Exploring the North America Cannabis Market: Insights, Key Drivers, and Major Players

Introduction to the North America Cannabis Market

Cannabis is a general term used for indicating the several psychoactive preparations of the plant Cannabis sativa. The key psychoactive constituent present in cannabis is Delta-9 tetrahydrocannabinol (THC). It is a drug derived from the dried flowers & leaves of the hemp plant that grow in the tropical & temperate areas of the world. Cannabis is also known as hash, weed, pot, marijuana, dope, cone, and smoke. 

North America Cannabis Key market insights include:

Market Size and Growth: The North America Cannabis Market is anticipated to grow at a CAGR of around 27.7% during the forecast period, i.e., 2022-27.

Countries : North America: USA, Canada, Mexico.

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Market Segmentation

The North America Cannabis Market can be segmented based on several criteria, including:

By Application

-Medical Use

-Chronic Pain

-Mental Disorder

-Cancer

-Others (Nausea, Muscle Spasms, Migraine, Glaucoma)

- Self-Consumption / Private Use

By Product Type

-Flower

-Oil

By Distribution Channel

-Regulated Dispensary

-Recreational Stores

-Stand-Alone Retailers

-Online Portals

By End-User

-Patients

-Research Institute

-Research Companies

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Key Players in the North America Cannabis Market

The North America Cannabis Market is highly competitive, with several key players dominating the landscape. These companies are investing heavily in research and development to stay ahead of the competition and meet the evolving needs of their customers. Some of the prominent players in the North America Cannabis Market include:

• 22nd Century Group Inc
• Medical Marijuana Inc
• Hemp Inc
• Axim Biotechnologies Inc
• Arena Pharmaceuticals Inc.
• Canopy Growth Corporation
• Aphria Inc
• Aurora Cannabis Inc
• Abcann Medicinals Inc

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Questions Addressed in this Study

1.What factors are driving the North America Cannabis Market growth?

2.How is the North America Cannabis Market expected to grow over the next five years?

3.What are the key insights into the current trends in the North America Cannabis Market?

4.What is the current size of the North America Cannabis Market, and how is it projected to change in the future?

6.What is the future outlook for the North America Cannabis Market in terms of technological advancements and market expansion?

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