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Medicinal Cannabis Market Estimated $110.7 Million by 2026 | A report by Canopy Growth Corporation Aurora Cannabis, Medmen, Terra Tech Corp, Aphria Inc., Vivo Cannabis, Chronos Group, Medical Marijuana and others

Medicinal Cannabis market report is a comprehensive study of the changes that the Health Care industry is undergoing by the virtue of medicinal cannabis market. The report covers all the information systematically, for instance, the CAGR values in the forecasted year of 2019-2026, the implication of the market definition, classifications, applications, and market trends and how to use these terminologies to get ahead of the competition.

Along with the company profiles of the key players and brands, the medicinal cannabis report also covers the recent developments, product launches, joint ventures, mergers, and accusations. The market drivers and restraints are determined with the help of SWOT analysis.

Market Analysis:

Medicinal Cannabis market is expected to rise from its initial estimated value of USD 13.4 million in 2018 to an estimated value of USD 110.7 million by 2026, registering a CAGR of 32.2% during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of plant protein amid rising amount of health concerns and veganism worldwide.

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Key Competitors:

  • Canopy Growth Corporation Aurora Cannabis
  • Medmen
  • Terra Tech Corp
  • Aphria
  • Vivo Cannabis
  • Chronos Group
  • Medical Marijuana
  • Stenocare
  • Tikun Olam
  • Organigrams Holding
  • Cannabis Science
  • Maricann Group
  • Tilray
  • Hexo
  • Scotts Miracle-Gro
  • GW Pharmaceuticals PLC
  • MedReLeaf
  • Insys Therapeutics
  • CanniMed Therapeutics
  • Cara Therapeutics

Key Developments in the Market:

  • In December 2017, Health Canada provided licenses to two Quebec based cannabis production facilities.
  • November 2017, Ohio Department of Commerce provided 12 provisional large-scale medical cannabis cultivation licenses.

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Market Drivers & Restraints:

  • Growing medicinal application of cannabis
  • Increasing legalization of cannabis
  • Complex regulatory structure for the usage of cannabis

Segmentation:

Product Type

  • Flower
  • Concentrates

Application

  • Medical
  • Recreational

Compound

  • Tetrahydrocannabinol (THC)-Dominant
  • Cannabidiol (CBD)-Dominant
  • Balanced THC & CBD
  • and more

Competitive Analysis:

Global Legal Marijuana market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cannabis market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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