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European Cannabis Market Report 2020-2027: UK has Emerged as the Largest Producer and Exporter of Legalized Cannabis - Press Release


European Cannabis Market Report 2020-2027: UK has Emerged as the Largest Producer and Exporter of Legalized Cannabis
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The Europe cannabis market is expected to reach US$ 36,997.1 million by 2027 from US$ 3,498.1 million in 2019; it is anticipated to grow at a CAGR of 29.6% from 2020 to 2027.
The growth of the market in this region is attributed to the upgrading of regulations for medical cannabis and growth of the cannabis industry. However, challenges related to cannabis hinder the market growth.
The European countries are experiencing transformation in the regulations for marketing cannabis and related products. The changes in the regulations have allowed the cultivation, processing, and trade of the cannabis-derived products across this region. In addition, the online distribution of CBD has received more attention, and companies are emerging at a faster rate. ....

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Global Cannabis Market Report 2020 Featuring Aphria, Aurora Cannabis, Cannabis Science, Canopy Growth, Medical Marijuana, Inc, VIVO Cannabis, Tikun Olam, Terra Tech, Tilray and The Cronos Group


Global Cannabis Market Report 2020 Featuring Aphria, Aurora Cannabis, Cannabis Science, Canopy Growth, Medical Marijuana, Inc, VIVO Cannabis, Tikun Olam, Terra Tech, Tilray and The Cronos Group
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Tetrahydrocannabinol-Dominant Segment to Register Highest CAGR in Cannabis Market during Forecast Period.
The market is expected to reach US$ 147,457.4 million by 2027 from US$ 14,383.8 million in 2019; it is estimated to grow at a CAGR of 29.1% from 2020 to 2027. The report highlights trends prevailing in the global cannabis market along with drivers and hindrances pertaining to the market growth.
Based on compound, the global cannabis market is segmented into tetrahydrocannabinol-dominant (THC-dominant), cannabidiol-dominant (CBD-dominant), and balanced THC and CBD. In 2019, the THC-dominant segment held the largest share of the market. However, the market for the CBD-dominant cannabis is anticipated to witness ....

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