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Canada Legal Cannabis Market Dynamics: Analyzing Current Size, Share, and Growth Trends
The Canada legal cannabis market size is expected to reach USD 5.79 billion by 2030, registering a CAGR of 10.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing awareness of the health benefits related to cannabis and CBD consumption for treating anxiety & seizures and reducing pain is projected to propel the market growth. The high demand for CBD for health and wellness purposes, attributed to its therapeutic properties, is a key driver in the market's growth.
Moreover, the rising number of clinical trials signifies the positive effects of utilizing cannabis for treating various medical conditions. For instance, in February 2024, researchers at the University of British Columbia introduced a first-of-its-kind clinical trial examining the potential of CBD as a treatment for bipolar depression. The trials were approved by Health Canada and funded by the Canadian Institutes of Health Research (CIHR) to investigate how CBD can help manage acute bipolar depression.
Canada Legal Cannabis Market Report Highlights
Based on source, the marijuana segment dominated the market in 2023 and is anticipated to witness the fastest growth over the forecast period owing to the growing adoption of marijuana-based products
Based on derivatives, the CBD segment held the largest market share in 2023, owing to the awareness regarding CBD's effectiveness in treating various medical conditions
Based on cultivation, the indoor segment held the largest market share in 2023 due to the incorporation of artificial intelligence (AI) in cannabis cultivation, rising investments, and favorable government initiatives
Based on end use, the recreational segment dominated the market in 2023 and is anticipated to grow at the fastest CAGR over the forecast period due to the growing consumption of cannabis in the form of vapes, foods, and beverages
For More Details or Sample Copy please visit link @: Canada Legal Cannabis Market Report
Moreover, medical professionals' increasing preference for cannabinoid-based formulations to treat numerous health conditions is another major factor supporting the country's market. Healthcare professionals' higher preference for CBG, CBN-derived products creates a positive influence on consumer minds, thereby boosting their adoption rate and popularity. For instance, in October 2021, Cronos Group Inc. launched its SPINACH FEELZ Chill Bliss 2:1 THC|CBG gummy that features THC and cultured CBG.
Some of the key players in the market are Canopy Growth Corporation, Charlotte's Web, Inc., Aurora Cannabis, Tilray Brands, The Cronos Group, Jazz Pharmaceuticals, Inc., Sundial Growers, and Maricann, Inc. These market players adopt key strategic initiatives to expand their business footprint and market position. For instance, in April 2023, Aurora Cannabis Inc. partnered with Strainprint and announced the launch of the tracking program through Strainprint App. The tracking program is designed for Aurora patients to keep track of their medical cannabis journey.
Furthermore, the rise in awareness regarding cannabis and its potential use in various industries and the introduction of educational programs boost the market growth. For instance, in July 2022, Tilray Brands launched a cannabis education platform, WeCare-Medical Cannabis. The platform is dedicated to educating patients and healthcare practitioners about medical cannabis.
List of major companies in the Canada Legal Cannabis Market
Canopy Growth Corporation
Charlotte's Web, Inc.
Aurora Cannabis Inc.
Tilray Brands
The Cronos Group
Jazz Pharmaceuticals, Inc.
Sundial Growers
Organigram Holding, Inc.
Maricann, Inc.
For Customized reports or Special Pricing please visit @: Canada Legal Cannabis Market Analysis Report
We have segmented the Canada legal cannabis market on the basis of source, derivatives, cultivation, end-use, and region.
