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The global cannabis products market size is expected to grow from $35 billion in 2022 to $42.15 billion in 2023 at a compound annual growth rate (CAGR) of 20.5%. The cannabis products market is expected to grow from $100.63 billion in 2027 at a CAGR of 24.3%.

Cannabis products are cannabis that has been subjected to a procedure that converts the plant material into a concentrate, such as concentrated cannabis, or an edible or topical product combining cannabis or concentrated cannabis plus additional drugs. It is widely used recreationally and has a number of medical applications, including the treatment of headaches, nausea, and vomiting.

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Cannabis Products Market Driver
Cannabis’s expanding medical applications are a primary driver of the cannabis goods market. THC (delta-9 tetrahydrocannabinol) is the major active ingredient in cannabis, which is derived from Indian hemp plants such as Cannabis sativa and Cannabis indica.

Cannabis Products Market Trends
Solar cannabis farming is a new trend in the cannabis industry. Cannabis product manufacturing firms are investing in solar cannabis growing since cannabis production demands a huge amount of energy for lighting, heating, air conditioning, and dehumidification systems. This is mostly due to the legalisation of cannabis products in several jurisdictions across the United jurisdictions, which is boosting energy usage and driving cannabis manufacturers to opt for solar cannabis production.

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Major Players And Regions Of The Cannabis Products Market
Major players in the cannabis products market are Canopy Growth Corporation, Aphria Inc., Aurora Cannabis, Cara Therapeutics, GW Pharmaceuticals PLC., Maricann Group, Tilray, The Cronos Group, Tikun Olam, and United Cannabis Corporation.

North America was the largest region in the cannabis products market in 2022.

Cannabis Products Market Segmentation By The Business Research Company –
1) By Product Type: Flower, Concentrates, Other Product Types
2) By Usage: Medical, Recreational
3) By Compound: THC-Dominant, CBD-Dominant, Balanced THC & CBD
4) By Route Of Administration: Oral Solutions And Capsules, Smoking, Vaporizers, Topicals, Other Route Of Administrations

The Table Of Content For The Cannabis Products Market Include:
1. Cannabis Products Market Executive Summary
2. Cannabis Products Market Segments
3. Cannabis Products Market Size And Cannabis Products Market Growth Rate
4. Key Cannabis Products Market Trends
5. Major Cannabis Products Market Drivers
……
25. Key Mergers And Acquisitions In The Cannabis Products Market
26. Top Cannabis Products Companies
27. Cannabis Products Market Opportunities And Strategies
28. Cannabis Products Market, Conclusions And Recommendations
29. Appendix

The Cannabis Products Market Global Market Report 2023 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the cannabis products market.

View More Reports Related To The Market –
Cannabis Testing Global Market Report 2023
Cannabis Cultivation Global Market Report 2023
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