Budding Boom: The Future of the Cannabis Market by 2027
The global cannabis market size is estimated to be valued at USD 27.7 billion in 2022 and is projected to reach USD 82.3 billion by 2027, recording a CAGR of 24.3% in terms of value. Increased legalization has been extremely beneficial to the cannabis industry. Additionally, as more research studies in the field are carried out and show that cannabis has positive effects medically, has helped...
Rapid Growth and Challenges: Navigating the Global Cannabis Market
The global cannabis industry is experiencing unprecedented growth, with an estimated value of USD 27.7 billion in 2022 and a projected surge to USD 82.3 billion by 2027, reflecting a remarkable compound annual growth rate (CAGR) of 24.3%. Within this dynamic landscape, the medical segment stands out, witnessing a surge in demand driven by its applications in anxiety and pain management.
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The Growing Cannabis Market: A Path to Billions
Introduction
In recent years, the global cannabis industry has witnessed a remarkable transformation, evolving from the shadows of illegality into a thriving, legitimate market with substantial growth potential. In 2022, the global cannabis market was estimated to be valued at a staggering USD 27.7 billion, and experts project it to skyrocket to USD 82.3 billion by 2027. This rapid expansion...
At a CAGR of 24.3% The Global Cannabis Market Size and Share is Estimated to Gain USD 82.3 billion by 2027 says MarketsandMarkets™
The global cannabis market size is estimated to be valued at USD 27.7 billion in 2022 and is projected to reach USD 82.3 billion by 2027, recording a CAGR of 24.3% in terms of value. Medical segment also significantly contributes towards the total cannabis market. Cannabis is used in treating various medical situations like anxiety, gastrointestinal disorders, seizures, and epilepsy. Increased...
Explosive Growth: Unveiling the Booming Cannabis Market
The global cannabis market was valued at USD 27.7 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 24.3% from 2022 to 2027. The legalization of both medical and recreational cannabis has become a global trend, with the North American region leading the way. The United States has seen increasing legalization efforts in various states, contributing to the dominance...
Cannabis Market – Analysis, Trends and Forecasts
The global cannabis market size is estimated to be valued at USD 20.5 billion in 2020. It is projected to reach USD 90.4 billion by 2026, recording a CAGR of 28.0%, in terms of value. The growing medical applications of cannabis is driving the demand for cannabis.
Cannabis legalization is often viewed upon with dual perceptions wherein its legalization has been proven to be met with skepticism...
Cannabis Market Size and Key Players – Global Forecast to 2026
The cannabis market is projected to grow at a CAGR of
28.0% during the forecast period
The cannabis
market is estimated to be valued at USD 20.5 billion in 2020 and is
projected to reach USD 90.4 billion by 2026, recording a CAGR of 28.0 %, in
terms of value. The market is primarily driven by factors such as growing
medical applications of cannabis and increasing legalization of cannabis and
rise...
Cannabis Market is Projected to Reach $90.4 billion by 2026
The cannabis market is projected to grow at a CAGR of
28.0% during the forecast period
The cannabis
market is estimated to be valued at USD 20.5 billion in 2020 and is
projected to reach USD 90.4 billion by 2026, recording a CAGR of 28.0 %, in
terms of value. The market is primarily driven by factors such as growing
medical applications of cannabis and increasing legalization of cannabis and
rise...
Cannabis Market: Key Players and Forecast
The cannabis market was valued at USD 20.5
billion in 2020 and is projected to reach USD 90.4 billion by 2026, recording a
CAGR of 28.0%, in terms of value. It is witnessing significant growth due to
increasing legalization of cannabis across various regions. Also, the growth of
this market can also be attributed to the increasing awareness among consumers
regarding health benefits of cannabis...
Cannabis Market Revenue, Trends, Leading Companies, Analysis, Outlook
According to MarketsandMarkets, the global cannabis market
size is estimated to be valued at USD 20.5billion in 2020 and is projected to
reach USD 90.4 billion by 2026, recording a CAGR of 28.0% in terms of value.
The growth of cannabis market can be attributed to the increasing legalization
of cannabis across various regions. Along with that, growing medicinal
applications of cannabis will further...