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WIRE: Forecast predicts cannabis market of $20.7 billion by 2020


DUBLIN, Sept. 14, 2015 — Research and Markets has announced the addition of the “North America Cannabis Market: Focus on Application, Derivative, and Region – Estimation & Forecast, 2015-2020” report to their offering.

Multi-faced applications of Cannabis have gained attention of many pharmaceutical and research companies in the regions of North America. This has contributed to the increasing applications of cannabis, be it recreational, medicinal or commercial.

Owing to the changing dynamics in the regulatory framework for the Cannabis Industry in North America, the author has published the North American Cannabis Market – Analysis and Forecast Through 2015-2025 estimating the cannabis derivative market value to grow over $20.7 billion by 2020 at an estimated CAGR of 29.80% from 2014 to 2020.

The report is a compilation of different peripherals of North American Cannabis Market including market divisions by product derivatives-marijuana, hemp and others, its applications- medicinal, recreational & commercial and by regions- the U.S. and Canada. Herein the revenue generated from each segment, application and region of North America is tracked to compute the market size.

The report also includes porter’s five forces analysis, value chain analysis, market dynamics, key consortium, compliance and regulatory bodies surrounding the North American cannabis market. Due to the diverse ecosystem of this market, a separate section has been incorporated in the report for the key strategies and development activities undertaken by the key market players including producers, pharmaceutical companies, dispensaries, and technology providers among others. The key players are also profiled in detail.

The analyst believes that California and Colorado is dominating whole of the North American Cannabis Market capturing market of$1.2 billion and $0.6 billion respectively due to increasing medicinal applications i.e. estimated to reach $11.6 billion by 2020 with a double digit CAGR. Market players from a host of industry verticals have been aggressively putting in efforts to gain significant market shares, while the market is largely in its nascent stage. While pharmaceutical companies are becoming the major beneficiaries of this market, software and infrastructure providers are also increasing their market share in the cannabis ecosystem. The future growth of the cannabis market is largely reliant on the legalization of recreational or adult use of marijuana which is expected to gain a market share of almost 30% by 2020.

Key Topics Covered:

1 Research Methodology, Scope And Coverage
2 Executive Summary
3 Introduction To North American Cannabis Market
4 Key Strategies And Development In The North American Cannabis Market (2013-2015)
5 Market Dynamics
6 North America Cannabis Industry Analysis
7 Regulatory & Legal Framework, Consortiums And Compliances
8 Market Sizing – Estimation, Analysis & Forecast By Derivative
9 Market Sizing- Estimation, Analysis & Forecast By Application
10 Market Sizing Analysis & Forecast, By Market Demand
11 Key Market Players Profiles
– 22nd Century Group, Inc.
– Abattis Bioceuticals Corporation
– Advanced Cannabis Solutions
– Affinor Growers
– Agrisoft Development Group
– Arena Pharmaceuticals, Inc.
– Canadian Cannabis Corporation
– Canna Brands Inc.
– Canna Grow Holdings
– Cannabics Pharmaceuticals Inc.
– Cannabis Sativa Inc.
– Cannabis Science, Inc.
– Cannabis Therapy Corporation
– Cannacare Docs
– Cannavest
– Dave
– Eaze
– Endexx Corporation
– Equipment & Infrastructure
– Frweed Pro
– Grassp
– Green Technology Solutions Inc. (Gtso)
– Gw Pharmaceuticals
– Hemp, Inc.
– Information Technology
– Insys Therapeutics
– Leafly
– Mass Roots
– Meadow
– Medbox, Inc.
– Medical Marijuana Inc.
– Nestdrop
– Omnicanna Health Solutions
– Otsuka Pharmaceutical Co. Ltd
– Plandai Biotechnology
– Privateer Holdings, Inc.
– Quantum 9
– Sanofi Pharmaceuticals
– Surna, Inc.
– Tweed Marijuana Inc.
– Weedmaps

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Media Contact:

Laura Wood, +353-1-481-1716,

SOURCE Research and Markets


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