"The formulation of the Cannabis Market research report involved a systematic approach to collecting, recording, and analyzing market data. The market analysis conducted herein aids in understanding the overall market conditions and trends. This comprehensive business report thoroughly investigates the current scenario of the global market, considering various market dynamics. The statistical and numerical data presented in the report is interpreted using established and advanced tools such as SWOT analysis and Porter's Five Forces Analysis. Tables, graphs, and charts utilized in the complete Cannabis Market business report provide a clear and enhanced understanding of facts and figures.

This all-encompassing Cannabis Market report delineates the fluctuation in Compound Annual Growth Rate (CAGR) during the forecast period of 2021-2028. The market research analysis within this report examines various market segments expected to experience the fastest development during the forecast frame. The report includes company profiles of key market players and brands leading the industry, incorporating actions such as product launches, joint ventures, mergers, and acquisitions. A top-ranking Cannabis Market research report serves as a window to the industry, explaining market definition, classifications, applications, engagements, and market trends.

Explore Further Details about This Research Cannabis Market Report https://www.databridgemarketresearch.com/reports/Global Cannabis Market

Medicinal cannabis makes up a sizable portion of the cannabis market due to the Many nations have approved the use of cannabis for medicinal purposes, including Australia, Canada, Chile, Colombia, Germany, Greece, Israel, Italy, the Netherlands, Peru, Poland, Portugal, and Uruguay. Data Bridge Market Research analyses that the cannabis market was valued at USD 25.40 billion in 2021 and is further estimated to reach USD 168.58 billion by 2029, and is expected to grow at a CAGR of 9% during the forecast period of 2022 to 2029.

Cannabis Market Dynamics

Drivers

Major factors that are expected to boost the growth of the cannabis market in the forecast period are as follows:

• Medicinal qualities of cannabis

The increased incidence of chronic diseases after 50 years of age, as well as the efficacy of cannabis in treating such problems. January 2018, the Australian government has permitted regional cannabis growers to export medical cannabis and its products to the international market which is further anticipated to propel the growth of the market.

• Enabling policy and regulatory relaxation

The HEROES Act, which included the SAFE Banking Act, was enacted by the House of Representatives and forwarded to the Senate in 2020. This bill allows banks to provide services to marijuana businesses in places where it is legal. However, an increasing number of nations have created legal frameworks for adult non-medicinal usage, such as social, religious, and cultural objectives which will further accelerate the growth of the market.

• Product development, differentiation and accessibility of hemp-infused edibles

The problems of edibles, such as the inconsistent effect of marijuana after intake, have begun to be overcome thanks to advances in scientific advancement and commercial innovation. Topical or sublingual infusion products are newer types of infusion products that are absorbed under the mouth or via the skin which is further contributing to the market growth.

Opportunities

In addition, the growing number of countries that are progressively legalizing the use of cannabis around the world is further estimated to provide potential opportunities for the growth of the cannabis market in the coming years.

Some of the major players operating in the cannabis market are:

• The Cronos Group (Canada)
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• Tilray (US)
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• Marley Natural (US)
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• Aurora Cannabis (Canada)
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• Cara Therapeutics (US)
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• ARUMA LABS HOLDINGS PTY LIMITED (Australia)
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• Medcan Australia (Australia)
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• Sundial Growers Inc. (Canada)
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• Canopy Growth Corporation (Canada)
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• The Scotts Company LLC (US)
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• Aphria Inc. (Canada)
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• VIVO Cannabis Inc. (Canada)
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• Cannatrek (Australia)
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• SpeedWeed (US)
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• GW Pharmaceuticals plc. (UK)
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• Harborside Health Center (US)
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• Steep Hill, Inc. (US)
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• CBD Einstein. (US)
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• Weedmaps (US)

Core Objective of  Cannabis Market:

Every firm in the Cannabis Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

• Size of the Cannabis Market and growth rate factors.
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• Important changes in the future Cannabis Market.
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• Top worldwide competitors of the Market.
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• Scope and product outlook of Cannabis Market.
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• Developing regions with potential growth in the future.
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• Tough Challenges and risk faced in Cannabis Market.
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• Global Bleeding Disorders Treatment top manufacturers profile and sales statistics.

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