North America Cannabis Market Size, Trends, Opportunity & Forecast Till 2021

North America Cannabis Market 2018 Size, Share, Major Players, Demand, Growth and Forecast to 2021

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North America Cannabis Market 2018 North America Cannabis Market 2018: Size, Share, Major Players, Demand, Growth and Forecast to 2021 • Cannabis also popularly referred as Marijuana which is actually a derivative of the Cannabis plant intended to use as a psychoactive drug or medicine. The main psychoactive part of cannabis is tetrahydrocannabinol (THC).There is also a physio active part of Cannabis; known as Cannabidiol (CBD). Unlike THC, the CBD part doesn’t get you high and also have medicinal effects. It is typically used for health reasons instead of for recreational purposes.

• Until a couple of years back the Cannabis industry was operating mainly in the black market. However the tables were turned dramatically with the advent of Marijuana and Hemp in the medical applications letting Cannabis garner a huge prominence on the global platform. Which further led its market garnering an exponential traction globally.

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North America Cannabis Market 2018 Market Segmentation The North America cannabis market is categorized on the following basis: On the basis of Derivatives: Industrial Hemp and Marijuana/Flowers, Other Concentrates/Products which include Keif, Hash, Hash Oil Etc. On the basis of Applications type: On the basis of applications the market is segmented into applications of marijuana into medicinal applications, recreational applications and others and applications of hemp into food and baby care, clothing & textile among others

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North America Cannabis Market 2018 Major Players in this Research: Key Players for North America Cannabis Market: • Chanel S.A. (France), • Guccio Gucci S.p.A. (Italy), • The Estée Lauder Companies Inc. (US), • Hermès International S.A. (France), • Ralph Lauren Corporation (US), • Clive Christian Perfume Limited (UK), • Louis Vuitton Malletier S.A (France), • Hannaford Bros. Co., LLC (US), • Gianni Versace S.p.A. (Italy), • Dolce & Gabbana S.R.L. (Italy)

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North America Cannabis Market 2018 Regional Market Analysis Cannabis market in North America was over USD 3.5 billion in 2015. This industry was mainly operating in the black market; however with developments in the medical applications of the derivatives such as marijuana and hemp this market experienced significant growth over the past few years. Presently, the cannabis market is not a bare collaboration of the growers or producers of marijuana and hemp; it is rather a conglomerate of science and technology. The U.S. being the largest market in the region was valued over USD 3 billion and is anticipated to grow at a CAGR over 30% between 2016 and 2021.

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