Cannabis Market - Forecasts from 2023 to 2028

The cannabis market was valued at US$39.593 billion in 2021.

Cannabis is a psychoactive substance extracted from the cannabis plant native to Central and South Asia. It is known by many other names, such as hemp (industrial name), marijuana, grass, CBD, etc. Since ancient times, cannabis has also been used in traditional remedy preparations, entheogenic use, and recreational use. Cannabis can be consumed orally, through vapors, or as an extract. There are a variety of psychological and physiological effects associated with cannabis consumption, such as altered states of consciousness, euphoria, trouble focusing, impaired balance and fine psychomotor control, reduced short-term memory, relaxation, and increased appetite.

Legal growers & producers, customers, independent industrial standards bodies, auxiliary goods and service providers, regulators, and experts on cannabis and hemp, its industrial derivative, comprise the cannabis business. Regulatory limitations have hindered the cannabis business for most of recent history, but as more countries allow medicinal and adult use, the legal cannabis sector has grown quickly. Therefore, the rising legalization of cannabis products for medicinal purposes in various countries is the primary reason driving the growth of the global market during the projection period.

This research study examines the cannabis market based on end-use and geography segments. First, a brief market overview details key driving factors and challenges. Next, Porter's five forces model comprehensively analyzes the cannabis industry. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the cannabis market. Moreover, the research study analyzes the overall regulatory framework of the cannabis sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Cannabis Market - Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape, details the strategies of key market players, and plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.

The scope and coverage of the cannabis market report is as below:

• Cannabis market data tables and charts
• Market outlook with sections on drivers, restraints, Porter's, and industry value chain analysis
• Detailed market trends, analysis, and graphical representation by end-use in medicinal and recreational
• A 360-degree view of the demand for Cannabis solutions/services across different countries.

Different segments covered under the cannabis market report are as below:

By End-Use

• Medicinal
• Recreational

By Country

• USA
• Canada
• Germany
• United Kingdom
• Spain
• Others