Industry Background:
Marijuana also called as cannabis, herb, pot, grass, bud, ganja, Mary Jane, and a vast number of other slang terms, it is a greenish-gray mixture of the dried flowers of Cannabis sativa. Cannabis includes sinsemilla and concentrated resins which are a stronger form of cannabis containing high doses of marijuana’s active elements which includes honeylike hash oil, waxy budder, and hard amberlike shatter. These resins are gradually common among those who use them both recreationally and medically. Changes in cannabis policies across states legalizing marijuana for medical and/or recreational use recommend that cannabis is gaining larger acceptance in our society. Marijuana legalization considers the practical uses of marijuana, especially for medical use.This growth is primarily driven by Increasing Use of Cannabis for Medical Use and Increasing Disease Burden of Chronic Pain.
Globally, a noticeable market trend is evident Rising Need for Effective Pain Management Remedies
. Major Players, such as Canopy Growth Corporation (United States), Aphria, Inc. (United States), Aurora Cannabis (Canada), Wayland Group (Canada), Tilray (Canada), The Cronos Group (Canada), Organigram Holding, Inc. (Canada), GW Pharmaceuticals, plc. (United Kingdom), Lexaria Corp. (Canada) and Medicine Man Technology (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On May 2, 2019- Canopy Growth has announce that it has acquired German-based, Bionorica SE-founded C3 Cannabinoid Compound Company (“C3”) in a transformative deal that will see established single cannabinoid medicines brought together with the world’s leading full-spectrum medical cannabis offering.
Regulatory Insights:
Canada had recently passed a nationwide legalization of recreational cannabis use, following Uruguay to become the second country to do so. According to CBC, Canada is one of only two countries, besides the Netherlands, that exports cannabis products, which allows companies in Canada to gain instant revenue from recent medical cannabis
Market Drivers
- Increasing Use of Cannabis for Medical Use
- Increasing Disease Burden of Chronic Pain
Market Trend
- Rising Need for Effective Pain Management Remedies
- Legalization of Medicinal Cannabis Led To a Significant Decrease in the Black Market
Restraints
- Excess Consumption of Cannabis affects the Brain
Opportunities
Government Earnings through Taxation
Challenges
Strict Rules and Regulations Regarding the Product Sale and Cultivation
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Legal Cannabis Study Sheds Light on
The Legal Cannabis Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Legal Cannabis industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Legal Cannabis industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.