United States Cannabis market was valued at USD 11.3 billion in 2018 and is expected to grow at a CAGR of close to 15% over the forecast period. The key factor for the growth of United States Cannabis market is it’s use in medical applications. The cannabis has been widely used for treating severe medical conditions like cancer, Parkinson’s disease, Alzheimer’s disease, arthritis, and other neurological conditions as a part of a medicinal product. Increasing requirement for pain management therapies and growing chronic pain among elder citizens has been witnessed to record high traction in the forthcoming years. Moreover, cannabis market has shown a significant growth over the past few years as more states have legalized it. Till now, 33 US states and the District of Columbia have legalized the use of marijuana for medical, recreational, or both purposes, which is giving a healthy push to growth of Cannabis market.

The United States Cannabis market is segmented based on product type, compound, application, region and company. Based on Product Type, the market can be segmented into Flower and Concentrates. The concentrates segment dominated the market and is anticipated to record the highest CAGR in the next 5 years on the account of their ease in usage, and their versatility in the method of delivery, such as dabbing, ingestible oils, and tinctures. Furthermore, the concentrates are cleaner, smoother, and less skunky when compared to flowers. In addition, the concentrates are more potent in nature having a potency rate of about 50% to 80% which is making it a popular choice among the end users and thereby boosting the growth of United States Cannabis market.

The major players operating in the United States Cannabis market are Green Man Cannabis, Los Sueños Farms LLC, Copperstate Farms, LLC, Harvest Health & Recreation, Inc., GrowHealthy Holdings, LLC., Vireo Health of New York, LivWell Enlightened Health LLC, Curaleaf Holding Inc, Isodiol International Inc., Medical Marijuana Inc.

Years considered for this report:

Historical Years: 2014–2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of United States cannabis market.
  • To classify and forecast United States cannabis market based on Product Type, Compound, application, company and regional distribution.
  • To identify drivers and challenges for United States cannabis market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States cannabis market.
  • To conduct pricing analysis for United States cannabis market.
  • To identify and analyze the profile of leading players operating in United States cannabis market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Cannabis companies across the US. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of United States cannabis market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Cannabis manufacturers, suppliers and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to cannabis
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United States cannabis market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Product Type:
    • Flower
    • Concentrates
  • Market, By Compound:
    • THC-Dominant
    • CBD-Dominant
    • Balanced THC & CBD
  • Market, By Application:
    • Medical
    • Recreational
  • Region:
    • West
    • Northeast
    • Midwest
    • South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States cannabis market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Voice of Customer

5.     United States Cannabis Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value & Volume

5.2.   Market Share & Forecast

5.2.1. By Product Type (Flower, Concentrates)

5.2.2. By Compound (THC-Dominant, CBD-Dominant, and Balanced THC & CBD)

5.2.3. By Application (Medical and Recreational)

5.2.4. By Region

5.2.5. By Company (2018)

5.3.   Market Attractiveness Index

6.     United States Flower Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume

6.2.   Market Share & Forecast

6.2.1. By Compound

6.2.2. By Application

7.     United States Concentrates Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value & Volume

7.2.   Market Share & Forecast

7.2.1. By Compound

7.2.2. By Application

8.     Market Dynamics

8.1.   Drivers

8.2.   Challenges

9.     Market Trends & Developments

10.  Policy & Regulatory Landscape

11.  United States Economic Profile

12.  Competitive Landscape (Partial list of companies)

12.1.  Green Man Cannabis

12.2.  Los Sueños Farms LLC

12.3.  Copperstate Farms, LLC

12.4.  Harvest Health & Recreation, Inc.

12.5.  GrowHealthy Holdings, LLC.

12.6.  Vireo Health of New York

12.7.  LivWell Enlightened Health LLC

12.8.  Curaleaf Holding Inc

12.9.  Isodiol International Inc.

12.10.   Medical Marijuana Inc.

13.  Strategic Recommendations

(Note: The companies list can be customized based on the client requirements)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com