"North America Cannabis Market: Focus on Product Type, Medical Application, Distribution Channel, Countries Data (U.S. and Canada) and Competitive Landscape - Analysis and Forecast, 2019-2025" report has been added to ResearchAndMarkets.com's offering." data-reactid="12">The “North America Hashish Market: Concentrate on Product Sort, Medical Software, Distribution Channel, Nations Knowledge (U.S. and Canada) and Aggressive Panorama – Evaluation and Forecast, 2019-2025” report has been added to ResearchAndMarkets.com’s providing.
The North America cannabis market was valued at $13.21 billion in 2018 and is predicted to succeed in $36.7 billion in 2025
Excessive demand amongst shoppers for safer types of ingesting cannabis resembling tinctures, oils, vapes, and different edibles, coupled with rising funding from each private and non-private sectors for analysis and growth actions are all collectively anticipated to positively reinforce the expansion of the market in the course of the forecast interval between 2019 and 2025.
Rising legalization of cannabis in each Canada and U.S. is probably the most distinguished issue contributing to the expansion of the North America cannabis market. North America holds the strongest potential amongst all different areas of the world for the expansion of the cannabis trade and presents profitable alternatives for the entry of latest firms into the market.
Because the nations of North America start to liberalize legal guidelines associated to the leisure and medical use of cannabis, extra firms are anticipated to enter into this market so as to tackle the surging demand for cannabis merchandise. Excessive private and non-private investments on this sector are additional propelling analysis associated to cannabis merchandise, actively driving the expansion of the market.
Nonetheless, the market can be witnessing vital challenges that hinders its development. Though cannabis is authorized within the nations of North America for each medical and leisure use, its cultivation, manufacturing, distribution, and possession are extremely managed beneath strict laws.
Furthermore, the chance of unwanted side effects related to using cannabis hampers its adoption fee, thereby hampering the expansion of the market. Nonetheless, with progressing analysis actions, safer types of cannabis merchandise are anticipated to come back up out there within the upcoming years that provide prospects for the market development within the years to come back.
Moreover, rising launch of on-line platforms selling cannabis merchandise and the paradigm shift towards e-commerce gross sales of cannabis provide large alternatives which can be anticipated to drive the expansion of the North America cannabis market in the course of the forecast interval between 2019 and 2025.
This report is a meticulous compilation of analysis on greater than 70 gamers out there ecosystem and attracts upon insights from in-depth interviews with the important thing opinion leaders of greater than 20 main firms, market contributors, and distributors.
The report additionally profiles 10 firms together with a number of key gamers, resembling Aphria, Inc., Aurora Hashish Inc., Cover Progress Company, CannTrust Holdings Inc., Cronos Group Inc., Curaleaf Holdings, Inc., Cresco Labs, Inc., Terra Tech Corp., Tilray, Inc., and Trulieve Hashish Corp.
- The variety of firms working on this market has elevated exponentially over the previous few years proudly owning to the large demand for each medical and leisure cannabis in North America. Synergic methods involving agreements, partnerships, and collaborations had been the commonest methods adopted by the important thing gamers of the market so as to maintain out there competitors.
- A number of analysis research have demonstrated the advantages of cannabis in treating a variety of medical circumstances starting from ache administration to the remedy of cachexia. Among the many numerous medical functions of cannabis, ache administration phase contributed to the best income and dominated the market in 2018. Excessive effectivity of cannabis in decreasing ache related to several types of medical circumstances, resembling most cancers, arthritis, cerebral palsy, and muscular dystrophy, aided within the development of the medical cannabis market pertaining to ache administration.
- By distribution channel, retail gross sales dominated the market in 2018 because it has been the popular mode of sale of cannabis merchandise amongst shoppers of North America. Nonetheless, e-commerce gross sales are anticipated to witness a a lot larger CAGR of 22.89% in the course of the forecast interval from 2019 and 2025. Rising launch of on-line platforms by key firms of the cannabis market selling e-commerce gross sales of cannabis is predicted to propel the expansion of the cannabis market by e-commerce gross sales.
- Within the U.S., the commonest cannabis product classes embrace flower, concentrates, and edibles. Amongst theses 4 product classes, flower type of cannabis dominated the cannabis market of U.S. in 2018. Nonetheless, edibles had been anticipated to witness the best CAGR in the course of the forecast interval between 2019 and 2025.
Key Subjects Lined:
1 Market Overview
1.Three Legalization of Hashish
1.Four International Hashish Market: Key Insights
1.5 North America Hashish Market
1.5.1 Assumptions and Limitations
2 Market Dynamics
2.2 Affect Evaluation
2.Three Market Drivers
2.3.1 Rising Demand and Rising Legalization of Hashish
2.3.2 Ease of Availability of Hashish Plant
2.3.Three Vast Vary of Advantages for each Medical and Leisure Use
2.Four Market Challenges
2.4.1 Stringent Regulation and Prolonged Approval Course of
2.4.2 Facet Results Related to Hashish Consumption
2.4.Three Excessive Price and Advanced Distribution Channel
2.5 Market Alternatives
2.5.1 Persevering with Analysis for Growth of Safer Types of Hashish
2.5.2 Shifting Pattern of Hashish Business Towards On-line Platform
Three Aggressive Panorama
3.1.1 Collaborations, and Partnerships
3.1.2 Mergers and Acquisitions
3.1.Three Enterprise Growth
3.1.Four Product Launches
3.1.5 Awards and Recognitions
Four Business Insights
4.1 Canada Authorized Panorama
4.1.1 Hashish Framework and Laws by Provinces and Territories
126.96.36.199 British Colombia
4.1.1.Four Newfoundland and Labrador
188.8.131.52 Northwest Territories
184.108.40.206 New Brunswick
220.127.116.11 Nova Scotia
18.104.22.168 Prince Edward Island
4.2 U.S. Authorized Panorama
4.2.1 U.S. Federal Legal guidelines Impacting Hashish Market
4.2.2 U.S. State Legal guidelines Impacting Hashish Market
4.2.Three Medical Hashish Legal guidelines
22.214.171.124 CBD/Restricted Legal guidelines
126.96.36.199 Leisure Legal guidelines
5 North America Hashish Market (by Product)
5.2 Leisure Hashish
5.Three Medical Hashish
5.3.2 Ache Administration
5.3.Three Muscle Spasm
5.3.6 Nausea and Vomiting
5.3.7 Different Medical Functions
6 North America Hashish Market (by Distribution Channel)
7 North America Hashish Market (by Nation)
eight Firm Profiles
- Aphria, Inc.
- Aurora Hashish Inc.
- Cover Progress Company
- CannTrust Holdings Inc.
- Cronos Group Inc.
- Curaleaf Holdings, Inc.
- Cresco Labs, Inc.
- Terra Tech Corp.
- Tilray, Inc.
- Trulieve Hashish Corp.
For extra details about this report go to https://www.researchandmarkets.com/r/jt8ea3