According to Fortune Business Insights’ upcoming study, “Cannabis/Marijuana Market, 2019-2026,” the worldwide cannabis market is expected to grow due to its rising use for medicinal purposes.
Cannabis offers “therapeutic and medical benefits,” according to the United Nations Office on Drugs and Crime (UNODC). According to the analysis, the market size in 2021 was USD$10.60 billion.
List of the Leading Companies Profiled in the Global Cannabis Market are:
- Aurora Cannabis (TSX.ACB)
- Aphria Inc. (TSX.APHA)
- Canopy Growth Corp. (TSX.WEED)
- MedReleaf Corp.
- Cronos Group Inc. (TSX.CRON)
- GW Pharmaceuticals. plc.
- CannTrust Holdings Inc. (OTCMKTS: CNTTQ)
- VIVO Cannabis (TSX.VIVO)
- Tilray Inc. (NASDAQ: TLRY)
Impact of COVID-19:
The COVID-19 pandemic is posing an unparalleled threat to the planet. Due to the shutdown, a number of businesses have shut down their manufacturing and distribution facilities. To meet the enormous demand from front-line personnel and the general public, these manufacturing plants shifted to the production of hand sanitizers, PPE kits, and masks.
Where do you see the future of the cannabis market in Canada? Leave your comments below.