#LegalCannabisCanada#CannabisMarket#CannabisIndustry#CanadaCannabis#CannabisLegalization#CannabisRetail#CannabisResearch#MedicalCannabis#RecreationalCannabis#CannabisTrends#CannabisRegulations#CannabisCultivation#CannabisDistribution#CBDCanada#THCProducts#CannabisPolicy#CannabisEconomy#CannabisStocks
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#Repost @drbenjamincaplan with @use.repost ・・・ New York recently released its guidelines for cannabis dispensaries in the state. The seemingly last few steps before rolling out the legal market. Here are the current guidelines that will shape the future of NY’s cannabis market: 1. No overnight shops without special permissions 2. No designs that may attract to those under 21 years old 3. No “gifting” or deceptive pricing 4. No giveaways, discounts or loyalty programs 5. Express lanes, drive thru’s and pick up are allowed 6. No third parties 7. No cannabis business owners from out of state Do you think these guidelines are fair? Or are they too strict? . . . #cannabisregulations #cannabisnews #cannabisfacts #cannabisnewyork #legalizecannabis #dispensary #cannabisindustry #cannabisculture #cannabismedicine #medicalmmj (at 42 Nd Street & 8th Ave. Time Square Manhattan Ny City) https://www.instagram.com/p/ClcWf2ksi57/?igshid=NGJjMDIxMWI=
#repost#cannabisregulations#cannabisnews#cannabisfacts#cannabisnewyork#legalizecannabis#dispensary#cannabisindustry#cannabisculture#cannabismedicine#medicalmmj
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Sharing California Cannabis Regulation! #news #info #cannabisregulations . . . 🇯🇵 Japan) 『大麻は、合法化するしないではなく、どのように合法化するか』と言う時代に成っている。現実的大麻合法化法案の想定条件等を調べてみよう! . . . Korean 🇰🇷) 학교 근처, 교회 근처.. 공공 지역 커뮤니티를 고려한 대마 사업부지 제한?? . . 대마 성분 포함 상품은 디스펜서리에서만 구입할 수 있다? . 대마 관리 유통 및 지역 내 사업 부지 허가 사항까지 .. 대마초 합법과 관련된 법안은 사용자의 안전과 지역 커뮤니티의 발전을 위해 체계적으로 발전되고 있습니다. . . #医療大麻のお医者さん #医療大麻 #医療大麻とは #281japan #281asia #281cannabis #의료용대마 #의료대마합법화 #의료대마 #지식 #knowledge #まとめ買い #痲 #vaping #japanesevaper #tokyo🗼 #murakamiharuki (at California City, California) https://www.instagram.com/p/B0jd9m-FhJj/?igshid=up5zr8z3b6eb
#news#info#cannabisregulations#医療大麻のお医者さん#医療大麻#医療大麻とは#281japan#281asia#281cannabis#의료용대마#의료대마합법화#의료대마#지식#knowledge#まとめ買い#痲#vaping#japanesevaper#tokyo🗼#murakamiharuki
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Learning is long and boring but also fun.....#knowingishalfthebattle #cannabisregulation #cannabisactivity #city #state #federal
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Cannabis legalization policy will set the legal consumption age at 20, would allow for cannabis ‘coffee shops,’ and would permit home grows in New Zealand. Voters will have their chance later this year to vote in one of two referendums at this year’s general election. The proposed cannabis legalization will ban items designed to appeal to children and set a four-year prison term for selling to under 20-year-olds. The final version of the bill also confirmed that the wording of the cannabis referendum question will be a straight ‘Yes or No‘ option. The hope is that this will avoid any confusion. More details https://shorturl.at/osIJK #newzealand #cannabis #cannaforce #cbdreviews #hemp #cannabiscommunity #legalization #endthestigma #cannabisregulation #cannabislegalization #legalizeit #legalizecannabis #auckland #homegrows #growingcbd #growcannabis #cbdoil #cbdflowers #hempflowers #cbd (at Auckland, New Zealand) https://www.instagram.com/p/B_0MH94pWDs/?igshid=1y0ehmj2yy9ez
#newzealand#cannabis#cannaforce#cbdreviews#hemp#cannabiscommunity#legalization#endthestigma#cannabisregulation#cannabislegalization#legalizeit#legalizecannabis#auckland#homegrows#growingcbd#growcannabis#cbdoil#cbdflowers#hempflowers#cbd
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#Repost from @alwaysrunnindank: ・・・ "#feels #StayFuckingCalm" #LUL #californiacannabis #california #cannabis #cannabisregulation #cannabiscommunity
#california#cannabiscommunity#lul#stayfuckingcalm#feels#cannabis#cannabisregulation#repost#californiacannabis
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ILLINOIS 🇺🇸 Onceavo estado de Usa en legalizar el consumo recreativo de Cannabis para mayores de 21 años - #illinois #cannabislegal #marihuanalegal #marihuana #cannabis #cannabisregulation #regulaciondelcannabis #cannabisusa #comunidadcannabica #culturacannabica https://www.instagram.com/p/B61IgKXBcQD/?igshid=10qmsb9wreaxp
#illinois#cannabislegal#marihuanalegal#marihuana#cannabis#cannabisregulation#regulaciondelcannabis#cannabisusa#comunidadcannabica#culturacannabica
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#18 THC interviews DJ Bey/ Growing Pharms
#bebetter#cannabis#cannabisconsulting#cannabisregulations#djbey#earthscience#education#growingpharms#health#hemp#hempcompanies#hempeducation#hempfiber#hempnutrition#hempregulations#jobs#regulations#sustainable#thehempchat#wellness
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North America Legal Cannabis Products: Analyzing Current Size, Share, and Growth Trends
The North America legal cannabis market size is expected to reach USD 82.18 billion by 2030, registering a CAGR of 11.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Factors such as legalization of cannabis, growing awareness about the therapeutic benefits of cannabis-based products, and rising use of cannabis for medical & recreational purposes. Cannabis-derived products are widely used for treating patients suffering from chronic conditions, such as cancer, Parkinson’s disease, Alzheimer’s disease, and arthritis.
