Articles
North America Legal Cannabis Market Research Report 2019-2024
by Chris jackson Market ResearchAccording to the latest report by IMARC Group titled, “North America Legal Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 10.1 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 43.19 Billion by 2024, exhibiting a CAGR of around 27.4% during 2019-2024.
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Cannabis is obtained from the dried leaves of the hemp plant that is cultivated in tropical and temperate areas of the world. Tetrahydrocannabinol (THC) is the primary psychoactive constituent of cannabis, which produces hallucinogenic effects by slowing down the activity of the central nervous system. The regulatory authorities in North America are decriminalizing the possession and consumption of cannabis, which is promoting both its medical and recreational usage in the region.
The presence of a high number of consumers and the legalization of medical marijuana in countries like the US and Canada have led to the expansion of the legal cannabis market in North America. Through the legalization of recreational marijuana in these countries, governments are trying to erode the black market. Moreover, a significant number of patients are now opting for medical cannabis, along with traditional therapies, for treating health conditions, such as depression, social anxiety, post-traumatic stress disorder, migraines, multiple sclerosis and epilepsy.
Explore full report with table of contents: https://www.imarcgroup.com/north-america-legal-cannabis-market
Market Segmentation:
Breakup by Product Derived:
- Marijuana
- Industrial Hemp
Breakup by Distribution Channel:
- Regulated Dispensary
- Recreational Stores
- Stand-Alone Retailers
- Others
Regional Insights:
- United States
- Canada
Competitive Landscape
The report has also examined the competitive landscape of North America legal cannabis market. Some of the major players in the market are 22nd Century Group, Inc, Medical Marijuana Inc, Hemp, Inc., Axim Biotechnologies, Inc, Arena Pharmaceuticals, Inc., Canopy Growth Corporation, Aphria Inc., Aurora Cannabis Inc., Abcann Medicinals Inc., etc.
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Competitive Structure
- Profiles of Key Players
Browse Related Report:
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About Chris jackson 
Market Research
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Created on Nov 8th 2019 01:01. Viewed 383 times.
