#Legal Cannabis Market Forecast

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Legal Cannabis Market Size-Share, Growth Factors, Forecast 2023-2030

Global Legal Cannabis Market is expected to grow at a significant growth rate, and the forecast period is 2023-2030, considering the base year as 2022.

The Legal Cannabis Market has experienced unprecedented growth in recent years, driven by changing societal attitudes towards cannabis, increasing legalization efforts, and the recognition of its potential economic benefits. As more regions around the world embrace cannabis for medical and recreational use, the market has evolved into a dynamic and multifaceted industry. The market encompasses a wide range of products, including cannabis flower, edibles, concentrates, and pharmaceuticals, creating a diverse landscape with numerous opportunities for both established players and new entrants.

Leading Key Players Covered Legal Cannabis Market: -

Canopy Growth Corporation (Canada), Aphria Inc. (Canada), VIVO marijuana Inc. (Canada), OrganiGram Holding Inc. (Canada), Aurora marijuana Inc. (Canada), The Green Organic Dutchman (Canada), Atlas Growers (Canada), Maricann Group, Inc. (Canada), Tilray Inc. (Canada), Terra Tech Corp. (US), Stenocare A/S (Denmark), HEXO Corp. (Canada), Medical Cannabis Inc. (US), AlephSana GmbH (Germany), Tikun Olam Ltd. (Israel), Cannabis Science Inc. (US) and Other Major Players

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Market Driver:

One significant market driver propelling the Legal Cannabis Market is the growing acceptance of cannabis for medicinal purposes. Increasing awareness of the therapeutic properties of cannabis, along with a shift in regulatory frameworks favoring medical cannabis use, has fueled demand. The expanding list of medical conditions where cannabis is prescribed, such as chronic pain, epilepsy, and anxiety, is driving the market's growth. As more scientific research validates the medical efficacy of cannabis, it not only enhances consumer confidence but also attracts investments and stimulates innovation in product development.

Market Opportunity:

A key market opportunity lies in the emerging trend of cannabis-infused products and beverages. The shift towards alternative consumption methods, such as edibles and beverages, presents a vast opportunity for market players. As consumers seek discreet and convenient ways to incorporate cannabis into their lifestyles, the market for infused products is expected to witness significant growth. This includes a wide range of offerings, from cannabis-infused snacks and beverages to more sophisticated formulations catering to specific health and wellness needs. Companies that can successfully navigate this segment stand to capitalize on the evolving preferences of consumers.

Segmentation of Legal Cannabis Market: -

By Type          

By Product Type       

By Sales Channel       

By Application          

By End-User   

By Region      

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Marijuana Drying and Curing Equipment Market Overview: Key Drivers and Challenges 2029

The Marijuana Drying and Curing Equipment Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2029. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.

Brief Overview of the Marijuana Drying and Curing Equipment Market:

The global Marijuana Drying and Curing Equipment Market is expected to experience substantial growth between 2024 and 2029. Starting from a steady growth rate in 2023, the market is anticipated to accelerate due to increasing strategic initiatives by key market players throughout the forecast period.

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Which are the top companies operating in the Marijuana Drying and Curing Equipment Market?

The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Marijuana Drying and Curing Equipment Market report provides the information of the Top Companies in Marijuana Drying and Curing Equipment Market in the market their business strategy, financial situation etc.

Nov Cann drying Systems, LLC (U.S), Darwin Chambers (U.S),Controlled Environments Limited (Canada), Autocure (U.S),2029UMO TECHNOLOGIES (U.S), DHydra Technologies (Canada), EnWave Corporation (Canada), HARTER drying solutions (Germany), PROTEIN SOLUTIONS GROUP (U.S), Tikun Olam (Israel), Canopy Growth Corporation (Canada), Aphria, Inc. (Canada), Organigram Holdings, Inc. (Canada), Aurora Cannabis Inc. (Canada), The Cronos Group (Canada), Maricann Inc. (Canada), Tilray Brands Inc. (U.S)

Report Scope and Market Segmentation

Which are the driving factors of the Marijuana Drying and Curing Equipment Market?

The driving factors of the Marijuana Drying and Curing Equipment Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.

Marijuana Drying and Curing Equipment Market - Competitive and Segmentation Analysis:

**Segments**

- **Product Type**: The market for marijuana drying and curing equipment can be segmented based on product type into trays, racks, shelves, and others. Different types of equipment are used for the drying and curing process, with trays and racks being popular choices due to their efficiency and ease of use.

- **End-Use**: In terms of end-use, the market can be divided into commercial and residential segments. Commercial end-users include licensed producers, dispensaries, and processors, while residential users consist of individual growers. The commercial segment is expected to dominate the market as the cannabis industry continues to expand globally.

- **Application**: The equipment market can also be segmented by application, including medical and recreational marijuana. Medical marijuana is used for various ailments and health conditions, while recreational marijuana is consumed for leisure and relaxation purposes. The increasing legalization of both types of cannabis is driving the demand for drying and curing equipment.

**Market Players**

- **CannSystems** - **EnWave Corporation** - **Canncraft** - **Provincial Refrigeration Limited** - **Helius Therapeutics** - **Canopy Growth Corporation** - **Dhydra Technologies** - **MODUL** - **Stanex** - **STRONG SCIENTIFIC**

The global marijuana drying and curing equipment market is witnessing substantial growth, driven by the increasing legalization of cannabis across various regions. The demand for efficient and reliable equipment for the drying and curing process is on the rise, particularly in countries where cannabis cultivation is legal for medical and recreational purposes. Technological advancements in the equipment sector are also contributing to market growth, as manufacturers are developing innovative solutions to cater to the evolving needs of cannabis producers. With key players investing in research and development activities, the market is expected to witness significant expansion by 2029.

Factors such as the increasing acceptance of cannabis for medical purposes, growing investments in the cannabis industry, and the rising number of licensed producers are expected to propel market growth over the forecast period.The global marijuana drying and curing equipment market is experiencing remarkable growth, mainly driven by the expanding legalization of cannabis worldwide. As more regions legalize cannabis for medical and recreational purposes, the demand for efficient drying and curing equipment is on the rise. This increasing acceptance of cannabis for medical applications is a significant driver for market growth, as more patients are turning to medical marijuana for various health conditions. Additionally, the growing investments in the cannabis industry are fueling the demand for high-quality equipment to ensure the proper drying and curing of cannabis products.

