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The United States medical cannabis industry attained a value of around USD 13.1 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 14% to reach a value of about USD 28.8 billion by 2026.
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Cannabis refers to a psychoactive medication extracted from the Cannabaceae family cannabis plant. The drug was used in ancient Indian, Chinese, Egyptian as well as Islamic cultures. These days, cannabis is used in treating a wide range of diseases, such as cancer, chronic pain, depression, arthritis, diabetes, glaucoma, migraines, epilepsy, multi-sclerosis, AIDS, amyotrophic side sclerosis (ALS), Alzheimer's, post-traumatic stress disorder (PTSD), Parkinson's, and Tourette's. Cannabis has also been approved for medicinal use in multiple countries with varying levels of legal constraints due to its therapeutic benefits.
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Based on the product, the industry can be divided into:
Based on species, the industry is segmented into:
The market can be broadly categorised based on its applications into:
The distribution channels can be divided into:
The EMR report looks into the regional markets like New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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The ageing population in the region has played a vital role in raising the market for medical cannabis, as geriatric patients are more prone to developing chronic diseases and need more doctor visits. Clinical trials, R&D, and the commercialisation of indications based on cannabis are also anticipated to catalyse the market growth.
Although spending on health products is less likely to fluctuate, medical marijuana use is subject to unusual shifts in disposable incomes. As a result, higher disposable incomes will have a positive effect on medical cannabis demand. The application sector is being led by the chronic pain segment.
The report presents a detailed analysis of the following key players in the United States medical cannabis industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraints
5.3 Industry Challenges
5.4 Industry Opportunities
6 United States Medical Cannabis Market Analysis
6.1 Figure: United States Medical Cannabis Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: United States Medical Cannabis Market Breakup by Product
6.3 Figure: United States Medical Cannabis Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
6.4 Chart: United States Medical Cannabis Market Breakup by Species
6.5 Figure: United States Medical Cannabis Market Breakup by Species: Historical Market (2016-2020) & Forecast (2021-2026)
6.6 Chart: United States Medical Cannabis Market by Application
6.6.1 Chronic Pain
6.6.2 Mental Disorders
6.7 Figure: United States Medical Cannabis Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 Chronic Pain
6.7.2 Mental Disorders
6.8 Chart: United States Medical Cannabis Market Breakup by Distribution Channel
6.8.3 Online Retailers
6.9 Figure: United States Medical Cannabis Market Breakup by Distribution Channel: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.3 Online Retailers
6.10 Chart: United States Medical Cannabis Market Breakup by Region
6.10.1 New England
6.10.3 Great Lakes
6.10.7 Rocky Mountain
6.10.8 Far West
6.11 Figure: United States Medical Cannabis Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.11.1 New England
6.11.3 Great Lakes
6.11.7 Rocky Mountain
6.11.8 Far West
7 United States Medical Cannabis Price Analysis
7.1 Medical Cannabis Historical Price Trends (2016-2020) & Forecast (2021-2026)
8 Global Trade Analysis
8.1 Major Exporting Countries by Value & Volume
8.2 Major Importing Countries by Value & Volume
9 SWOT Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 EMR’s Key Indicators for Demand
12 EMR’s Key Indicators for Price
13 Competitive Landscape & Supplier Analysis
13.1 Green Man Cannabis
13.1.1 Company Profile
13.1.2 Financial analysis
13.2 Los Sueños Farms LLC
13.2.1 Company Profile
13.2.2 Financial analysis
13.3 Copperstate Farms, LLC
13.3.1 Company Profile
13.3.2 Financial analysis
13.4 Harvest Health & Recreation, Inc. (CNSX: HARV)
13.4.1 Company Profile
13.4.2 Financial analysis
13.5 GrowHealthy Holdings, LLC
13.5.1 Company Profile
13.5.2 Financial analysis
13.6 Vireo Health of New York (OTC: VREOF)
13.6.1 Company Profile
13.6.2 Financial analysis
13.7 LivWell Enlightened Health LLC
13.7.1 Company Profile
13.7.2 Financial analysis
14 Events and Developments
Additional Customization Available:
15 Manufacturing Process
15.1 Detailed Process Flow
15.2 Operations Involved
15.3 Mass Balance
16 Production Cost Analysis
16.1 Land, Location and Site Development
16.3 Plant Machinery
16.4 Cost of Raw Material
16.9 Other Capital Investment
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