According to the report, the global demand for the Cannabis market was valued at approximately USD 14.29 Billion in 2019 and is expected to generate revenue of around USD 128.36 Billion by end of 2027, growing at a CAGR of around 31.7% between 2020 and 2027.

1. Cannabis Market
Analysis 2020
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Date: July 2020
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Cannabis Market - Global
Industry Analysis, Size, Share,
Forecast 2016 – 2027
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3. Report Crux Market Research has published a new report titled “Cannabis Market by Product (Concentrates, Flower and Others); by Compound
(Cannabidiol (CBD)-dominant, Tetrahydrocannabinol (THC)-dominant and Balanced CBD & THC); by Application (Medical and Recreational) and by
Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.
Cannabis is a drug derived from the Cannabis Sativa, Cannabis Indica, and hybrid strains. It is commercially available in different form like hash oil,
hashish and marijuana. Species of cannabis are used to produce hemp fiber which is used in the production of clothing, textile and paper. It is used
for medicinal purpose since many years and is associated for treating various conditions like vomiting and nausea. Growing use in medicinal
applications, increasing legalization of medical cannabis and its rising awareness are some of the factors that are propelling the demand of
cannabis.
Cannabis market was valued at approximately USD 14.29 Billion in 2019 and is expected to generate revenue of around USD 128.36 Billion by
end of 2027, growing at a CAGR of around 31.7% between 2020 and 2027.
Report Description
Cannabis Market Size

4. The global market for the Cannabis is segmented into product, compound, application and region.
By Product:
Based on product, the market is segmented into Concentrates, Flower and Others. Among all the product types, flower segment dominated the
market by 58%, and the concentrates segment is anticipated to grow at the maximum CAGR of about 32% during the forecast period. Flowers are
easily available and can be obtained in a huge quantity. Apart from this, vaping or smoking the cannabis flower has a quicker effect and is most
Segmentation Analysis

5. preferred for giving a faster relief to the medical and recreational consumers. While in its usage for pharmaceutical grade drugs, the flower buds
are processed through the extraction of active cannabinoids. Also, various products like salves, tinctures, elixirs, creams and poultices can be made
from the flowering tops which are used for treating the internal and external aliments.
By Compound:
Based on compound type, the market is categorized into Cannabidiol (CBD)-dominant, Tetrahydrocannabinol (THC)-dominant and Balanced CBD &
THC. The Tetrahydrocannabinol (THC)-dominant segment dominated the market. It is also expected to grow at the fastest CAGR of more than 31%
and accounted for a share of near about 56% and was valued at near about USD 8.0 Billion. The dominance of this segment is majorly accredited
due to that psychoactive substance in it, which is responsible for getting the high. THC also has various medicinal benefits which are helpful in
relieving insomnia, appetite loss, nausea and similar symptoms.
By Application:
Based on application, the market is divided into Medical and Recreational. Further, the medical segment is sub-segmented into Neurological
Health Management, Pain Management, Mental Health Management and Others. Due to the rising demand of cannabis for the medicinal purpose
like pain management, mental health management and neurological health, this segment is expected to dominate the market. Also, the increasing
legalization of cannabis for recreational purpose is expected to boost this segment in the near future.
Amongst all the regions, North America accounted for the largest share of the market in 2019. The growth in this market is primarily driven due to
the U.S. and Canada. Due to the increasing legalization for medicinal and recreational purpose and liberalism of government regulations, there is a
growing awareness amongst the consumers regarding its health benefits. North America accounted for more than 80% of the global cannabis
market. Other promising markets for the rising sale of cannabis include countries like Germany, Australia, Poland, Israel and Uruguay. Israel’s vast
knowledge in the Agri-space was useful in developing various new technologies and thus has helped in the higher production of new strains. As
U.S. remains closed legally for any export of cannabis, Colombia and Uruguay the Latin American countries are working for becoming the upcoming
suppliers of cannabis in the near future, thus creating huge opportunities as global exporters. Also, other countries like Thailand and UK are
creating a legal structure for cannabis due to which their revenue is expected to rise prominently. Some other countries like New Zealand and
South Africa are still into the legalization of medical marijuana phase and are expected to develop as viable markets in the upcoming years.
Major players in Cannabis market are Medical Marijuana, Inc. (US), Terra Tech Corp. (US), Cannabis Science Inc. (US), MedMen (US), Canopy
Growth Corporation (Canada), Tilray Inc. (Canada), Aphria Inc. (Canada), Aurora Cannabis Inc. (Canada), Maricann Group Inc. (Canada), Cronos
Regional Analysis
Key Players Analysis

6. Group Inc. (Canada), VIVO Cannabis Inc. (Canada), STENOCARE (Denmark) and Tikun Olam (Israel) among others. These industry leaders are
aggressively adopting diverse strategies to grow their market share
The study is a source of reliable data on:
• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa
Highlights of the report:
• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market.

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