Key players in the market are investing heavily in research and development activities to introduce innovative solutions that cater to the evolving needs of cannabis producers. Technological advancements in the equipment sector are playing a crucial role in driving market growth, with companies developing cutting-edge solutions to improve the efficiency and reliability of the drying and curing process. These innovations are essential for meeting the increasing demand for high-quality cannabis products in both the medical and recreational sectors.

The market segmentation based on product type allows for a targeted approach towards meeting the specific needs of different end-users. Trays, racks, shelves, and other types of equipment cater to the diverse requirements of cannabis producers, offering efficient and user-friendly solutions for the drying and curing process. The commercial segment, which includes licensed producers, dispensaries, and processors, is expected to dominate the market, given the rapid expansion of the cannabis industry globally. However, the residential segment comprising individual growers also presents opportunities for equipment manufacturers to provide solutions tailored to smaller-scale operations.

The application-based segmentation of the equipment market into medical and recreational marijuana reflects the dual nature of the cannabis industry. Medical marijuana is gaining increasing acceptance for its therapeutic properties, driving the demand for high-quality drying and curing equipment to ensure the preservation of medicinal benefits. On the other hand, recreational marijuana caters to the growing demand for cannabis products consumed for leisure and relaxation purposes, further boosting the market for drying and curing equipment.

In conclusion, the global marijuana drying and curing equipment market is poised for substantial growth**Market Players**

- Nov Cann Drying Systems, LLC (U.S) - Darwin Chambers (U.S) - Controlled Environments Limited (Canada) - Autocure (U.S) - 2029UMO TECHNOLOGIES (U.S) - DHydra Technologies (Canada) - EnWave Corporation (Canada) - HARTER Drying Solutions (Germany) - PROTEIN SOLUTIONS GROUP (U.S) - Tikun Olam (Israel) - Canopy Growth Corporation (Canada) - Aphria, Inc. (Canada) - Organigram Holdings, Inc. (Canada) - Aurora Cannabis Inc. (Canada) - The Cronos Group (Canada) - Maricann Inc. (Canada) - Tilray Brands Inc. (U.S)

The global market for marijuana drying and curing equipment is witnessing significant growth due to factors such as the increasing legalization of cannabis for both medical and recreational purposes, advancements in technology, and the rising number of licensed producers. The demand for efficient equipment for the drying and curing process is on the rise as the cannabis industry expands globally. Key players in the market are investing in research and development to introduce innovative solutions that cater to the evolving needs of cannabis producers. This focus on technological advancements is crucial in meeting the increasing demand for high-quality cannabis products.

The segmentation of the market based on product type, end-use, and application allows for a targeted approach to meet the specific needs of different segments within the industry. Different types of equipment

North America, particularly the United States, will continue to exert significant influence that cannot be overlooked. Any shifts in the United States could impact the development trajectory of the Marijuana Drying and Curing Equipment Market. The North American market is poised for substantial growth over the forecast period. The region benefits from widespread adoption of advanced technologies and the presence of major industry players, creating abundant growth opportunities.

Similarly, Europe plays a crucial role in the global Marijuana Drying and Curing Equipment Market, expected to exhibit impressive growth in CAGR from 2024 to 2029.

Explore Further Details about This Research Marijuana Drying and Curing Equipment Market Report https://www.databridgemarketresearch.com/reports/global-marijuana-drying-and-curing-equipment-market

Key Benefits for Industry Participants and Stakeholders: –

Industry drivers, trends, restraints, and opportunities are covered in the study.

Neutral perspective on the Marijuana Drying and Curing Equipment Market scenario

Recent industry growth and new developments

Competitive landscape and strategies of key companies

The Historical, current, and estimated Marijuana Drying and Curing Equipment Market size in terms of value and size

In-depth, comprehensive analysis and forecasting of the Marijuana Drying and Curing Equipment Market

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2029) of the following regions are covered in Chapters

The countries covered in the Marijuana Drying and Curing Equipment Market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of the Middle East and Africa

Detailed TOC of Marijuana Drying and Curing Equipment Market Insights and Forecast to 2029

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Marijuana Drying and Curing Equipment Market Landscape

Part 05: Pipeline Analysis

Part 06: Marijuana Drying and Curing Equipment Market Sizing

Part 07: Five Forces Analysis

Part 08: Marijuana Drying and Curing Equipment Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Marijuana Drying and Curing Equipment Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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CBD skincare product Market Future Prospects: Industry Predictions and Expansion Strategies

The global CBD skincare product market is experiencing remarkable growth, driven by increasing consumer awareness of the benefits associated with CBD-infused personal care items. Valued at USD 2,297.8 million in 2023, the market is projected to reach USD 22,191.0 million by 2032, exhibiting a compound annual growth rate (CAGR) of 28.7% over the forecast period 2024-2032.

Market Segmentation:

The CBD skincare product market is segmented based on product type, distribution channel, source, and region.

By Product Type:

Oils

Creams & Moisturizers

Masks & Serums

Cleansers

Others

By Distribution Channel:

Online Retailers

Supermarkets/Hypermarkets

Specialty Stores

Pharmacies

Others

By Source:

Hemp-derived CBD

Marijuana-derived CBD

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Regional Analysis:

North America currently dominates the CBD skincare product market, attributed to increased cannabis sales and cultivation, particularly for addressing serious skin conditions. The region's proactive approach to cannabis legalization and consumer acceptance has further propelled market growth. Europe and the Asia-Pacific regions are also witnessing significant growth, driven by rising consumer awareness and the gradual legalization of CBD-infused products.

Key Players

Cannuka, LLC

Earthly Body

Josie Maran

Kapu Maku LLC. (Populum)

Kiehl’s

LEEF

Lord Jones

Sephora USA, Inc.

The CBD Skincare Co

Kush Creams

Isodiol International Inc.

Endoca 

Kapu Maku LLC.

LEEF organics

Vertly

Lily CBD

Kana Skincare 

L’Oréal SA

Elixinol

Green Growth Brands

Herbivore botanicals

IldiPekar Skin Care & Spa

Isodiol International Inc

Josie Maran Cosmetics

CBD for Life and others.

Key Highlights:

Growing consumer demand for natural and chemical-free skincare solutions is driving the market.

Major retailers, including Sephora and Ulta Beauty, are featuring CBD skincare products, enhancing accessibility for consumers.

Innovative product launches by companies such as Bombay Hemp Company and Avicanna Inc. are expanding the market.

