United States Cannabis market was
valued at USD 11.3 billion in 2019 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 its use in medical applications. The cannabis has been
widely used for curing 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 projected
to record high traction in the coming 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
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: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
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
- 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
- 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
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
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
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:
- United States Cannabis Market, By Product Type:
- United States Cannabis Market Market, By Compound:
THC & CBD
- United States Cannabis Market Market, By Application:
- United States Cannabis Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in United States cannabis market.
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:
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analysis and profiling of additional market players (up to five).