Cannabis Market Size, Trends, Growth & global Industry Analysis by 2027 | RCMR
According to the report, the global demand for the Cannabis market was valued at approximately USD 14.29 Billion in 2019 and is expected to generate revenue of around USD 128.36 Billion by end of 2027, growing at a CAGR of around 31.7
According to the report, the global demand for the Cannabis market was valued at approximately USD 14.29 Billion in 2019 and is expected to generate revenue of around USD 128.36 Billion by end of 2027, growing at a CAGR of around 31.7
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Report Description
Report Crux Market Research has published a new report titled “Cannabis Market by Product (Concentrates, Flower and Others); by Compound
(Cannabidiol (CBD)-dominant, Tetrahydrocannabinol (THC)-dominant and Balanced CBD & THC); by Application (Medical and Recreational) and by
Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.
Cannabis is a drug derived from the Cannabis Sativa, Cannabis Indica, and hybrid strains. It is commercially available in different form like hash oil,
hashish and marijuana. Species of cannabis are used to produce hemp fiber which is used in the production of clothing, textile and paper. It is used
for medicinal purpose since many years and is associated for treating various conditions like vomiting and nausea. Growing use in medicinal
applications, increasing legalization of medical cannabis and its rising awareness are some of the factors that are propelling the demand of
cannabis.
Cannabis Market Size
Cannabis market was valued at approximately USD 14.29 Billion in 2019 and is expected to generate revenue of around USD 128.36 Billion by
end of 2027, growing at a CAGR of around 31.7% between 2020 and 2027.
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