North America Cannabis Market 2019-2025: Focus on Product Type, Medical Application, Distribution Channel, Countries Data and Competitive Landscape – ResearchAndMarkets.com

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DUBLIN–()–The “North
America Cannabis Market: Focus on Product Type, Medical Application,
Distribution Channel, Countries Data (U.S. and Canada) and Competitive
Landscape – Analysis and Forecast, 2019-2025”
report has been
added to ResearchAndMarkets.com’s offering.

The North America cannabis market was valued at $13.21 billion in 2018
and is expected to reach $36.7 billion in 2025

High demand among consumers for safer forms of ingesting cannabis such
as tinctures, oils, vapes, and other edibles, coupled with rising
investment from both public and private sectors for research and
development activities are all together expected to positively reinforce
the growth of the market during the forecast period between 2019 and
2025.

Increasing legalization of cannabis in both Canada and U.S. is the most
prominent factor contributing to the growth of the North America
cannabis market. North America holds the strongest potential among all
other regions of the world for the growth of the cannabis industry and
offers lucrative opportunities for the entry of new companies into the
market.

As the countries of North America begin to liberalize laws related to
the recreational and medical use of cannabis, more companies are
expected to enter into this market in order to address the surging
demand for cannabis products. High public and private investments in
this sector are further propelling research related to cannabis
products, actively driving the growth of the market.

However, the market is also witnessing significant challenges that
hinders its growth. Although cannabis is legal in the countries of North
America for both medical and recreational use, its cultivation,
production, distribution, and possession are highly controlled under
strict regulations.

Moreover, the risk of side effects associated with the use of cannabis
hampers its adoption rate, thereby hampering the growth of the market.
However, with progressing research activities, safer forms of cannabis
products are expected to come up in the market in the upcoming years
that offer prospects for the market growth in the years to come.

Furthermore, increasing launch of online platforms promoting cannabis
products and the paradigm shift toward e-commerce sales of cannabis
offer huge opportunities that are expected to drive the growth of the
North America cannabis market during the forecast period between 2019
and 2025.

This report is a meticulous compilation of research on more than 70
players in the market ecosystem and draws upon insights from in-depth
interviews with the key opinion leaders of more than 20 leading
companies, market participants, and vendors.

The report also profiles 10 companies including several key players,
such as Aphria, Inc., Aurora Cannabis Inc., Canopy Growth Corporation,
CannTrust Holdings Inc., Cronos Group Inc., Curaleaf Holdings, Inc.,
Cresco Labs, Inc., Terra Tech Corp., Tilray, Inc., and Trulieve Cannabis
Corp.

Research Highlights:

  • The number of companies operating in this market has increased
    exponentially over the past few years owning to the huge demand for
    both medical and recreational cannabis in North America. Synergic
    strategies involving agreements, partnerships, and collaborations were
    the most common strategies adopted by the key players of the market in
    order to sustain in the market competition.
  • Several research studies have demonstrated the benefits of cannabis in
    treating a wide range of medical conditions ranging from pain
    management to the treatment of cachexia. Among the various medical
    applications of cannabis, pain management segment contributed to the
    highest revenue and dominated the market in 2018. High efficiency of
    cannabis in reducing pain associated with different types of medical
    conditions, such as cancer, arthritis, cerebral palsy, and muscular
    dystrophy, aided in the growth of the medical cannabis market
    pertaining to pain management.
  • By distribution channel, retail sales dominated the market in 2018 as
    it has been the preferred mode of sale of cannabis products among
    consumers of North America. However, e-commerce sales are expected to
    witness a much higher CAGR of 22.89% during the forecast period from
    2019 and 2025. Increasing launch of online platforms by key companies
    of the cannabis market promoting e-commerce sales of cannabis is
    expected to propel the growth of the cannabis market by e-commerce
    sales.
  • In the U.S., the most common cannabis product categories include
    flower, concentrates, and edibles. Among theses four product
    categories, flower form of cannabis dominated the cannabis market of
    U.S. in 2018. However, edibles were expected to witness the highest
    CAGR during the forecast period between 2019 and 2025.

Key Topics Covered:

Executive Summary

1 Market Overview

1.1 Introduction

1.2 Evolution

1.3 Legalization of Cannabis

1.4 Global Cannabis Market: Key Insights

1.5 North America Cannabis Market

1.5.1 Assumptions and Limitations

2 Market Dynamics

2.1 Overview

2.2 Impact Analysis

2.3 Market Drivers

2.3.1 Rising Demand and Increasing Legalization of Cannabis

2.3.2 Ease of Availability of Cannabis Plant

2.3.3 Wide Range of Benefits for both Medical and Recreational Use

2.4 Market Challenges

2.4.1 Stringent Regulation and Lengthy Approval Process

2.4.2 Side Effects Associated with Cannabis Consumption

2.4.3 High Cost and Complex Distribution Channel

2.5 Market Opportunities

2.5.1 Continuing Research for Development of Safer Forms of Cannabis

2.5.2 Shifting Trend of Cannabis Industry Toward Online Platform

3 Competitive Landscape

3.1 Overview

3.1.1 Collaborations, and Partnerships

3.1.2 Mergers and Acquisitions

3.1.3 Business Expansion

3.1.4 Product Launches

3.1.5 Awards and Recognitions

4 Industry Insights

4.1 Canada Legal Landscape

4.1.1 Cannabis Framework and Legislation by Provinces and Territories

4.1.1.1 Alberta

4.1.1.2 British Colombia

4.1.1.3 Manitoba

4.1.1.4 Newfoundland and Labrador

4.1.1.5 Northwest Territories

4.1.1.6 New Brunswick

4.1.1.7 Nova Scotia

4.1.1.8 Nunavut

4.1.1.9 Ontario

4.1.1.10 Qubec

4.1.1.11 Saskatchewan

4.1.1.12 Prince Edward Island

4.1.1.13 Yukon

4.2 U.S. Legal Landscape

4.2.1 U.S. Federal Laws Impacting Cannabis Market

4.2.2 U.S. State Laws Impacting Cannabis Market

4.2.3 Medical Cannabis Laws

4.2.3.1 CBD/Limited Laws

4.2.3.2 Recreational Laws

5 North America Cannabis Market (by Product)

5.1 Overview

5.2 Recreational Cannabis

5.3 Medical Cannabis

5.3.1 Overview

5.3.2 Pain Management

5.3.3 Muscle Spasm

5.3.4 Headache

5.3.5 Anxiety

5.3.6 Nausea and Vomiting

5.3.7 Other Medical Applications

6 North America Cannabis Market (by Distribution Channel)

6.1 Overview

7 North America Cannabis Market (by Country)

8 Company Profiles

  • Aphria, Inc.
  • Aurora Cannabis Inc.
  • Canopy Growth Corporation
  • CannTrust Holdings Inc.
  • Cronos Group Inc.
  • Curaleaf Holdings, Inc.
  • Cresco Labs, Inc.
  • Terra Tech Corp.
  • Tilray, Inc.
  • Trulieve Cannabis Corp.

For more information about this report visit https://www.researchandmarkets.com/r/jt8ea3

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