North America Cannabis Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Flower, Concentrates, and Others); Application (Medical, and Recreational); Compound (Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant, Balanced THC and CBD), and Country
BMI RD
North America Cannabis Market Forecast to 2027 – COVID-19 Impact and Analysis – by Product Type (Flower, Concentrates, and Others), Application (Medical and Recreational), and Compound (Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant, and Balanced THC and CBD)
Pages: 142
Market Introduction
The use of cannabis in the medical industry has grown significantly in recent years. It is obtained from Indian hemp plants named cannabis indica and cannabis sativa. There are different forms of cannabis available, such as marijuana, hashish, and hash oil. Cannabis is being used for medical purposes for many years. Recent studies show that cannabis may be useful to help with conditions, such as nausea and vomiting, particularly when associated with chemotherapy, glaucoma, epilepsy, and asthma.
Get more information on this report : 
Market Overview and Dynamics
The North America cannabis market is expected to reach US$ 65,161.4 million by 2027 from US$ 6,036.9 million in 2019. The market is anticipated to grow at a CAGR of 29.9% from 2020 to 2027. Factors driving the market growth include increasing approvals for cannabis-based products, and growing sales and inventory for cannabis. The COVID-19 outbreak is expected to increase the demand for cannabis products to treat breathing illness, nausea, and vomiting symptoms. However, stringent regulatory framework for cannabis is likely to hinder the market growth during the forecast period.
Key Market Segments
In terms of product type, the flowers segment held the largest share of the market in 2019; however, the concentrates segment is anticipated to register the highest CAGR during the forecast period. In terms of application, the medical segment held a larger share of the market in 2019 and the recreational segment is estimated to register a higher market share during the forecast period. In terms of compound, the pain management segment held a larger share of the market in 2019 and is estimated to register a higher CAGR during the forecast period.
Major Sources and Companies Listed
World Health Organization, Food and Drug Administration, and Drug Enforcement Administration are some of the major primary and secondary sources for the North America cannabis market included in the report.
Reasons to buy the report
- To understand the North America cannabis market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the North America cannabis market
- To efficiently plan M&A and partnership deals in the North America cannabis market by identifying market segments with the most promising probable sales
- To help in taking knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments of the North America cannabis market
- To obtain market revenue forecast for market by various segments from 2019 to 2027 in the region
North America Cannabis Market Segmentation
By Product Type
- Flowers
- Concentrates
- Others
By Application
- Medical
- Pain Management
- Neurological Health Management
- Mental Health Management
- Others
- Recreational
By Compound
- Tetrahydrocannabinol (THC)-Dominant
- Cannabidiol (CBD)-Dominant
- Balanced THC and CBD
Company Profiles
- Aphria, Inc.
- Aurora Cannabis
- Cannabis Science, Inc.
- Canopy Growth Corporation
- Medical Marijuana, Inc.
- VIVO Cannabis Inc.
- Tikun Olam
- Terra Tech Corp.
- Tilray
- The Cronos Group
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North American Cannabis Market– By Product Type
1.3.2 North American Cannabis Market– By Application
1.3.3 North American Cannabis Market – By Compound
1.3.4 North American Cannabis Market– By Region
2. Cannabis Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Cannabis – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Expert Opinion
5. North America Cannabis Market – Industry Dynamics
5.1 Key Drivers
5.1.1 Growing Approvals for Cannabis-based Products
5.1.2 Growing Sales and Inventory for Cannabis
5.2 Key Market Restraints
5.2.1 Stringent Regulatory Framework for Cannabis
5.3 Key Market Opportunities
5.3.1 Rising Market Consolidations
5.4 Future Trends
5.4.1 Growing Acceptance of Cannabis Products
5.5 Impact Analysis
6. Cannabis Market – Regional Analysis
6.1 North America Cannabis Market Revenue Forecast And Analysis
6.2 Market Positioning of Key Players
7. Cannabis Market Analysis – By Product Type
7.1 Overview
7.2 Cannabis Market Revenue Share, by Product Type, 2019 and 2027 (%)
7.2.1 North America Cannabis Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
7.3 Flowers Market
7.3.1 Overview
7.3.2 Flowers Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Concentrates Market
7.4.1 Overview
7.4.2 Concentrates Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Others Market
7.5.1 Overview
7.5.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
8. Cannabis Market – By Application
8.1 Overview
8.2 Cannabis Market, by Application, 2019 and 2027 (%)
8.2.1 North America Cannabis Market, by Application – Revenue and Forecast to 2027 (USD Million)
8.3 Medical Market
8.3.1 Overview
8.3.2 Medical Market Revenue and Forecast to 2027 (US$ Mn)
8.3.3 Pain Management
8.3.3.1 Overview
8.3.3.2 Pain Management Market Revenue and Forecast to 2027 (US$ Mn)
8.3.4 Neurological Health Management
8.3.4.1 Overview
8.3.4.2 Neurological Health Management Market Revenue and Forecast to 2027 (US$ Mn)
8.3.5 Mental Health Management
8.3.5.1 Overview
8.3.5.2 Mental Health Management Market Revenue and Forecast to 2027 (US$ Mn)
8.3.6 Others
8.3.6.1 Overview
8.3.6.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Recreational Market
8.4.1 Overview
8.4.2 Recreational Market Revenue and Forecast to 2027 (US$ Mn)
9. Cannabis Market – By Compound
9.1 Overview
9.2 Cannabis Market, by Compound, 2019 and 2027 (%)
9.2.1 North America Cannabis Market, by Compound – Revenue and Forecast to 2027 (USD Million)
9.3 Tetrahydrocannabinol (THC)-Dominant Market
9.3.1 Overview
9.3.2 Tetrahydrocannabinol (THC)-Dominant Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Cannabidiol (CBD)-Dominant Market
9.4.1 Overview
9.4.2 Cannabidiol (CBD)-Dominant Market Revenue and Forecast to 2027 (US$ Mn)
9.5 Balanced THC and CBD Market
9.5.1 Overview
9.5.2 Balanced THC and CBD Market Revenue and Forecast to 2027 (US$ Mn)
10. Cannabis Market– Regional Analysis
10.1 North America: Cannabis Market
10.2 Overview
10.3 North America Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.4 North America Cannabis Market Revenue and Forecasts, by Product Type(US$ Mn)
10.5 North America Cannabis Market Revenue and Forecasts, By Application (US$ Mn)
10.5.1.1 North America Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.6 North America Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
