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Sept. 26, 2019, 3:05 a.m. EDT

Medical Cannabis Market Size, Industry, Price, Growth, Report & Forecast 2019-2024

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Sep 26, 2019 (SUPER MARKET RESEARCH via COMTEX) -- The global medical cannabis market attained a value of more than USD 13 billion in 2018. The market is projected to witness a robust growth in the coming years, growing at a CAGR of around 23% between 2019-2024.

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Competitive Landscape & Supplier Analysis:

1. Tilray Inc /zigman2/quotes/209129655/composite TLRY -0.10%
2. Bedrocan International
3. Canopy Growth Corp /zigman2/quotes/202205609/delayed CA:WEED -7.44%
4. Aurora Cannabis Inc.
5. Aphria Inc.
6. Terra Tech Corp.
7. Vivo Cannabis Inc.
8. Emerald Health Therapeutics, Inc
9. Cronos Group Inc.
10. Organigram Holdings Inc
11. Others

North America is the leading cannabis market. The regional market is being aided by the legalisation drives for the drug for both, medical and recreational purposes. Almost 1.9 million people in North America were legally using the substance in 2017 to manage and relieve conditions like polymorphic seizures and chronic pain. With over 60% of the population in the region residing in areas with legalised medical cannabis, the industry is expected to witness a healthy growth in the forecast period. In 2018, the total cannabis sales in the US was estimated to be around USD 7.6 billion. As of January 2019, 33 states in the US along with Washington, DC had legalised marijuana use for medical purposes, which will aid the industry growth in the coming years. In Canada, the overall iandustry, including medical and legal along with illegal products, is expected to generate a sales revenue of nearly USD 1.7 billion in 2019 and the contribution of medical sales is anticipated to account for about one-fourth of the total industry sales in Canada. The industry is being driven by increased legalisation and the willingness of consumers to spend more on legal products.

Read full report summary with Table of Content - https://www.expertmarketresearch.com/reports/medical-cannabis-market

In 2018, medical cannabis retail sales reached around USD 3.7 billion in the US. Europe is another leading market which is expected to grow annually by EUR 35.7 billion. With people spending nearly EUR 1.49 trillion on healthcare in 2017 on the continent, the industry has a high potential for growth in the region. The medical marijuana industry is a key expansion sector for pharmaceutical companies in Europe. Germany represents the leading market for medical cannabis in the region and was worth USD 11.9 billion in 2017. The Western European country imports most of its supply from Canada, and is looking to expand its domestic supply to meet the rising local demand.

1 Preface2 Research Methodology3 Executive Summary
3.1 Market Overview
3.2 Key Demand Drivers
3.3 Key Players
3.4 Supply Market Changes
4 Global Medical Cannabis Market Overview4.1 Global Medical Cannabis Market Analysis
4.1.1 Figure: Global Medical Cannabis Historical Market (2014-2018) & Forecast (2019-2024)
4.1.2 Figure: Global Medical Cannabis Market Breakup by Product Type: Historical Market (2014-2018) & Forecast (2019-2024)
4.1.2.1 Dried Form
4.1.2.2 Extract Form
4.1.3 Figure: Global Medical Cannabis Market Breakup by Species: Historical Market (2014-2018) & Forecast (2019-2024)
4.1.3.1 Indica
4.1.3.2 Sativa
4.1.3.3 Hybrid
4.1.4 Figure: Global Medical Cannabis Market Breakup by Compound: Historical Market (2014-2018) & Forecast (2019-2024)
4.1.4.1 THC-Dominant
4.1.4.2 CBD-Dominant
4.1.4.3 Balanced THC & CBD
4.1.5 Figure: Global Medical Cannabis Market Breakup by Application: Historical Market (2014-2018) & Forecast (2019-2024)
4.1.5.1 Pain Management
4.1.5.2 Seizure
4.1.5.3 Others
4.1.6 Figure: Global Medical Cannabis Market Breakup by Distribution Channel: Historical Market (2014-2018) & Forecast (2019-2024)
4.1.6.1 Dispensaries
4.1.6.2 Pharmacies
4.1.6.3 Online Retailers
4.1.7 Chart: Global Medical Cannabis Market Breakup by Region
4.1.7.1 North America
4.1.7.2 Europe
4.1.7.3 Asia Pacific
4.1.7.4 LATAM
4.1.7.5 Middle East & Africa
4.1.8 Figure: Regional Medical Cannabis Historical Market (2014-2018) & Forecast (2019-2024)
4.1.8.1 North America
4.1.8.2 Europe
4.1.8.3 Asia Pacific
4.1.8.4 LATAM
4.1.8.5 Middle East & Africa
4.2 SWOT Analysis
4.2.1 Overview
4.2.2 Strengths
4.2.3 Weaknesses
4.2.4 Opportunities
4.2.5 Threats
4.3 Value Chain Analysis4.4 Porter's Five Forces Analysis
4.4.1 Overview
4.4.2 Buyer's Power
4.4.3 Supplier's Power
4.4.4 New Entrants
4.4.5 Degree of Rivalry
4.4.6 Substitutes
4.5 Global (HS Code-5302 Sativa L) Trade Analysis (2018)
4.5.1 Major Exporting Countries by Value & Volume
4.5.2 Major Importing Countries by Value & Volume
4.6 Global Medical Cannabis Price Analysis
4.6.1 North America Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019- 2024)
4.6.2 Europe Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019-2024)
4.6.3 Asia Pacific Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019-2024)
4.6.4 LATAM Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019-2024)
4.6.5 Middle East & Africa Country Medical Cannabis Historical Price Trends (2014-2018) & Forecast (2019-2024)

Related Links:

https://www.expertmarketresearch.com/reports/fish-probe-market
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https://www.expertmarketresearch.com/reports/fish-collagen-peptides-market
https://www.expertmarketresearch.com/reports/mexico-medical-cannabis-market

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com . Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

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The post Medical Cannabis Market Size, Industry, Price, Growth, Report & Forecast 2019-2024 appeared first on Super Market Research .

COMTEX_353248851/2607/2019-09-26T03:04:40

/zigman2/quotes/209129655/composite
US : U.S.: Nasdaq
$ 19.91
-0.02 -0.10%
Volume: 1.58M
Nov. 18, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.00 billion
Rev. per Employee
$62,689
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/zigman2/quotes/202205609/delayed
CA : Canada: Toronto
$ 18.78
-1.51 -7.44%
Volume: 4.00M
Nov. 18, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.06 billion
Rev. per Employee
$150,142
loading...

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