Future Outlook:

The CBD skincare product market is poised for substantial growth, driven by ongoing research and product innovation. As consumers increasingly seek natural and therapeutic skincare solutions, CBD-infused products are expected to gain further traction. The trend towards legalization and acceptance of CBD across various regions will also play a crucial role in shaping the market's future landscape.

Conclusion:

The global CBD skincare product market is on a robust growth trajectory, with significant opportunities emerging across various segments and regions. Stakeholders, including manufacturers, retailers, and investors, are well-positioned to capitalize on the evolving consumer preferences towards CBD-infused skincare solutions.

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Cannabis Extract Market: Key Trends and Innovations Driving Industry Growth

The global cannabis extract market size is expected to reach USD 15.5 billion by 2030. According to a new report by Grand View Research, Inc, it is expected to expand at a CAGR of 20.0% over the forecast period. The growth is attributed to the rising usage of cannabis for recreational and medical purposes has increased. Various nations have legalized cannabis usage which has reduced the sale in the black market and increased legal product purchases.

The industry has also opened revenue-generating opportunities for various countries through government-imposed taxes on cannabis oil and tinctures that are commonly used to treat various ailments, including anxiety, nausea, and cancer. The rising prevalence of cancer is also a significant factor. The growing burden of chronic pain has also increased the demand for treatments related to pain management and thus, positively impacting the growth.

Based on product type, the oil segment held the largest revenue share of 62.8% in 2022 and is also expected to grow at the fastest rate. The product's rising medical application is one of the supporting aspects. Based on the extract, the full spectrum segment dominated with a revenue share of 69.7% in 2021. The segment has been exploding in the overall market expansion due to the increased usage of marijuana for medical and recreational applications. Legalizing marijuana has resulted in increased product purchases through legal channels, reducing black market sales in several nations.

North America held the largest revenue share of 78.5% in 2022. The legalization of cannabis extract in many sectors, such as pharmaceutical and other industries, has increased demand for the product throughout North America, particularly in the United States.

Gather more insights about the market drivers, restrains and growth of the Cannabis Extract Market

Cannabis Extract Market Report Highlights

• The growing cannabis legalization in several nations, demand for cannabis oil and tinctures, and the use of medical marijuana to treat chronic ailments are the factors expected to drive the growth of the industry

• The oil segment dominated with a revenue share of 62.8% in 2022, owing to the product's rising medical applications, simplicity of availability, and low price

• The full spectrum segment held the leading revenue share of 70.7% in 2022. The entourage effect-a synergistic link between cannabinoids and terpenes that increases each cannabinoid's therapeutic properties-is one of the key factors boosting segment share

• Based on source, marijuana held the highest revenue share in 2022 and is also expected to register the fastest CAGR over the forecast period

• North America accounted for the highest revenue share of 78.5% in 2022, owing to increased product uptake and usage due to marijuana legalization in the region

Cannabis Extract Market Segmentation

Grand View Research has segmented the global cannabis extract market based on product type, extract type, sources, end-use, and region:

Cannabis Extract Product Type Outlook (Revenue, USD Million, 2016 - 2030)

• Oils

• Tinctures

Cannabis Extract Type Outlook (Revenue, USD Million, 2016 - 2030)

• Full Spectrum Extracts

• Cannabis Isolates

Cannabis Extract Sources Outlook (Revenue, USD Million, 2016 - 2030)

• Hemp

• Marijuana

Cannabis Extract End-use Outlook (Revenue, USD Million, 2016 - 2030)

• Medical Use

o Cancer

o Chronic Pain

o Depression and Anxiety

o Arthritis

o Diabetes

o Glaucoma

o Migraines

o Epilepsy

o Multiple Sclerosis

o AIDS

o Amyotrophic Lateral Sclerosis

o Alzheimer’s

o Post-Traumatic Stress Disorder (PTSD)

o Parkinson's

o Tourette’s

o Others

• Recreational Use

Cannabis Extract Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K

o Germany

o Netherlands

o Switzerland

o Italy

o Poland

o Czech Republics

o Croatia

• Asia Pacific

o China

o Japan

o Australia

• Latin America

o Brazil

o Mexico

o Colombia

o Chile

• Middle East and Africa

o Israel

o South Africa

Order a free sample PDF of the Cannabis Extract Market Intelligence Study, published by Grand View Research.

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Australia Legal Cannabis Market Focusing On The Basis Of Source, Derivative, End-Use And Forecast 2030: Grand View Research Inc.

San Francisco, 17 January 2025: The Report Australia Legal Cannabis Market Size, Share & Trends Analysis Report By Source (Marijuana, Hemp), By Derivative (CBD, THC), By End-use (Medical Use, Recreational Use, Industrial Use), And Segment Forecasts, 2024 – 2030 The Australia legal cannabis market size is expected to reach USD 540.6 million by 2030, registering a CAGR of 27.8% from 2024 to 2030,…

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Soil-Free, Limitless Potential: Driving Growth in the Hydroponics Industry

The global hydroponics market size is estimated to reach USD 10.98 billion by 2030, exhibiting a CAGR of 12.4% from 2024 to 2030, according to the new study conducted by Grand View Research, Inc. The integration of smart farming technologies, notably exemplified by the adoption of vertical farming, has played a pivotal role in advancing hydroponics and is projected to be a key driver of market growth. The continuous improvement in hydroponics technologies, coupled with the introduction of state-of-the-art innovations such as environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, is expected to significantly bolster the demand for hydroponic solutions in the market.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is poised for substantial growth at a high Compound Annual Growth Rate (CAGR) during the forecast period. In contrast, aggregate hydroponics farming involves a range of technologies, including drip, wick, and ebb and flow systems. In these methods, plants are cultivated using a medium like rock wool or perlite. Selecting the appropriate medium is crucial for farmers, considering variations in pH and thickness that can impact root growth. However, liquid systems, such as deep-water culture and Nutrient Film Technique (NFT), eliminate the need for such media by delivering nutrients directly to the roots. This streamlined approach not only enhances efficiency but also accelerates the time required for yielding crops. Consequently, the adoption of liquid systems is anticipated to experience substantial growth throughout the forecast period.

