Global Medical Marijuana Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and the outstanding market players expected to dominate Global Medical Marijuana Market place for the forecast 2019– 2025.
Medical Marijuana Market is valued at USD 12.26 Billion in 2018 and expected to reach USD 60.09 Billion by 2025 with a CAGR of 25.5% over the forecast period.
Marijuana is also known as Cannabis, is a psychoactive drug extracted from the Cannabis plant used for medical or recreational purposes. The Marijuana contains over 500 different substances primary psychoactive component includes tetrahydrocannabinol (THC), and Cannabidiol (CBD). Medical Cannabis is available in various forms including dried plants such as pot, buds, ganja, weed, grass, and in solid concentration like hashish, rosin, dabs as well as in liquid form which is in the form of hash oil, vape cartridges can be used by smoking, vaporizing, and within food. Marijuana has many health benefits in the medical industry including it helps to release the chronic pain, improves lung capacity, helps to lose weight, regulate and prevent diabetes, fight cancer, helps treat depression, Alzheimer’s disease, deals with pain linked to arthritis, for therapeutic purposes such as refractory epilepsy and it can also help to control seizures. Recently on 26th February 2020, new research partnership agreement between the State University of Campinas (Unicamp), Entourage Phytolab and Pluridisciplinary Center for Biological and Agricultural Chemical Research (CPQBA) took on cannabis for the development and production of medicines with the project name “Genotype Selection of Cannabis sativa L”. The research will help to identify and analyze pharmacological, agricultural and genetic characteristics of 240 cannabis varieties for therapeutic purposes, such as refractory epilepsy.
Cresco Labs to Acquire 4 Medical Marijuana Dispensaries in Ohio
News: On May 27, 2020, Chicago-based Cresco Labs has agreed to purchase four Ohio based medical marijuana dispensaries from Verdant Creations, LLC, the vertically integrated cannabis firm, the deal is closed at USD 3.5 million. This announcement come after recent activities of state government amendment allow cannabis companies to own and operate a maximum of five dispensaries. This integration and retail enable company to leverage wholesale and brand building while providing front-line feedback directly from our consumer base.
1. The Supreme Cannabis Company, Inc.
The Supreme Cannabis Company, Inc., is an overall extended game plan of indisputable cannabis associations, things, and brands. Since 2014, the Company has ascended as one of the world's snappiest creating, premium plant driven-lifestyle associations by sufficiently sending capital, with an emphasis on prepared turn of events and first-class things.
Transcendent Cannabis' portfolio fuses 7ACRES, its totally had helper and multi-award-winning brand; Blissco Cannabis Corp., a wellbeing cannabis brand and a multi-approved processor and distributor arranged in English Columbia; Cambium Plant Sciences, a plant-inherited characteristics and improvement IP association; Medigrow Lesotho, a cannabis oil producer arranged in southern Africa; and a brand affiliation and allowing oversee Khalifa Kush Ventures Canada.
Transcendent trades as FIRE on the Toronto Stock Trade (TSX: FIRE), SPRWF on the OTC Trade in the US (OTCQX: SPRWF) and 53S1 on the Frankfurt Stock Trade (FRA: 53S1)
2. Cannabis Sativa Inc.
Cannabis Sativa Inc. trades on the OTCQB as $CBDS
Cannabis Sativa, Inc., through its auxiliaries Wild Earth Naturals, White Bunny, hey Brands Global, Presto Specialist, and iBudtender, creates, fabricates, and sells home grown based skin health management items in the US and universally. It offers home grown based line of items, including Dive Deep, a profound entering mending treatment that lessens agony and aggravation when kneaded into muscles, tendons, ligaments, and joints; Dive Deep EXTRA, a profound infiltrating help with discomfort salve for use in relieving headache and sinus migraines; Face Nursery, a cancer prevention agent and saturating cream for the face; Body Nursery, a saturating body moisturizer; and Lip Nursery, an emollient demulcent. The organization likewise participates in the examination, advancement, and permitting of regular cannabis items including cannabis plans, edibles, topicals, strains, plans, and conveyance frameworks. It markets and sells its items through deals experts, just as through retailers and merchants. Cannabis Sativa, Inc. is situated in Mesquite, Nevada.
3.Insys Therapeutics, Inc.
Insys Therapeutics is a business stage strength drug organization that creates and markets inventive steady consideration items. Insys have two showcased items, Subsys and Dronabinol SG Case, which influence Insys Therapeutics sublingual shower medicate conveyance innovation and dronabinol plan and assembling abilities, individually. In Walk 2012, Insys propelled Subsys, Insys Therapeutics restrictive sublingual fentanyl shower for advancement disease agony, or BTCP, in narcotic lenient patients.
Insys Therapeutics center is around the revelation, improvement and commercialization of inventive items to address chemotherapy-actuated queasiness and regurgitating, torment the executives and other focal sensory system issues
4.Aurora Cannabis Inc.
Aurora Cannabis Inc. is an incredibly famous coordinated cannabis organization with an industry-driving notoriety for persistently hoisting and setting the worldwide cannabis industry standard.
