Some cannabis compounds have a mental effect (they alter the mind), whereas others do not. Depending on how the producer grows and how the plant operates, the strength and balance of the elements varies. Cannabis has a variety of medicinal benefits, including controlling and reducing epileptic seizures, assisting those with PTSD, protecting the brain after a stroke, relieving rheumatoid arthritis, and reducing chemotherapy side effects.
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Buds, Oil, Tinctures, Others), Usage (Medical, Recreational), Crop Variety (Cannabis Indica, Cannabis Sativa, Others), Distribution Channel (Physical, Digital, Others) - Industry Trends and Forecast to 2031
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The Global Cannabis Market size was valued at USD 30.18 USD Billion in 2023.
The Global Cannabis Market is projected to grow at a CAGR of 9% during the forecast period of 2024 to 2031.
The major players operating in the market include The Cronos Group, Tilray, Marley Natural, Aurora Cannabis, Cara Therapeutics, ARUMA LABS HOLDINGS PTY LIMITED, Medcan Australia, Sundial Growers , Canopy Growth Corporation, The Scotts Company LLC, Aphria , VIVO Cannabis , Cannatrek, SpeedWeed, GW Pharmaceuticals plc., Harborside Health Center, Steep Hill , CBD Einstein, Weedmaps,.
The market report covers data from the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
