North America Cannabis Market Poised to Grow at A CAGR Over 30% between 2016 and 2021

Tuesday, July 19, 2016 Drug News
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PUNE, India, July 18, 2016 /PRNewswire-iReach/ -- Market research future published a cooked research report on North America cannabis Market

. Cannabis market volume is expected to grow at a CAGR of more than 30% from 2016 to 2021. The U.S. accounts for more than 95 % market share and thus is the largest market of cannabis in the North America
region. The North America cannabis market is driven by growing awareness about the medicinal applications of marijuana and hemp. 

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Access the market data and information presented through over 70 tables and figures spread 100+ pages of the project report. Avail in-depth table of content (TOC) & market synopsis on "North America cannabis Market Information- Forecast from 2016 to 2021"

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Rapid legalizing and growing awareness about the medicinal properties of marijuana to boost the market over the forecast period

Marketing activities for marijuana has been primarily challenged by the consumer perception and stringent federal policies. The cannabis derivative is yet to witness a wide scale adoption across the region and is expected to grow over $16 billion by 2021 growing at a CAGR over 29%. Among the country markets in North America, The U.S. and Canada accumulate significant revenue, owing to rapid legalization in the country, increasing number of evidences in favor of marijuana possessing medicinal properties, and growing acceptance among end-users

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Growing demand for hemp in Food and baby care products is set to escalate the market for industrial hemp

Food and baby care products, cloting and textiles among others are the major revenue segments in the industrial hemp market. North America, has been one of the leading importer of the industrial hemp based products over the past few years. However, with rapid legalization in the industry the market for

The major applications generating revenue under the industrial hemp segment are food and baby care products, clothing and textiles and other applications such as paper and building materials..

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This report includes a study of strategies, of major market players in the North America cannabis Market including Canadian Cannabis Corporation, Plandai Biotechnology., Tweed Marijuana Inc, Affinor Growers., Cannabis Sativa Inc, Cannavest, Canna Brands Inc, Omnicanna Health Solutions., Privateer Holdings, Inc, And Arena Pharmaceuticals, Inc.

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This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenerios & strategies, of the North America cannabis market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Derivativess, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Media Contact: Norah Trent, WiseGuy Reports, +1 (339) 368 6938,

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