The primary crops cultivated through the hydroponics method are tomatoes, lettuce, cucumber, and herbs. The majority of indoor farmers use hydroponic systems to grow tomatoes. As a result, the tomatoes segment dominates the entire market in 2022 and is estimated to continue its dominance over the forecast period. Rising demand for organically grown, pesticide-free, and highly nutritious vegetables is expected to drive the adoption of hydroponics for the cultivation of lettuce and other leafy vegetables along with other indoor farming techniques. Among all the leafy vegetables, green leaf lettuce is increasingly gaining popularity among the growers owing to its high consumption rate and worldwide demand. However, owing to the changing and favorable regulations about the growth of legalized marijuana, cannabis farmers across the globe are increasingly adopting the hydroponic farming method.

Asia Pacific held the largest market share in 2023, as countries such as China, India, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

The market is fragmented and has the presence of several key market players. Some prominent players in the market include AeroFarms, AmHydro, Argus Control Systems Limited, BrightFarms., Heliospectra and UrbanKisaan, among others. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, AeroFarms and Silal, a prominent fresh produce and agri-tech company in Abu Dhabi, have entered into a Memorandum of Understanding (MoU) to establish a durable research and development partnership focused on knowledge and technology exchange in advanced farming methods such as verical farming and hydroponics farming with local farmers.

Hydroponics Market Report Highlights

The market is expected to grow due to factors such as increasing demand for high-quality and pesticide-free crops, limited availability of arable land, and advancements in technology for efficient cultivation.

The aggregate systems holds a significant market share in the market due to factors such as their ability to provide controlled environments for plant growth, efficient nutrient delivery systems, and the flexibility to cultivate a wide range of crops.

The lettuce segment is projected to grow at the fastest CAGR of 15.4% over the forecast period. The online distribution channel segment growth is attributed to the factors such as its relatively short growth cycle, rising demand from households and fast-food chains, and its raw consumption in large quantities.

Europe is likely to emerge as the prominent segment, holding the largest market share by 2030. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics.

Hydroponics Market Segmentation

Grand View Research has segmented global hydroponics market report based on type, crop type, crop area, and region

Hydroponics Type Outlook (Revenue, USD Billion, 2017 - 2030)

Aggregate Systems

EBB & Flow Systems

Drip Systems

Wick Systems

Liquid Systems

Deep Water Culture

Nutrient Film Technique (NFT)

Aeroponics

Hydroponics Crop Type Outlook (Revenue, USD Billion, 2017 - 2030)

Tomatoes

Lettuce

Peppers

Cucumbers

Herbs

Others

Hydroponics Crop Area Outlook (Revenue, USD Billion, 2017 - 2030)

Upto 1000 sq.ft.

1000-50000 sq.ft.

Above 50000 sq.ft

Hydroponics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Asia Pacific

China

Japan

India

South America

Brazil

Middle East and Africa (MEA)

Key Players

AeroFarms

AmHydro

Argus Control Systems Limited

Emirates Hydroponics Farms

Freight Farms, Inc.

Heliospectra

Signify Holding

Nutrifresh India

UrbanKisaan

Order a free sample PDF of the Hydroponics Market Intelligence Study, published by Grand View Research.

[whfarm]

Invest in CBD: Exploring the Financial Benefits of the CBD Industry

Introduction

The Growing Demand for CBD

CBD, or cannabidiol, is a non-psychoactive compound derived from the hemp plant. Unlike THC (tetrahydrocannabinol), CBD does not produce a “high,” making it an attractive option for people seeking natural remedies without the mind-altering effects of marijuana. Over the last decade, CBD has gained massive popularity, especially in the wellness and personal care industries. With an ever-growing demand for CBD products, it’s no surprise that investors are increasingly looking at ways to invest in CBD.

The Global CBD Market: A Lucrative Investment Opportunity Fueled by Legalization and Health Benefits

The global CBD market is forecasted to reach significant milestones over the next few years, making it an appealing option for both new and seasoned investors. One of the main drivers of this market expansion is the legal shift towards the legalization of hemp-derived products, along with increased awareness about the potential health benefits of CBD. From pain relief to stress management, sleep aid to skincare, people are turning to CBD products for natural remedies, which is fueling the market growth.

How to Invest in CBD

There are several ways to invest in CBD, whether through direct product sales, stocks, or partnerships with established CBD oil manufacturers. Here are some of the most popular methods:

CBD Stocks: Many publicly traded companies are leading the charge in the CBD industry. Companies that cultivate, extract, and distribute CBD products or those involved in the broader cannabis sector are ideal for investors looking to get involved in the market.

CBD Startups: If you’re willing to take on a bit more risk, investing in smaller, emerging CBD startups can lead to high rewards. Many of these companies are developing innovative products or expanding into new markets. It’s important to understand the potential of these businesses and their position within the industry.

Partnerships with Manufacturers: Another lucrative way to invest in CBD is by partnering with CBD oil manufacturers. These companies are the backbone of the CBD supply chain, producing everything from tinctures to edibles, and even topical creams.

CBD Infused Products: One popular segment to consider is CBD-infused wine. Wine lovers and CBD enthusiasts alike are increasingly interested in products that combine the relaxation effects of alcohol with the soothing benefits of CBD.

The Rise of CBD Infused Wine

Understanding CBD Oil Manufacturers

Another critical area of the CBD industry is the manufacturing of CBD oil. CBD oil manufacturers play a pivotal role in ensuring that consumers receive high-quality products that meet legal and safety standards. These manufacturers are responsible for extracting CBD from hemp, refining it, and creating products for retail sale.

Choosing the Best Carrier Oil for CBD

While considering how to invest in CBD, it’s essential to understand the different components that make up a CBD product, including the carrier oils. The best carrier oil for CBD is an essential consideration for manufacturers and consumers alike, as it impacts the product’s bioavailability, absorption, and overall effectiveness.

Conclusion

The financial benefits of investing in CBD are becoming increasingly apparent as the market continues to grow. From CBD infused wine to partnering with reputable CBD oil manufacturers, there are many ways to tap into the booming CBD market. Whether you choose to invest in stocks, CBD startups, or manufacturing partnerships, this industry offers numerous opportunities for investors to diversify and capitalize on the rising demand for natural wellness products.

FAQs

1. Why should I invest in CBD?

Investing in CBD offers the potential for significant financial growth due to the increasing demand for natural wellness products. With CBD’s wide range of health benefits and the growing acceptance of hemp-based products, the CBD market is expected to continue expanding rapidly.

2. What are the benefits of partnering with CBD oil manufacturers?

Partnering with reputable CBD oil manufacturers allows you to tap into their established supply chains, quality control processes, and a broad range of products. This reduces the risks associated with starting a CBD production company from scratch, ensuring a more streamlined and scalable business model.

