DUBLIN--(BUSINESS WIRE)--The "North America Legal Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The North America legal cannabis market value is projected to reach around US$ 35 Billion by 2023, expanding at a CAGR of 27.1% during 2018-2023.
Cannabis refers to a psychotropic drug which is made from the dried leaves and flowers of the hemp plant. Although it grows naturally in the temperate and tropical regions of the world, it can be cultivated in almost any climatic condition. The main active chemical in cannabis is Delta-9 tetrahydro-cannabinol (THC) which produces its hallucinogenic effects. Cannabis is either smoked as a cigarette, mixed in food or brewed as tea for recreational purposes. On the other hand, it is used as a palliative for glaucoma as well as in the treatment of serious neurological diseases, cancer, AIDS, and other chronic ailments in the medical industry. The North America legal cannabis market reached a value of more than US$ 8 Billion in 2017.
Nowadays, cannabis is gaining prominence in North America due to increasing acceptance of the drug for both recreational and medical uses. In Canada, the use and purchase of cannabis have been legalised for people over the age of 18 years. Whereas in the United States, cannabis has been legalised in a number of states for medicinal purpose. Moreover, the growing research and development in the field of medical usage of cannabis is further projected to create positive growth prospects for the market in the coming years.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 North America Legal Cannabis Market
6 Performance of Key Regions
7 Market by Products Derived
8 Market Breakup by Distribution Channel
9 Competitive Landscape
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