The cannabis plant, which belongs to the Cannabaceae family, produces cannabis, a psychoactive drug. It was used medicinally in ancient Indian, Chinese, Egyptian, and Islamic societies. Among the conditions and symptoms for which cannabis is used are cancer, chronic pain, depression, arthritis, diabetes, glaucoma, migraines, epilepsy, multiple sclerosis, acquired immunodeficiency syndrome (AIDS), amyotrophic lateral sclerosis (ALS), Alzheimer’s, post-traumatic stress disorder (PTSD), Parkinson’s, and Tourette’s syndrome. Due to its therapeutic properties, cannabis has been approved for medical use in a number of countries with varying degrees of legal restrictions.
Cannabis Market Report Scope and Research Methodology:
Automobile finance businesses acquire massive amounts of client data. This data helps businesses understand their clients better, but the sheer amount stops them from evaluating and acting on it. Automobile loan businesses sift through data to understand more about a customer’s financial history and preferences. Because of these insights, businesses may now provide more customised financial solutions that are tailored to a customer’s specific demands. More business leads will be generated as a result of firms’ ability to differentiate their services, keeping customers away from fraudsters and defaulters.
Cars feature 50 or more sensors that collect data on speed, pollution, fuel use, resource utilisation, and security. All of this information can be used to identify patterns and promptly correct or prevent quality issues. Analytics can increase both customer satisfaction and quality control at a minimal cost. In addition, forward-thinking businesses are cooperating with the government to employ predictive analytics to forecast and identify high-congestion zones based on data acquired from automobiles for town planning and smart city development. Urban metropolitan concerns such as effective traffic management, resource allocation, and environmental challenges can be solved using insights from automotive data and other sources such as satellite, mobile, and GPS data.
Cannabis Market Overview:
Stellar Market Research has published a report titled Cannabis Market Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The report examines insights in the context of the Cannabis market, including its ever-changing patterns, industrial environment, and other key market components.
Cannabis Market size was valued at US$ 28.26 Bn. in 2021 and the total revenue is expected to grow at CAGR of 32.04% through 2022 to 2027, reaching nearly US$ 149.8 Bn. by 2027
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Cannabis Market Segmentation:
The cannabis market is divided into two types: Flowers and Concentrates. In 2021, flowers will hold a 57% market share, dominating the cannabis industry. 15% to 30% of THC, 0% to 1% of CBD, and negligible amounts of other cannabinoids are all present in marijuana flowers. These concentrations of concentrates in this ratio are highly helpful in producing medications, mostly for pain and migraines, and they may also be used to produce medications for certain serious and more hazardous conditions, such as cancer and arthritis, which would further increase the market. Additionally, since the flowers or buds are natural and cultivated naturally, they have fewer adverse effects than concentrates. On the other hand, concentrates, which must be extracted, held a 42% market share in 2021 and mainly consist of CO2 oil, butane hash oil, shatter, wax, live resin, kief, ice water hash, and rosin. Although it might be a little too dangerous for medical use and is primarily used for recreational purposes, concentrates do have the advantage of being less addicted. Because they have a variety of flavor profiles and can be vaporized, which is healthier than smoking marijuana, the market for concentrates is growing.
The cannabis market is divided into two categories according to application: medicinal and recreational. In 2021, the cannabis market will be dominated by medical applications, which will account for 65% of all sales because cannabis is only permitted for medical use in the majority of the world, including as treatments for both minor and severe illnesses. Some of the well-known cannabis-based medications are Sativex, Marinol, and Cesamet. As the Asia Pacific area, which has strict restrictions against cannabis use, is changing its laws a little firmer towards use of cannabis and can allow the therapeutic use of cannabis in some circumstances, the number of medicinal applications is anticipated to increase at a higher pace in the forecasted period.they live in. In 2021, recreational applications will hold a 35% market share since, with the exception of North America and Europe, it is illegal to manufacture products with cannabis or marijuana. Cannabis is used to create lotions, lubricants, creams, and many other products to treat conditions including muscle discomfort, cramping, and more. It is also utilized in the agriculture industry, therefore the market is anticipated to expand over the projected period.
ure Drones Market Key Players:
Canopy Growth Corporation (Canada)
Aurora Cannabis Inc. (Canada)
MedMen (US)
Terra Tech Corp. (US)
Aphria Inc. (Canada)
VIVO Cannabis Inc. (Canada)
The Cronos Group (Canada)
Medical Marijuana Inc. (US)
STENOCARE (Denmark)
Tikun Olam (Israel)
Organigram Holdings Inc. (Canada)
Cresco Labs (US)
Indiva (Canada)
Curaleaf Holding Inc. (US)
HEXO Corp. (Canada)
Ecofibre Limited (Australia)
Harvest Health & Recreation (US)
Green Thumb Industries (US)
Maricann Group Inc. (Canada)
TerrAscend (Canada)
Cannabis Market Regional Insights:
The market study examines market size, dynamics, and market share in the following regions: North America, Europe, Asia Pacific, South America, the Middle East, and Africa.
Key Questions answered in the Cannabis Market Report are:
- What is the expected Cannabis market size by the end of the forecast period?
- What are the Cannabis market segments?
- Which segment in the Cannabis market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Cannabis market?
- What key trends are expected to emerge in the Cannabis market during the forecast period?
- Which region dominated the Cannabis Market?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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