Moreover, the rising number of clinical trials signifies the positive effects of utilizing cannabis for treating various medical conditions. For instance, a clinical study published by Sage Journal in May 2023 reported that non-inhaled medical cannabis or cannabinoids result in a very small to small improvement in pain relief, sleep quality, and physical functioning in patients suffering from chronic pain. Thus, such positive results increase the demand for cannabis-based medicines in this region.
North America Legal Cannabis Market Report Highlights
By source, the marijuana segment dominated the market in 2023 and is anticipated to witness the fastest growth over the forecast period owing to the growing adoption of marijuana products along with the increasing legalization of medical marijuana
By derivatives, the CBD segment held the largest market share in 2023, owing to the rising use of CBD for various medical applications and awareness regarding its effectiveness in treating various medical conditions
By cultivation, the indoor segment held the largest market share in 2023 due to rising investments, technological advancements & innovations, favorable government initiatives, and regulatory framework
By end use, the recreational segment dominated the market in 2023 and is anticipated to grow at the fastest CAGR over the forecast period due to the growing adoption of cannabis vape pens among youths and increased use of cannabis for recreational purposes
In 2023, the U.S. accounted for the largest market share in the North America legal cannabis market, owing to favorable reimbursement policies for medical cannabis and the positive attitude of consumers towards cannabis utilization
For More Details or Sample Copy please visit link @: North America Legal Cannabis Market Report
Incorporating artificial intelligence (AI) and robotics into cannabis cultivation enhances efficiency and standardizes yields by offering advanced crop management and prediction capabilities. This technology reduces costs and the need for manual labor by incorporating data analysis from various indicators, such as environmental conditions and soil quality, forecasting potential problems, optimizing growing practices, and managing resources effectively. For instance, in June 2024, PURPLEFARM,a Canadian company, partnered with Neatleaf, an AI company, to optimize and automate its cannabis cultivation processes using the Neatleaf Spyder system.
Some of the key players in the market are Canopy Growth Corporation, Charlotte's Web, Inc., Aurora Cannabis, Tilray Brands, The Cronos Group, Jazz Pharmaceuticals, Inc., Sundial Growers, and Medipharm Labs. These companies adopt key strategic initiatives to expand their business footprint and market position. For instance, in November 2022, Charlotte's Web Inc. entered a strategic alliance with Tilray, a Canada-based cannabis packaged goods company. This alliance allows Charlotte to manufacture and distribute its CBD hemp extract offerings in Canada.
List of Key Players of North America Legal Cannabis Market
Canopy Growth Corporation
Charlotte's Web, Inc.
Aurora Cannabis Inc.
Tilray Brands
The Cronos Group
Jazz Pharmaceuticals, Inc.
Sundial Growers
Medipharm Labs
NuLeaf Naturals, LLC
Irwin Naturals
For Customized reports or Special Pricing please visit @: North America Legal Cannabis Market Analysis Report
We have segmented the North America legal cannabis market on the basis of source, derivatives, cultivation, end use, and region.
#CannabisIndustry#LegalMarijuana#MedicalCannabis#RecreationalCannabis#CannabisLegalization#CBDMarket#THCProducts#HempIndustry#CannabisDispensaries#CannabisRegulations#CannabisCultivation#MarijuanaBusiness#CannabisStocks#CannabisPolicy#CannabisTaxation#CannabisEdibles#CannabisConsumption#MarijuanaProducts#GlobalCannabisMarket#CannabisTrends
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a thot on marijuana DUIs
instilling a sort of fear in doing something that can very well otherwise, and most very often will be done regardless just manifests into a dimension of paranoia, ..an additional dimension added to the RAM drives of each navigator, (often those who aren't even doing it either) ...which is counterproductive to the cause ..i think theres a lot of "Golden Rule" implimentations that are going to make way into our ..politicals maybe a number scale strike system of some sort ...but the goal here being use your friggin' 'head
#cannabis#marijuanna#dui#legislation#marijuannalegislation#cannabislegislation#marijuannaregulation#cannabisregulation#goldenrule
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Fraud is Increasing in the Cannabis Testing Market. With more states legalizing cannabis for medical and recreational use, regulation has become a prevalent topic throughout the industry. The markets for virtually all types of marijuana use (except for industrial hemp) have been rapidly growing at the state levels without any federal oversight. One significant result is the inconsistencies from state to state between testing requirements and the licensing of third-party independent labs.