3. What types of products can I invest in within the CBD market?

The CBD market offers a diverse range of products to invest in, including CBD oils, tinctures, edibles, topicals, capsules, and even niche products like CBD-infused wine. This variety allows investors to cater to different consumer segments and capitalize on various market trends.

4. How do I know if a CBD oil manufacturer is reputable?

Reputable CBD oil manufacturers should have transparency in their production processes, including third-party lab testing to verify the potency and purity of their products. You should also research the company’s track record in terms of compliance with regulations, quality standards, and customer satisfaction.

5. Is it risky to invest in CBD products?

Like any investment, there are risks involved, especially due to fluctuating regulations and market competition. However, partnering with well-established CBD oil manufacturers can help mitigate these risks by providing you with a proven business model and high-quality products.

[sabrinawillson03]

The Growing Cannabidiol (CBD) Market in Mexico: A CAGR of 26.60% Forecasted from 2024 to 2032

The cannabidiol (CBD) market in Mexico has experienced significant growth in 2023, marking a pivotal moment for the emerging cannabis industry in the country. As consumer awareness around the benefits of CBD products continues to expand, Mexico's CBD market is poised for substantial growth in the coming years. According to recent estimates, the market is expected to grow at a compound annual growth rate (CAGR) of 26.60% between 2024 and 2032. This growth trajectory highlights the increasing demand for CBD products in Mexico and positions the country as a key player in the global CBD market.

A Snapshot of the CBD Market in Mexico

Cannabidiol, a non-psychoactive compound derived from the cannabis plant, has gained popularity worldwide for its potential health benefits. In Mexico, the market for CBD products, including oils, tinctures, edibles, creams, and capsules, has grown steadily, fueled by both local and international demand. In 2023, the Mexican CBD market saw notable advancements, including the easing of regulatory frameworks and a growing interest in natural wellness products.

While the legal landscape for cannabis products in Mexico is still evolving, the government has made significant strides toward the acceptance and regulation of CBD products. Mexico legalized the use of CBD products containing less than 1% THC in 2017, opening the door for both domestic production and importation of CBD products. Additionally, discussions around the broader legalization of cannabis have increased, creating further potential for market expansion.

Factors Driving the Growth of the CBD Market in Mexico

Several factors are contributing to the rapid growth of the CBD market in Mexico, and these can be attributed to both domestic and global trends. Below are the key drivers:

1. Growing Consumer Awareness of CBD Benefits

One of the most significant factors contributing to the market's growth is the increasing awareness among Mexican consumers about the potential health benefits of CBD. Many people are turning to CBD as a natural alternative to pharmaceuticals for managing various health conditions, such as anxiety, chronic pain, sleep disorders, and inflammation. The rising awareness of these benefits is fueling demand for CBD-based wellness and personal care products across the country.

2. Expanding Retail Channels

CBD products are now more accessible to Mexican consumers than ever before. The rise of e-commerce platforms, coupled with the growing availability of CBD in health and wellness stores, pharmacies, and even supermarkets, has expanded the reach of CBD products. Major retail chains in Mexico are starting to carry CBD products, making them more visible and accessible to consumers. This has led to a surge in sales, especially among the health-conscious and those seeking natural alternatives to conventional medicines.

3. Regulatory Developments and Legalization

Mexico has made considerable progress in regulating the cannabis industry, particularly CBD. The legalization of CBD products containing less than 1% THC in 2017 was a key step in enabling the market's growth. In 2021, Mexico also passed a law allowing the use of cannabis for medicinal purposes, further contributing to the positive regulatory environment for CBD products. While the full legalization of recreational cannabis is still in progress, these regulatory changes are laying the foundation for increased market growth in the years to come.

4. International Market Influence

Mexico’s CBD market is also benefiting from global trends. The rising demand for CBD products in North America, particularly the U.S., has influenced the Mexican market. As CBD continues to gain traction in international markets, companies in Mexico are increasingly looking to meet the demand for CBD products, both domestically and for export.

5. Product Innovation and Variety

The range of CBD products available to Mexican consumers is expanding rapidly. In addition to traditional CBD oils and tinctures, Mexican consumers now have access to a wide variety of CBD-infused products such as gummies, beverages, skincare items, and even pet products. As companies innovate to offer diverse options that appeal to different segments of the market, consumer interest in CBD products continues to rise.

Challenges Facing the CBD Market in Mexico

While the CBD market in Mexico shows promising growth potential, there are several challenges that could impact its development in the coming years.

1. Regulatory Uncertainty

Despite the progress made in regulating CBD, there are still some regulatory hurdles to overcome. The legal framework for cannabis products in Mexico remains somewhat ambiguous, particularly regarding the cultivation, production, and sale of cannabis for recreational use. Full legalization and clearer regulations could enhance market stability and encourage further investments in the CBD sector.

2. Limited Education and Misinformation

Although consumer awareness is growing, there is still a degree of misinformation surrounding CBD and cannabis products in Mexico. Public education about the difference between CBD and THC, as well as the health benefits of CBD, is essential to dispel myths and concerns. Misinformation could hinder the adoption of CBD products among certain consumer groups, slowing the market’s growth.

3. Importation and Supply Chain Issues

The supply chain for CBD products in Mexico is largely reliant on imports, particularly from countries like the United States and Canada. This reliance on international sources could expose the market to potential disruptions, such as changes in trade policies or issues related to product quality and sourcing. Domestic production of CBD could alleviate some of these concerns but is still in the early stages.

4. Competition from the Illegal Market

While CBD products are legal in Mexico, there remains a significant challenge in the form of the illegal cannabis market. In some areas, black-market cannabis and CBD products are still prevalent, and consumers may be more inclined to purchase cheaper, unregulated products. This can lead to concerns about product safety and quality, further hindering the growth of the legal CBD market.

The Future Outlook of the CBD Market in Mexico

The future of the CBD market in Mexico looks incredibly promising, with continued growth expected over the next decade. The market is forecast to grow at a CAGR of 26.60% from 2024 to 2032, reaching an estimated value of billions of dollars by the end of the forecast period. This growth will be driven by a combination of factors, including increased consumer demand for natural health products, expanded product offerings, and a more supportive regulatory environment.

Potential Growth in Consumer Segments

The demand for CBD products in Mexico is expected to continue growing across several consumer segments, including:

Health and Wellness Consumers: The growing interest in natural and alternative health products will continue to drive demand for CBD oils, tinctures, and edibles.