10.7 North America Cannabis Market Revenue and Forecasts to 2027, By Country (%)
10.8 US Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.8.1 US Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.8.2 US Cannabis Market Revenue and Forecasts, by Product Type(US$ Mn)
10.8.3 US Cannabis Market Revenue and Forecasts, by Application (US$ Mn)
10.8.3.1 US Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.8.3.2 US Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
10.9 Canada Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.9.1 Canada Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.9.2 Canada Cannabis Market Revenue and Forecasts, by Product Type(US$ Mn)
10.9.3 Canada Cannabis Market Revenue and Forecasts, by Application (US$ Mn)
10.9.3.1 Canada Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.9.4 Canada Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
10.10 Mexico Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.10.1 Mexico Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.10.2 Mexico Cannabis Market Revenue and Forecasts, by Product Type(US$ Mn)
10.10.3 Mexico Cannabis Market Revenue and Forecasts, by Application (US$ Mn)
10.10.3.1 Mexico Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.10.4 Mexico Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
11. Impact of COVID-19 Pandemic on North America Cannabis Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Cannabis Market–Key Company Profiles
12.1 Aphria, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 Product Portfolio
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Aurora Cannabis
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 Product Portfolio
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cannabis Science, INC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 Product Portfolio
12.3.5 Swot Analysis
12.3.6 Key Developments
12.4 Canopy Growth Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 Product Portfolio
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Medical Marijuana, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 Product portfolio
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 VIVO Cannabis Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 Product Portfolio
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Tikun Olam
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 Product Portfolio
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Terra Tech Corp.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 Product Portfolio
12.8.5 Swot Analysis
12.8.6 Key Developments
12.9 Tilray
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 Product Portfolio
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 The Cronos Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 Product portfolio
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Cannabis Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 2. North America Cannabis Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 3. North America Cannabis Market, by Compound – Revenue and Forecast to 2027 (USD Million)
Table 4. North America Cannabis Market Revenue and Forecasts to 2027, By Product Type(US$ Mn)
Table 5. North America Cannabis Market Revenue And Forecasts to 2027, By Application (US$ Mn)
Table 6. North America Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 7. North America Cannabis Market Revenue And Forecasts to 2027, By Compound (US$ Mn)
Table 8. US Cannabis market Revenue And Forecasts to 2027, By Product Type(US$ Mn)
Table 9. US Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 10. US Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 11. US Cannabis Market Revenue And Forecasts to 2027, By Compound (US$ Mn)
Table 12. Canada Cannabis Market Revenue and Forecasts to 2027, By Product Type(US$ Mn)
Table 13. Canada Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 14. Canada Medical Market Revenue and Forecasts to 2027, By type (US$ Mn)
Table 15. Canada Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 16. Mexico Cannabis Market Revenue and Forecasts to 2027, By Product Type(US$ Mn)
Table 17. Mexico Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 18. Mexico Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 19. Mexico Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 20. Glossary of Terms, Cannabis Market
LIST OF FIGURES
Figure 1. Cannabis Market Segmentation
Figure 2. Cannabis Market Segmentation – By Region
Figure 3. North America Cannabis Market Overview
Figure 4. Flowers Segment Held Largest Share Of Product Type Segment In The Cannabis Market
Figure 5. US Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. North America: PEST Analysis
Figure 7. North America Cannabis Market – Revenue Forecast And Analysis – 2019- 2027
Figure 8. Market Positioning Of Key Players In Cannabis Market
Figure 9. Cannabis Market Revenue Share, by Product Type, 2019 and 2027 (%)
Figure 10. Flowers Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 11. Concentrates Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 12. Others Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 13. Cannabis Market, by Application 2019 and 2027 (%)
Figure 14. Medical Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 15. Pain Management Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 16. Neurological Health Management Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 17. Mental Health Management Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 18. Others Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 19. Recreational Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 20. Cannabis Market, by Compound, 2019 and 2027 (%)
Figure 21. Tetrahydrocannabinol (THC)-Dominant Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 22. Cannabidiol (CBD)-Dominant Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 23. Balanced THC and CBD Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 24. North America Cannabis Market Revenue, By Country, 2019 (US$ MN)
Figure 25. North America Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 26. North America Cannabis Market Revenue and Forecasts To 2027, By Country (%)
Figure 27. US Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 28. Canada Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 29. Mexico Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 30. Impact of COVID-19 Pandemic on Cannabis Market in North American Countries
The List of Companies - North America Cannabis Market
- Aphria, Inc.
- Aurora Cannabis
- Cannabis Science, Inc.
- Canopy Growth Corporation
- Medical Marijuana, Inc.
- VIVO Cannabis Inc.
- Tikun Olam
- Terra Tech Corp.
- Tilray
- The Cronos Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America cannabis market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America cannabis market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.