Dublin, Sept. 14, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/sqnlt7/north_america) has announced the addition of the "North America Cannabis Market: Focus on Application, Derivative, and Region - Estimation & Forecast, 2015-2020" report to their offering.
The North America Cannabis market is poised to grow from $ 3.46 billion in 2014 to $20.67 billion in 2020 at an estimated CAGR of 29.80% from 2015 to 2020.
Factors like multifaceted applications of cannabis, expansion of licensing strategies, and automated irrigation system among others are driving this market towards growth. This market is also tackling some issues like volatile regulatory framework, absence of market leaders, perception towards marijuana, and environmental hazards among others.
Owing to the fragmented supply chain and the presence of black market and perception issues, the cannabis market in North America has been estimated and forecasted strictly for the legal states, both for marijuana and hemp.
The following pointers will encompass the scope of the research study and will lend a better understanding to the reader:
- The total cannabis market is inclusive of the two primary derivatives namely-marijuana and Industrial Hemp
- The market estimation for marijuana includes revenue from the legalized and active markets and Canada, where only medical marijuana is legalized
- Certain states have legalized medical and recreational marijuana after 2013, however, there markets are not yet active and therefore, their market shares are not included in the total market size for the benchmark year (2014)
- The report includes revenue for the marijuana market for all the active states having market share of above 0.5%. Rest of the state's revenue are clubbed as others
- Through the forecast period, the other' states segment will also include the revenue from further states that are anticipated to legalize medical marijuana
- The market size by application has been further segmented as applications of marijuana and industrial hemp for better clarity
- The report includes the estimates of different entities of the cannabis ecosystem
- The report also includes the optimistic revenue estimate for the benchmark year only for the U.S
- Tax revenue estimate in case when marijuana is legalized across all the states in the U.S. has also been included
Key Topics Covered:
1 Research Methodology, Scope And Coverage
2 Executive Summary
3 Introduction To North American Cannabis Market
4 Key Strategies And Development In The North American Cannabis Market (2013-2015)
5 Market Dynamics
6 North America Cannabis Industry Analysis
7 Regulatory & Legal Framework, Consortiums And Compliances
8 Market Sizing - Estimation, Analysis & Forecast By Derivative
9 Market Sizing- Estimation, Analysis & Forecast By Application
10 Market Sizing Analysis & Forecast, By Market Demand
11 Key Market Players Profiles
- 22nd Century Group, Inc.
- Abattis Bioceuticals Corporation
- Advanced Cannabis Solutions
- Affinor Growers
- Agrisoft Development Group
- Arena Pharmaceuticals, Inc.
- Canadian Cannabis Corporation
- Canna Brands Inc.
- Canna Grow Holdings
- Cannabics Pharmaceuticals Inc.
- Cannabis Sativa Inc.
- Cannabis Science, Inc.
- Cannabis Therapy Corporation
- Cannacare Docs
- Cannavest
- Dave
- Eaze
- Endexx Corporation
- Equipment & Infrastructure
- Frweed Pro
- Grassp
- Green Technology Solutions Inc. (Gtso)
- Gw Pharmaceuticals
- Hemp, Inc.
- Information Technology
- Insys Therapeutics
- Leafly
- Mass Roots
- Meadow
- Medbox, Inc.
- Medical Marijuana Inc.
- Nestdrop
- Omnicanna Health Solutions
- Otsuka Pharmaceutical Co. Ltd
- Plandai Biotechnology
- Privateer Holdings, Inc.
- Quantum 9
- Sanofi Pharmaceuticals
- Surna, Inc.
- Tweed Marijuana Inc.
- Weedmaps
For more information visit http://www.researchandmarkets.com/research/sqnlt7/north_america