North America Cannabis Market Positioned for Promising Growth at 33% CAGR from 2016 to 2021

North America Cannabis Market Information, by Derivatives (Marijuana/Flowers, Industrial Hemp, Other Concentrates/Products), by Application Type (Applications of Marijuana, Applications of Hemp) - Forecast from 2016 to 2021

Pune, India, 2017-Jun-27 — /EPR Network/ — The report on North America Cannabis Market focuses primarily on the major markets in the region such as the U.S. Canada and Mexico. The market size of Cannabis stood over USD 3.5 billion in 2015. It is expected to expand at a CAGR over 33% over the period of 2016 to 2021.

Key Players:

Some of the major players in North America Cannabis Market include Canadian Cannabis Corporation, Plandai Biotechnology., Tweed Marijuana Inc, Affinor Growers., Cannabis Sativa Inc, Cannavest, Canna Brands Inc, Omnicanna Health Solutions., Privateer Holdings, Inc, and Arena Pharmaceuticals, Inc.

Key Findings:

  • Among the derivatives marijuana accounts for the largest market share. The revenue of this segment stood more than USD 2.5 billion in 2015.
  • The U.S. being the largest market in the region accounted for over 95% of the market size of the North America cannabis market.
  • Rapid growth of cannabis and its applications in medicinal purposes has driven the growth in this market.

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Market Segments:

North America Cannabis Market can be segmented as follows:

Segmentation by Derivatives: Marijuana/Flowers and Industrial Hemp, Other Concentrates/Products which include Keif, Hash, Hash Oil etc.

Segmentation by Applications Type: on the basis of applications the market is segmented as;

Applications of Marijuana:

  • Medicinal Applications
  • Recreational Applications
  • Others

Applications of Hemp:

  • Food and Baby Care
  • Clothing and Textile
  • Others

Regional Analysis of Cannabis Market:

Cannabis market in North America was over USD 3.5 billion in 2015. This industry was mainly operating in the black market; however with developments in the medical applications of the derivatives such as marijuana and hemp this market experienced significant growth over the past few years.  Presently, the cannabis market is not a bare collaboration of the growers or producers of marijuana and hemp; it is rather a conglomerate of science and technology. The U.S. being the largest market in the region was valued over USD 3 billion and is anticipated to grow at a CAGR over 30% between 2016 and 2021.

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Contact:

Akash Anand,

Market Research Future

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com

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