Beauty and Skincare Market: As more people turn to CBD-infused skincare products, the beauty industry in Mexico will likely see a boom in CBD-based cosmetics and treatments.

Pet Care: The pet care sector is also beginning to embrace CBD, with CBD-infused products for pets being introduced to the market, offering potential for growth.

Advancements in Domestic Production

As the market matures, Mexico is likely to see an increase in domestic production of CBD products. This would reduce reliance on imports, help stabilize the supply chain, and potentially lower product costs. Domestic cultivation of hemp and cannabis for CBD extraction could open up new economic opportunities, particularly in rural areas.

Expansion of Legal Frameworks

With the continued momentum toward cannabis legalization, the broader legalization of recreational cannabis in Mexico could further boost the CBD market. Once fully regulated, the market could see an influx of new players, more investment, and a wider variety of products available to consumers.

[marketinsight1234]

Legal Cannabis Market Size-Share, Growth Factors, Forecast 2023-2030

Global Legal Cannabis Market is expected to grow at a significant growth rate, and the forecast period is 2023-2030, considering the base year as 2022.

The Legal Cannabis Market has experienced unprecedented growth in recent years, driven by changing societal attitudes towards cannabis, increasing legalization efforts, and the recognition of its potential economic benefits. As more regions around the world embrace cannabis for medical and recreational use, the market has evolved into a dynamic and multifaceted industry. The market encompasses a wide range of products, including cannabis flower, edibles, concentrates, and pharmaceuticals, creating a diverse landscape with numerous opportunities for both established players and new entrants.

Leading Key Players Covered Legal Cannabis Market: -

Canopy Growth Corporation (Canada), Aphria Inc. (Canada), VIVO marijuana Inc. (Canada), OrganiGram Holding Inc. (Canada), Aurora marijuana Inc. (Canada), The Green Organic Dutchman (Canada), Atlas Growers (Canada), Maricann Group, Inc. (Canada), Tilray Inc. (Canada), Terra Tech Corp. (US), Stenocare A/S (Denmark), HEXO Corp. (Canada), Medical Cannabis Inc. (US), AlephSana GmbH (Germany), Tikun Olam Ltd. (Israel), Cannabis Science Inc. (US) and Other Major Players

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Market Driver:

One significant market driver propelling the Legal Cannabis Market is the growing acceptance of cannabis for medicinal purposes. Increasing awareness of the therapeutic properties of cannabis, along with a shift in regulatory frameworks favoring medical cannabis use, has fueled demand. The expanding list of medical conditions where cannabis is prescribed, such as chronic pain, epilepsy, and anxiety, is driving the market's growth. As more scientific research validates the medical efficacy of cannabis, it not only enhances consumer confidence but also attracts investments and stimulates innovation in product development.

Market Opportunity:

A key market opportunity lies in the emerging trend of cannabis-infused products and beverages. The shift towards alternative consumption methods, such as edibles and beverages, presents a vast opportunity for market players. As consumers seek discreet and convenient ways to incorporate cannabis into their lifestyles, the market for infused products is expected to witness significant growth. This includes a wide range of offerings, from cannabis-infused snacks and beverages to more sophisticated formulations catering to specific health and wellness needs. Companies that can successfully navigate this segment stand to capitalize on the evolving preferences of consumers.

Segmentation of Legal Cannabis Market: -

By Type          

By Product Type       

By Sales Channel       

By Application          

By End-User   

By Region      

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Hemp Oil in Animal Feed Application Market Size, Share, and Growth Opportunities 2029

The Hemp Oil in Animal Feed Application Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2029. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.

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Which are the top companies operating in the Hemp Oil in Animal Feed Application Market?

The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Hemp Oil in Animal Feed Application Market report provides the information of the Top Companies in Hemp Oil in Animal Feed Application Market in the market their business strategy, financial situation etc.

Aurora Cannabis Inc. (Canada), CV Sciences, Inc. (U.S.), ENDOCA. (Netherlands), Gaia Herbs (U.S.), Isodiol International Inc. (Canada), VIVO Cannabis Inc. (Canada), CannazALL (U.S.), Hemp Oil Canada. (Canada), Medical Marijuana, Inc. (U.S.), FOLIUM BIOSCIENCES (U.S.), PharmaHemp (Slovenia), KAZMIRA (U.S.), SPRING CREEK LABS (U.S.), Cavendish Nutrition LLC (U.S.), Dr Hemp Me (Ireland), QC Infusion (U.S.) and Hemp Production Services (Canada) among many others.

Report Scope and Market Segmentation

Which are the driving factors of the Hemp Oil in Animal Feed Application Market?

The driving factors of the Hemp Oil in Animal Feed Application Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.

Hemp Oil in Animal Feed Application Market - Competitive and Segmentation Analysis:

North America, particularly the United States, will continue to exert significant influence that cannot be overlooked. Any shifts in the United States could impact the development trajectory of the Hemp Oil in Animal Feed Application Market. The North American market is poised for substantial growth over the forecast period. The region benefits from widespread adoption of advanced technologies and the presence of major industry players, creating abundant growth opportunities.

Similarly, Europe plays a crucial role in the global Hemp Oil in Animal Feed Application Market, expected to exhibit impressive growth in CAGR by 2029.

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Key Benefits for Industry Participants and Stakeholders: –

Industry drivers, trends, restraints, and opportunities are covered in the study.

Neutral perspective on the Hemp Oil in Animal Feed Application Market scenario

Recent industry growth and new developments

Competitive landscape and strategies of key companies

The Historical, current, and estimated Hemp Oil in Animal Feed Application Market size in terms of value and size

In-depth, comprehensive analysis and forecasting of the Hemp Oil in Animal Feed Application Market

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2029) of the following regions are covered in Chapters

The countries covered in the Hemp Oil in Animal Feed Application Market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of the Middle East and Africa

Detailed TOC of Hemp Oil in Animal Feed Application Market Insights and Forecast to 2029

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Hemp Oil in Animal Feed Application Market Landscape

Part 05: Pipeline Analysis

Part 06: Hemp Oil in Animal Feed Application Market Sizing

Part 07: Five Forces Analysis

Part 08: Hemp Oil in Animal Feed Application Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Hemp Oil in Animal Feed Application Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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The Medical Marijuana Market is poised for robust growth, expected to expand from USD 21,140 million in 2024 to approximately USD 69,545.03 million by 2032, with a CAGR of 16.05% over the forecast period. The medical marijuana market has experienced significant growth over the last decade, driven by increasing acceptance, evolving legal frameworks, and growing awareness of its therapeutic benefits. Once viewed with skepticism, medical cannabis is now recognized in many parts of the world for its potential to treat various medical conditions. As more regions legalize its use, the market is poised for further expansion, with both challenges and opportunities on the horizon.

