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 …

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 …

Cannabis Market: Enormous Growth Opportunity with Market Diversification

The cannabis market is projected to grow at a CAGR of 28.0% during the forecast period According to MarketsandMarkets, 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 …

Key Driving Factors in Cannabis Market

Cannabis is a drug derived from the cannabis sativa, cannabis indica, and hybrid strains. Although cannabis is composed of different cannabinoids, the two main cannabinoids considered to be the most active compounds are tetrahydrocannabinol (THC), the psychoactive compound, and cannabidiol (CBD), the non-psychoactive compound. The …