North America Cannabis Market Analysis and Size:
As per recent research by MarkNtel Advisors, the North America Cannabis Market is anticipated to grow at a CAGR of around 27.7% during the forecast period, i.e., 2022-27.
Market Drivers :
- A rapid surge in the legalization & social acceptance of cannabis
- The rise in cannabis-based consumables
- Snowballing medical use of cannabis
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North America Cannabis Market Scope:
The North America Cannabis Market is segmented into different categories. This segmentation enables a detailed analysis of specific areas of growth, aiding in strategic market approaches. It helps identify key application areas and variances within target markets, facilitating focused strategies to capitalize on niche opportunities.
By Application
-Medical Use
-Chronic Pain
-Mental Disorder
-Cancer
-Others (Nausea, Muscle Spasms, Migraine, Glaucoma)
- Self-Consumption / Private Use
By Product Type
-Flower
-Oil
By Distribution Channel
-Regulated Dispensary
-Recreational Stores
-Stand-Alone Retailers
-Online Portals
By End-User
-Patients
-Research Institute
-Research Companies
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North America Cannabis Market Geographical Analysis:
By Country:
-US
-Canada
-Mexico
Competitive Landscape and North America Cannabis Market Share Analysis:
The North America Cannabis market is highly competitive, with several key players dominating the landscape. Some of the prominent companies in the market include:
- 22nd Century Group Inc
- Medical Marijuana Inc
- Hemp Inc
- Axim Biotechnologies Inc
- Arena Pharmaceuticals Inc.
- Canopy Growth Corporation
- Aphria Inc
- Aurora Cannabis Inc
- Abcann Medicinals Inc
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Questions Addressed in this Study
1.What factors are driving the North America Cannabis Market growth?
2.How is the North America Cannabis Market expected to grow over the next five years?
3.What are the key insights into the current trends in the North America Cannabis Market?
4.What is the current size of the North America Cannabis Market, and how is it projected to change in the future?
6.What is the future outlook for the North America Cannabis Market in terms of technological advancements and market expansion?
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