Canada, announced that it has partnered up with Molson Coors Canada in August 2018 to manufacture and supply cannabis-based beverages.

Order Complete Exclusive Research Report:

https://www.fortunebusinessinsights.com/checkout-page/100219

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Website: Fortune Business Insights

Follow us on:

LinkedIn | Twitter | Blogs

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Legal Marijuana Market Size, Share, Value, Top players Analysis, Research Report | Fortune Business Insights(TM)

COMTEX_358472276/2598/2019-12-02T23:58:27

1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.