Business cannabis cultivation is unlawful in different nations yet numerous administrative specialists are creating pathways for the endorsement of cannabis, cannabis items, and its subordinates. Cannabis is generally pertinent in ventures like individual consideration and beauty care products, nutraceuticals and food and refreshments, and the medical services area which incorporates drug businesses. Additionally, the rising cannabis cultivation is supposed to help the market development.
The global cannabis cultivation market is estimated to be valued at US$ 31,181.09 million in 2020 and is expected to exhibit a CAGR of 18.2% during the forecast period (2020-2027).
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Authorization of cannabis in different nations is supposed to help the market development during the conjecture time frame. For example, as per an article distributed by the United States Drug Enforcement Agency (DEA) in November 2020, 35 U.S. states and the District of Columbia have legitimized pot for medical use, out of which 15 permit grown-ups to legitimately involve the medication for recreational use as of November 2020.
North America is supposed to stand firm on a prevailing foothold in the global cannabis cultivation market attributable to a rising number of item endorsements around here. For example, in January 2016, Insys Development Company, Inc., a drug organization, got the U.S. Food and Drug Administration’s endorsement for Syndros (dronabinol), a fluid type of cannabinoid arrangement. This Schedule II substance is endorsed for the therapy of cachexia and queasiness and spewing in AIDS and malignant growth patients, with the potential as an aggravation of the executives specialist.
The Covid (COVID-19) pandemic and coming about lockdowns in different nations across the globe have affected the monetary status of organizations in all areas. Private medical services are one such area that has been affected essentially by the COVID-19 pandemic.
The lockdown in different nations because of the pandemic has put a financial weight on the medical services area. Besides, the pandemic has hampered the turn of events, creation, and supply of medications and other medical services items, and likewise impacted the development of medical services organizations across the globe. The effect of the pandemic also restricted the development of the market.
Central players working in the global cannabis cultivation market are GW Pharmaceuticals plc., ABcann Medicinals, Inc., Maricann Group, Inc., The Cronos Group, Organigram Holdings Inc., Tilray, Aurora Cannabis, Aphria, Inc., Canopy Growth Corporation, Better Holdings, The Hydropothecary Corporation, Canntrust Holdings, Inc., Atlas Growers, and Pacific Cannabis Growers, Inc.
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➡Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region .
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Cannabis Cultivation Market Size Analysis from 2020 to 2027
11.6 COVID-19 Outbreak: Cannabis Cultivation Industry Impact
Chapter 2 Global Cannabis Cultivation Competition by Types, Applications, and Top Regions and Countries
2.1 Global Cannabis Cultivation (Volume and Value) by Type
2.3 Global Cannabis Cultivation (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Cannabis Cultivation Sales, Consumption, Export, Import by Regions
Chapter 5 North America Cannabis Cultivation Market Analysis
Chapter 6 East Asia Cannabis Cultivation Market Analysis
Chapter 7 Europe Cannabis Cultivation Market Analysis
Chapter 8 South Asia Cannabis Cultivation Market Analysis
Chapter 9 Southeast Asia Cannabis Cultivation Market Analysis
Chapter 10 Middle East Cannabis Cultivation Market Analysis
Chapter 11 Africa Cannabis Cultivation Market Analysis
Chapter 12 Oceania Cannabis Cultivation Market Analysis
Chapter 13 South America Cannabis Cultivation Market Analysis
Chapter 14 Company Profiles and Key Figures in Cannabis Cultivation Business
Chapter 15 Global Cannabis Cultivation Market Forecast (2020-2027)
Chapter 16 Conclusions
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