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Market Overview

Medical marijuana refers to the use of cannabis and its derivatives for medicinal purposes, typically under the supervision of a healthcare professional. The plant contains cannabinoids like tetrahydrocannabinol (THC) and cannabidiol (CBD), which have shown potential in treating ailments such as chronic pain, epilepsy, anxiety, and certain neurological disorders. The global medical marijuana market size was valued at several billion dollars in recent years and is expected to continue expanding as more countries and states approve its use.

The North American market, particularly the United States and Canada, leads the global scene due to progressive cannabis laws and increased healthcare investments. The U.S. market alone is anticipated to grow substantially, with states like California, Colorado, and Illinois driving medical marijuana sales. Canada, one of the first countries to fully legalize cannabis for both recreational and medical purposes, serves as a significant model for the rest of the world.

Key Trends Driving Growth

Several key factors are contributing to the growth of the medical marijuana market:

1. Increasing Acceptance of Cannabis-Based Treatments: As more research emerges supporting the health benefits of medical marijuana, both physicians and patients are becoming more open to its use. Public opinion has shifted, with many people acknowledging its potential as an alternative to traditional pharmaceuticals, particularly for chronic conditions like pain management.

2. Legalization and Regulatory Support: The wave of legalization across different regions, particularly in North America and Europe, has opened up new markets for medical marijuana. In the U.S., the passage of the 2018 Farm Bill, which legalized hemp-derived CBD products, paved the way for broader medical marijuana use. Meanwhile, countries such as Germany, Australia, and Israel have also moved forward with legalization and regulatory frameworks that allow the use of medical cannabis.

3. Expanding Research and Clinical Trials: With a greater focus on cannabis research, numerous clinical trials are being conducted to understand its efficacy in treating a variety of medical conditions. As more robust evidence emerges, medical marijuana is likely to gain further legitimacy as a treatment option, increasing its adoption.

4. Product Innovation and Diversification: Manufacturers are diversifying their offerings, expanding beyond traditional cannabis flowers to include edibles, oils, tinctures, and topicals. This product diversification caters to different patient preferences and broadens the market appeal.

Opportunities in the Market

1. Market Expansion into New Regions: As more countries legalize cannabis for medical purposes, new markets are emerging. In Europe, for example, countries such as the U.K., Italy, and Poland are experiencing a rise in medical marijuana use. Latin America and Asia-Pacific also represent untapped markets with significant growth potential.

2. Telemedicine and Online Sales: The rise of telemedicine platforms and online dispensaries has made it easier for patients to access medical marijuana. Especially during the COVID-19 pandemic, many individuals sought remote consultations and home delivery services for cannabis products. This trend is expected to continue as consumers become more comfortable with digital healthcare solutions.

3. Research and Development Investment: Pharmaceutical companies and cannabis producers are investing heavily in R&D to develop new cannabis-based drugs. This presents a substantial opportunity for growth in both the therapeutic and pharmaceutical sectors, particularly with the development of precise formulations for specific medical conditions.

Challenges Facing the Market

Despite its growth potential, the medical marijuana market faces several challenges:

1. Regulatory and Legal Barriers: While many regions have legalized medical marijuana, others still impose strict regulations or outright bans. In the U.S., for example, cannabis remains illegal at the federal level, creating a complex regulatory environment for businesses. International regulations also vary, making it difficult for companies to operate globally.

2. Stigma and Public Perception: Although public attitudes toward medical marijuana are improving, a lingering stigma surrounding cannabis use persists in some cultures and demographics. Overcoming this stigma will be key to unlocking broader adoption.

3. Supply Chain Issues: The medical marijuana industry faces challenges related to cultivation, distribution, and quality control. Ensuring consistent, high-quality products is essential to maintaining patient safety and satisfaction.

4. High Costs and Insurance Coverage: The high cost of medical marijuana products, combined with limited insurance coverage, remains a barrier for many patients. Reducing costs through improved cultivation techniques and advocating for insurance reimbursement could help make medical marijuana more accessible.

Key Player Analysis:

Canopy Growth Corporation

Aurora Cannabis Inc.

Tilray Inc.

GW Pharmaceuticals plc (a subsidiary of Jazz Pharmaceuticals)

Cronos Group Inc.

Aphria Inc.

MedMen Enterprises Inc.

Curaleaf Holdings, Inc.

Trulieve Cannabis Corp.

Charlotte’s Web Holdings, Inc.

Segmentations:

By Form

Solid

Gas

Dissolvable/Powders

By Product Type

Buds

Oils

Tinctures

Others

By Active Ingredient

Tetrahydrocannabinol (THC)

Cannabidiol (CBD)

By Type

Flowers

Concentrates

Edibles

Others

By Application

Chronic Pain

Arthritis

Cancer

Neurology

Oncology

Others

Migraine

Seizures

By Route of Administration

Inhalation

Oral

Topical

By Distribution Channel

Retail and Pharmacy Stores

Online Platforms

By Geography

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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[industrynewsupdates]

Future of Medical Marijuana Market: Insights from Industry Experts

The global medical marijuana market size is expected to reach USD 65.8 billion by 2030 and is expected to expand at a CAGR of 21.80% over the forecast period, according to a new report by Grand View Research, Inc. The major factors attributed to the industry growth are the rapid adoption of cannabis in therapeutic applications and a surge in the number of countries legalizing the usage of medical marijuana.

As per numerous studies, cannabis has shown positive results in the treatment of chronic diseases. Thus, with the growing penetration of chronic disease throughout the globe, the industry is expected to see a steep rise in demand. For instance, as per the data released by the WHO, the chronic disease burden was expected to reach 57% by 2020. The growing research and development activities in the industry are also expected to drive the growth in demand.

Additionally, various factors such as a rise in disposable income, increasing social acceptance of cannabis, and growth in awareness regarding the benefits of the product, along with improvements in intellectual property rights of cannabis are some of the major factors that are expected to fuel the growth of the industry.

