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Apr 26, 2020 (The Expresswire) — According to a report published by Fortune Business Insights™ the legal marijuana market size was USD 10.60 billion in 2018 and is projected to reach USD 97.35 billion by the end of 2026. The market will exhibit a CAGR of 32.92% during the forecast period, 2019-2026.
The legal marijuana industry is experiencing growth due to rising awareness regarding various medical applications such as pain management, appetite enhancement, and reducing eye pressure. The increasing therapeutic applications will create several opportunities for the companies operating in this market. The advent of cannabis-infused products such as edibles and drinks will aid the growth of the marijuana market in the coming years.
The high investments in the research and development of cannabis-infused drugs for several medical purposes will contribute to the cannabis market growth in the coming years.
Furthermore, availability of the products in numerous variations will contribute to the growing demand and subsequent rise in the adoption of cannabis across diverse industrial applications.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To Get Short-Term and Long-Term Impact of COVID-19 on this Market. Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/cannabis-marijuana-market-100219
List of top companies that are operating in the global legal marijuana market are:
- Aurora Cannabis
- Aphria Inc.
- Canopy Growth Corporation (NYSE:CGC)
- MedReleaf Corp.
- Chemesis International Inc. (CSE:CSI) (OTC:CADMF)
- Cronos Group Inc.
- GW Pharmaceuticals, plc.
- CannTrust Holdings Inc.
- VIVO Cannabis Inc. (OTC:VVCIF)
- Tilray (NASDAQ:TLRY)
- OrganiGram Holdings
The report encompasses several factors that have constituted the growth of the global medical marijuana market in recent years. It summarizes the key industry developments and gauges the impact of these developments on the market. It highlights key aspects of the market, with primary focus on leading products, major applications, and companies. The competitive landscape has been discussed in detail.
Additionally, the report provides forecast values for the medical marijuana market for the period of 2019-2026. Factual figures are obtained through trusted sources. The data provided in this report is gathered through opinions and interviews of world leaders and experienced market research professional.
Browse Detailed Summary of this Research Report with TOC: https://www.fortunebusinessinsights.com/industry-reports/cannabis-marijuana-market-100219
Canada Cannabis: Vancouver-based CBD maker first to enter Brazil’s market
Health Canada requested a review of a Sundial Growers item on Thursday that was mislabeled with a wrong grouping of THC. Sundial sold 30,576 units of the item in mid-March to retailers in Alberta, B.C. furthermore, Manitoba before the review was given, as per Health Canada.
A Sundial representative said the review is credited to a naming mistake and not identified with the item itself. Recently, Sundial said it would briefly diminish its cannabis creation and lay off several its staff in a cost-cutting move.
Detailed Table of Content:
- Introduction
- Executive Summary
- Market Dynamics
- Key Insights
- Global legal marijuana Market Analysis, Insights and Forecast, 2015-2026
TOC Continued…!
Read Press Release: https://www.fortunebusinessinsights.com/press-release/cannabis-market-9242
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 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.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Legal Marijuana Market Size, Value, Growth, Global Report 2026 | Fortune Business Insights(TM)
COMTEX_364948704/2598/2020-04-26T03:21:52
The MarketWatch News Department was not involved in the creation of this content.
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