Even though cannabis was once considered illegal in many countries, it is now legal to use in several economies, including cannabis as medical and recreational cannabis to treat various medical conditions. It has reportedly been used to treat patients with Parkinson's, Alzheimer's, Parkinson's-related and chemotherapy-related nausea, and other neurological diseases. According to some studies, cannabis derivatives are now being accepted by the FDA and other organizations for treating diseases where they have shown promise. Cannabis is largely accepted for recreational food and beverage products.
Data bridge market research analyses that the recreational cannabis market, valued at USD 1,780.45 million in 2022, will reach USD 2,902.66 million by 2030, growing at a CAGR of 6.3% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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The recreational cannabis market is segmented on the basis of product type, distribution channel, species, compound, application, administration, and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Oils
- Tinctures
- Transdermal patches
- Isolates
- Tablets
- Flower
- Concentrates
- Edibles
- Topical
- Others
- Vape
- Capsules
- Suppositories
- Creams and roll-ons
Distribution channel
- Online
- Offline
- Retail store
- Pharmacies
- Others
Species
- Cannabis indica
- Cannabis sativa
- Hybrid
Compound
- THC-Dominant
- CBD-Dominant
- Balanced THC and CBD
Application
- Chronic Pain
- Mental Disorders
- Cancer
- Others
Administration
- Oral
- Topical
- Inhalation
- Rectal
- Sublingual
End Use
- Pharmaceuticals
- Food
- Beverages
- Tobacco
- Personal care
- Research and Development Centre
Highlight of Table of Content:
· Chapter 1: Market overview
· Chapter 2: Recreational Cannabis Market analysis
· Chapter 3: Regional analysis of the Recreational Cannabis Market
· Chapter 4: Market segmentation based on types and applications
· Chapter 5: Revenue analysis based on types and applications
· Chapter 6: Market share
· Chapter 7: Competitive Landscape
· Chapter 8: Drivers, Restraints, Challenges, and Opportunities
· Chapter 9: Gross Margin and Price Analysis
Some of the major players operating in the recreational cannabis market are:
- AURORA CANNABIS INC (Canada)
- Cannabis Science Inc.(U.S.)
- Medical Marijuana, Inc.(U.S.)
- STENOCARE A/S (Denmark)
- CannabisNL (U.S.)
- Controlled Environments Limited (Canada)
- The Cronos Group (Canada)
- Maricann Inc (Canada)
- Tikun Olam (Israel)
- Canopy Growth Corporation (Canada)
- TerrAscend (Canada)
- VIVO Cannabis Inc.(Canada)
- Harvest Health & Recreation, Inc (U.S.)
- Curaleaf Holdings Inc. (U.S.)
- HEXO Corp. (Canada)
- INDIVA. (Canada)
- Cresco Labs (U.S.)
- Organigrams Holding Inc. (Canada)
- Trulieve (U.S.)
Profound Questions Answered in this Report:
· What is the growth rate of various stages in the value chain of the industry?
· Which region has the highest growth rate and size of the emerging market by value in 2022?
· Who are the competitive players in Recreational Cannabis Market?
· Which region has the largest share and degree of competition in the industry?
· What is the CAGR of the market during the forecast period 2023 to 2030?
· Which region is expected to hold the highest market share for the market?
· What is the main driver of the Recreational Cannabis Market?
· What is sales volume, revenue, and price analysis of top players of the market?
· What are the market opportunities and threats faced by the vendors in the industry?
· What has been the impact of COVID-19 on the Recreational Cannabis Market ?
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