Through Aurora completely possessed auxiliaries, key speculations, and worldwide organizations, Aurora gives a wide scope of premium quality cannabis and hemp items and administrations, creates imaginative innovations, advances cannabis purchaser wellbeing and health, and conveys a remarkable client experience over the entirety of its brands.
Aurora's tasks range different landmasses and spotlights on both the clinical and recreational cannabis creation and deals, quiet training and center advising administrations, home tank-farming development, extraction advances and conveyance frameworks, and hemp-based food wellbeing items.
Aurora Cannabis work the world over seeking after new and rising cannabis markets where conceivable through Aurora possessed system of import, fare and discount merchants, and Aurora online business and versatile applications.
5. Aphria Inc.
Aphria is the norm for sheltered, spotless and unadulterated drug grade cannabis at scale, developed in the most common conditions conceivable. Basic to Aphria job as industry pioneers is Aphria center around business met with adaptable and practical social effect.
Each progression in the excursion of Aphria's item - from office to customer - is characterized by unrivaled thoughtfulness regarding quality, worth, and responsibility. A reason driven organization, Aphria accept that when worth goes further than numbers, the numbers reflect it decidedly. That is the reason at the establishment of the art and conveyance of Aphria clinical cannabis is a promise to understanding Personal satisfaction.
In a similar soul, Aphria complete arrangement of grown-up use brands is established in master research custom fitted to make an interpretation of important shopper knowledge into sure, productive market procedure. Mindful to the assorted variety of requirements, qualities, and inclinations of individuals, just as the abundance of rising cannabis item designs accessible, Aphria make foreknowledge main concern.
Just with a view to the eventual fate of Aphria hearty and dynamic industry, can Aphria hope to fulfill its needs. Past just contending, Aphria decides to lead, by propelling fundamental clinical-research examines and advancing Aphria comprehension of expansive cross-area of patients and customers.
Global Medical Marijuana Segmentation: –
By Product Type: Solid form buds, leaves, Liquid form oils, Tinctures and vape cartridges
By Application: Chronic pain, Mental disorders, Cancer, Others
Regional & Country Analysis
North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Global Medical Marijuana Regional Analysis–
North America is dominating the medical marijuana market owing to public awareness regarding to medical marijuana. Furthermore, increasing number of research and collaboration to explore novel therapeutic applications boost the medical marijuana market growth in North America. In addition, legalization of medical marijuana and awareness programs conducted by public and private associations will fuel the growth of market. For instance, medical marijuana is legalized in 13 states in the U.S. for medical use of cannabis.
Europe is anticipated to grow at a highest CAGR over forecast period due to legalization of medical marijuana among the countries. For instance, since 2017, legalization of medical use of marijuana in Germany creating a domino effect over other European countries for initiation marijuana-related research programs. This also encourage U. K for legalization of medicinal use of cannabis. This help to large number of populations to have access to legalized cannabis for medical purpose. Additionally, diverse demographics and large number of patient population are attracting various medical marijuana manufacturer to start production in Europe, hence expected the region to maintain its dominancy over the forecast period.
North America is dominating the medical marijuana market due to legalization and appeal of marijuana products, such as vape pens and relaxed attitude among seniors with health benefits awareness regarding the use of cannabis. The United States is reported as the largest numbers of cannabis cultivation sites after the Declaration of UN Drug Committee that Cannabis is an effective and relatively safe drug. According to Americans for Safe Access organization, it is estimated that around 2.2 million patients use cannabis medicinally in the United States followed by United Kingdom. The medical marijuana has many health benefits around 30% of patients of multiple sclerosis uses cannabis in the United Kingdom. In 2015 in Europe, the annual prevalence cannabis uses among 15-16 year olds was reported to be 13 % and 7%, respectively whereas age 60 on average group had used cannabis 8 or 9 times in the past 12 months. Lifetime prevalence of cannabis use among adolescents varies from country to country, ranging from 37% in Czechia and 31% in France to 7% in both Sweden and Norway in Europe.
The Asia Pacific is expected to emerge as the fastest-growing regional market due to rapidly increasing patient pool of chronic pain including anxiety, depression, epilepsy, Parkinson’s and Alzheimer’s disease and growing need for clinical research for managing the increasing patient population. According to the Alzheimer's disease international report, the prevalence of Alzheimer’s disease dementia in the Asia Pacific region will increase from 23 million in 2015 to almost 71 million by 2050. The second largest seizures of cannabis herb were reported in Africa, mostly in Nigeria, Egypt and Morocco accounting for over a 28% of the global total and Asia accounted for 5 % of the total quantity of cannabis herb intercepted worldwide in 2015.
Key Benefits for Global Medical Marijuana Report–
Global Medical Marijuana report covers in depth historical and forecast analysis.
Global Medical Marijuana research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Medical Marijuana report helps to identify opportunities in market place.
Global Medical Marijuana report covers extensive analysis of emerging trends and competitive landscape.
Interested in this report?
24 Sep 2020