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World Cannabis Market Review 2018-2019 and Forecast to 2024: Products, Technologies, Applications, Leading Players - ResearchAndMarkets.com

November 20, 2019

DUBLIN--(BUSINESS WIRE)--Nov 20, 2019--

The “Cannabis Market: Products, Technologies and Applications” report has been added to ResearchAndMarkets.com’s offering.

This report represents a current and important business tool to evaluate technologies, trends, products, and market participants in the cannabis sector. The geographic scope of this study covers the U. S. and companies worldwide. The report identifies the main elements of cannabis products and trends in different type of industries.

The report includes:

Market Highlights

The cannabis plant is known for its psychoactive as well as medical benefits. While it is still illegal under U.S. federal law to use and possess marijuana, at present 34 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands have approved comprehensive, publicly available medical marijuana/cannabis programs.

Indeed, the cannabis/marijuana plant has at least 80 cannabinoids, a chemical compound that interacts with cannabinoid receptors in the brain and which is responsible for the plant’s physiological effects. THC and CBD are the most known and studied compounds.

The cannabis market can be divided into number of sectors:

Moreover, it is obvious that cannabis market has direct and indirect influence on other industries. For example, hemp and its related products are becoming more popular in variety of applications, including dietary supplements, textiles, biofuels, paper, and more. This also includes CBD product development from the marijuana plant or hemp for treatment of a variety of medical conditions.

All sectors in cannabis market are interconnected and influence each other in a positive way. In general, since the cannabis market consists of a number of sectors, it has a variety of market participants, from small, home-based facilities to big, extended farms, to companies that provide unique equipment or specific extraction services, to versatile companies offering a number of different products, brands and services.

This report will analyze market participants and estimate the value for each of the sectors listed above.

Importantly, legalization of marijuana/cannabis affects not only this market expansion, but additional cannabis-related industries such as the hemp industry and CBD-containing products. Both of these sectors are billion-dollar markets.

In spite of certain challenges, such as inconsistent legalization and regulations by different agencies, the cannabis industry is expected to grow exponentially over the next five years. This will have a positive effect on related industries, and will help to bring new products and technologies to consumers and patients.

Industry insiders believe that as the cannabis legalization trend gains more strength and favorable approaches emerge from regulatory agencies such as the U.S. Food and Drug Administration (FDA), additional approved cannabis-related drugs are expected to appear on the market in the next five years.

Key Topics Covered

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

Chapter 4 Cannabis Cultivation and Products Manufacture

Chapter 5 Cannabis Market and Drug Development

Chapter 6 Hemp, CBD Oil and Other Cannabis-related Markets

Chapter 7 Patent Review for the Cannabis Market

Chapter 8 Market Summary

Chapter 9 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/c4xfov

View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005445/en/

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SOURCE: Research and Markets

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PUB: 11/20/2019 07:17 AM/DISC: 11/20/2019 07:17 AM