Click on the link below to read the rest of this article:
https://cannaprocure.com/fraud-is-increasing-in-the-cannabis-testing-market/
#Cannaprocure #CannabisIndustry #CannabisTestingLabs #CannabisRegulations
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Sharing California Cannabis Regulation! #news #info #cannabisregulations . . . 🇯🇵 Japan) 『大麻は、合法化するしないではなく、どのように合法化するか』と言う時代に成っている。現実的大麻合法化法案の想定条件等を調べてみよう! . . . Korean 🇰🇷) 학교 근처, 교회 근처.. 공공 지역 커뮤니티를 고려한 대마 사업부지 제한?? . . 대마 성분 포함 상품은 디스펜서리에서만 구입할 수 있다? . 대마 관리 유통 및 지역 내 사업 부지 허가 사항까지 .. 대마초 합법과 관련된 법안은 사용자의 안전과 지역 커뮤니티의 발전을 위해 체계적으로 발전되고 있습니다. . . #医療大麻のお医者さん #医療大麻 #医療大麻とは #281japan #281asia #281cannabis #의료용대마 #의료대마합법화 #의료대마 #지식 #knowledge #まとめ買い #痲 #vaping #japanesevaper #tokyo🗼 #murakamiharuki (at California City, California) https://www.instagram.com/p/B0jd9m-FhJj/?igshid=1j727vp8a90t1
#news#info#cannabisregulations#医療大麻のお医者さん#医療大麻#医療大麻とは#281japan#281asia#281cannabis#의료용대마#의료대마합법화#의료대마#지식#knowledge#まとめ買い#痲#vaping#japanesevaper#tokyo🗼#murakamiharuki
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According to new research, lasers can be used to tell the difference between hemp and marijuana in a fast, affordable and precise manner. A team of researchers at Texas A&M University were able to “determine whether plant material is hemp or marijuana with 100% accuracy” by using a hand-held laser device called a Raman spectrometer (RS). The study was published last month by the journal RSC Advances. Will this be the end of cops confiscating large amounts of hemp? https://pubs.rsc.org/en/content/articlelanding/2020/ra/c9ra08225e?t#!divAbstract #hempregulations #cbdregulations #hemp #marijuana #cannabis #cbdoil #cbd #hempcbd #cbdhemp #cbdflowers #hempdlowers #hempdlower #cbdflower #biomass #hempbiomass #hempresearch #hempstudy #marijuanaresearch #cannabisregulation #hempregulation #cbdregulation #cannabisstudy (at Texas A&M University) https://www.instagram.com/p/B8uZYythVbM/?igshid=hnjqde0uki48
#hempregulations#cbdregulations#hemp#marijuana#cannabis#cbdoil#cbd#hempcbd#cbdhemp#cbdflowers#hempdlowers#hempdlower#cbdflower#biomass#hempbiomass#hempresearch#hempstudy#marijuanaresearch#cannabisregulation#hempregulation#cbdregulation#cannabisstudy
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Ugggghhhh so triggered by #Prop64, only a few days til $70+ eighths that have to be delivered before 10pm 😡😡😡😠😠😠😬🙃 I predict it will take 1.5-2 years to start shifting to a more ideal form of legalization after enough of the problems have become painfully apparent to the majority of the stakeholders in the situation. Stay positive ✨✨ #frustrating #legalies #legaliesation #AUMA #cannabiscommunity #medicalcannabis #cannabis #420 #californiacannabis #california #cannabisregulation #clusterfuckery #prayforseriousCAmedicalcannabispatients 🙏 (at California)
#californiacannabis#legalies#clusterfuckery#cannabisregulation#cannabis#auma#prop64#cannabiscommunity#420#legaliesation#prayforseriouscamedicalcannabispatients#frustrating#california#medicalcannabis
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