North America Cannabis Market Poised to Grow at A CAGR Over 30% between 2021 and 2030

Market Outlook

Market research future published a cooked research report on Cannabis market volume is expected to grow at a CAGR of more than 30% from 2021 to 2030. The U.S. accounts for more than 95 % market share and thus is the largest market of cannabis in the North America region. The North America cannabis market is driven by growing awareness about the medicinal applications of marijuana and hemp.  

Rapid legalizing and growing awareness about the medicinal properties of marijuana to boost the market over the forecast period

Marketing activities for marijuana has been primarily challenged by the consumer perception and stringent federal policies. The cannabis derivative is yet to witness a wide scale adoption across the region and is expected to grow over $16 billion by 2021 growing at a CAGR over 29%. Among the country markets in North America, The U.S. and Canada accumulate significant revenue, owing to rapid legalization in the country, increasing number of evidences in favor of marijuana possessing medicinal properties, and growing acceptance among end-users

Growing demand for hemp in Food and baby care products is set to escalate the market for industrial hemp

Food and baby care products, cloting and textiles among others are the major revenue segments in the industrial hemp market. North America, has been one of the leading importer of the industrial hemp based products over the past few years. However, with rapid legalization in the industry the market for

The major applications generating revenue under the industrial hemp segment are food and baby care products, clothing and textiles and other applications such as paper and building materials..

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This report includes a study of strategies, of major market players in the North America cannabis Market including Canadian Cannabis Corporation, Plandai Biotechnology., Tweed Marijuana Inc, Affinor Growers., Cannabis Sativa Inc, Cannavest, Canna Brands Inc, Omnicanna Health Solutions., Privateer Holdings, Inc, And Arena Pharmaceuticals, Inc.

This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenerios & strategies, of the North America cannabis market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.