Key players are coming together on strategic initiatives such as mergers & acquisitions, collaborations, partnerships, funding & investments, and innovative product developments & launches to expand their expertise & product portfolio. This also fuels the industry’s growth. For instance, in March 2021, Germany's largest pharmaceutical company, Stada entered the medical marijuana market by launching its two flower products, and further, the company has plans to offer five flower products along with three extracts with different compositions of CBD and THC.

One of the major factors that restrict industry growth is the strict regulation policy. To date, FDA has not allowed the marketing usage of cannabis for the treatment of any disease or condition. Although, the organization has approved one cannabis-derived drug product: Epidiolex (cannabidiol), and three synthetic cannabis-related drug products: Marinol (dronabinol), Syndros (dronabinol), and Cesamet (nabilone). These permitted drug products are only available with a prescription from a licensed healthcare provider.

Gather more insights about the market drivers, restrains and growth of the Medical Marijuana Market

Medical Marijuana Market Report Highlights

• The market size is anticipated to be valued at USD 65.8 million by 2030, owing to the growing legalization of medical marijuana in various countries

• In 2022, the oil and tinctures segment dominated the market owing to its growing medical usage for the treatment of chronic pains, cancer, neurological disorders, and others

• Chronic pain segment dominated in 2022. The growing number of clinical trials with marijuana to treat neuropathic and chronic pain is one of the key indicators, which highlights the rising usage of cannabis in pain management over the coming few years

• North America dominated in 2022 owing to the presence of major players, the increasing rate of cannabis legalization in the U.S., and the launch of new products

Medical Marijuana Market Segmentation

Grand View Research has segmented the global medical marijuana market by product type, application, and region:

Medical Marijuana Product Type Outlook (Revenue, USD Million, 2017 - 2030)

• Flower

• Oil & Tinctures

Medical Marijuana Application Outlook (Revenue, USD Million, 2017 - 2030)

• Cancer

• Chronic Pain

• Depression and Anxiety

• Arthritis

• Diabetes

• Glaucoma

• Migraines

• Epilepsy

• Multiple Sclerosis

• AIDS

• Amyotrophic Lateral Sclerosis

• Alzheimer’s Disease

• Post-Traumatic Stress Disorder (PTSD)

• Parkinson's Disease

• Tourettes

• Others

Medical Marijuana Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o Germany

o U.K.

o Italy

o Poland

o Czech Republic

o Switzerland

o Croatia

o Netherlands

o Spain

• Asia Pacific

o China

o Japan

o India

o Thailand

o Australia

o New Zealand

• Latin America

o Uruguay

o Colombia

o Brazil

o Mexico

• MEA

o Africa

Order a free sample PDF of the Medical Marijuana Market Intelligence Study, published by Grand View Research.

[market-insider]

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

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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.

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Missouri Medical Cannabis: Find Premium Products for Your Health Needs

The Missouri medical cannabis market size is expected to reach USD 2.0 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.4% from 2023 to 2030. Growing evidence of marijuana's health advantages, rising patient knowledge regarding these benefits, and an increase in the prevalence of chronic conditions are the major factors contributing to the market growth. In addition, since November 2018, Missouri has allowed the cultivation, processing, manufacturing, and distribution of medical cannabis. Since then, a sharp rise has been witnessed in the sales of medical cannabis, thereby impelling the growth in the state.

Based on application, the chronic pain segment dominated the market in 2022 with a share of over 25.7% owing to a large patient pool. Pains associated with neurogenic issues, arthritis, low back issues, cancer, headache, neck-related issues, and face-related issues are just a few of the several types of chronic pain. Medical marijuana has been said to help people who are suffering from pain. The market is likely to witness growth during the forecast period as a growing number of people are understanding the importance and benefits of the intake of cannabis-based products.

Based on product, the oils and tinctures segment accounted for the largest revenue share in 2022. Some of the major factors responsible for the segment growth are benefits provided by the utilization of oils and tinctures over smoking flowers and ease of use. In addition, this segment is anticipated to grow at the fastest rate during the forecast period owing to its increasing demand from patients undergoing treatment for health conditions such as PTSD, epilepsy, autism, and chronic pain.

In practically every business, the COVID-19 pandemic has resulted in massive lockdowns, disrupting daily operations and affecting consumer behavior. Retail stores have been closed as the backlash to COVID-19 grows. Due to the suspension of the logistics industry in major raw material-producing countries such as China and India, the market began to experience a supply deficit. Furthermore, supply chain interruptions across the U.S. has led to a tremendous strain on the supply of additional raw materials, thereby constraining the market growth. In addition, this has impacted the manufacturing of cannabis products, and hence the supply chain for medical cannabis in the state has been disrupted.

Missouri Medical Cannabis Market Report Highlights

The legalization of marijuana for medical purposes and the increasing number of people who qualify are likely to bolster the market growth in Missouri

Due to factors such as the rising demand for cannabis extracts, the legalization of marijuana for the treatment of various chronic diseases, and new cannabis extract product launches, the oil and tinctures product segment dominated the market in 2021 with a revenue share of over 50.0%

By application, chronic pain led the market with a revenue share of over 25.7% in 2022. This is due to a growth in the use of medicinal cannabis as an efficient therapy for acute pain owing to its ability to dull the perceptions and anti-inflammatory qualities

Segments Covered in the Report

This report forecasts revenue growth at country levels and analyzes industry trends in each sub-segment from 2018 to 2030. For this study, Grand View Research, Inc. has segmented the Missouri legal cannabis market report based on source, derivatives, cultivation, and end- use:

Source Outlook (Revenue, USD Million, 2018 - 2030)

Hemp

Hemp CBD

Industrial Hemp

Marijuana

Flower

Oil and Tinctures

Derivatives Outlook (Revenue, USD Million, 2018 - 2030)

CBD

THC

Others

Cultivation Outlook (Revenue, USD Million, 2018 - 2030)

Indoor Cultivation

Greenhouse Cultivation

Outdoor Cultivation

End-use Outlook (Revenue, USD Million, 2018 - 2030)

Industrial Use

Medical Use

Chronic Pain

Depression and Anxiety

Arthritis

Post-traumatic Stress Disorder (PTSD)

Cancer

Migraines

Epilepsy

Alzheimer’s

Multiple Sclerosis

AIDS

Amyotrophic Lateral Sclerosis

Tourette’s

Diabetes

Parkinson's

Glaucoma

Others

Recreational Use

Order a free sample PDF of the Missouri Medical Cannabis Market Intelligence Study, published by Grand View Research.