The Business Research Company’s Cannabis
Products Market covers market characteristics, size and growth,
segmentation, regional and country breakdowns, competitive landscape, market
shares, trends and strategies for this 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.
Major players in the market are Canopy Growth Corporation, Aphria Inc.,
Aurora Cannabis, Cara Therapeutics and GW Pharmaceuticals PLC.
The growing applications of
cannabis in the medical field is an important driver for the cannabis products
market. Cannabis is a drug that comes from Indian hemp plants such as Cannabis
sativa and Cannabis indica, with THC (delta-9 tetrahydrocannabinol) being the
main active chemical in it. Cannabis has several medical applications in
conditions such as nausea and vomiting, glaucoma, epilepsy, 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. According to
Harvard Health, around 85% of Americans supported legalizing medical marijuana,
and at least several million Americans were using it, in 2018.
The presence of several legal
norms related to the use and possession of cannabis is an important restraint
on the cannabis products market. These norms include regulations of the Food
and Drug Administration (FDA) as well as rules set up by the government of each
state in the USA. The FDA reviews all applications of cannabis products for
their safety and effectiveness. Despite having laws allowing cannabis
businesses, many states in the USA still do not allow such businesses. For
instance, Los Angeles, San Francisco, San Jose and San Diego have laws allowing
cannabis businesses, but 80% of California’s nearly 500 municipalities do not
allow retail marijuana businesses.
Browse Year End
Discounted Reports Offered By TBRC @ https://www.thebusinessresearchcompany.com/discounted-reports.aspx
North America was the largest
region in the cannabis products market in 2018. This region is expected to
remain the largest during the next five years and is forecasted to register the
highest CAGR during 2018-2023.
View complete Report: https://www.thebusinessresearchcompany.com/report/cannabis-products-global-market-report
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