DUBLIN, November 25, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/mvl6zs/cannabis_market) has announced the addition of the "Cannabis Market in the US 2015-2019" report to their offering.
The cannabis market in the US to grow at a CAGR of 41.8% over the period 2014-2019.
Cannabis is popularly known as marijuana. It is prepared from cannabis plant for medical purpose. THC (tetrahydrocannabinol) is the major psychoactive part in cannabis. Its consumption is generally through chewing or smoking, and it contain at least 85 cannabinoids.
Cannabis Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the cannabis market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors in this market.This report covers the present scenario and the growth prospects of the cannabis market in the US for the period 2015-2019. This report provides data on the market based on the following: distribution channel, geography, and application.
With the adoption of new and advanced techniques, the market will witness a high volume of cannabis production. In addition, the adoption of hydroponic growth techniques has increased exponentially following the legalization of cannabis use for recreational purposes, thereby resulting in higher sales and revenue generation.
According to the report, one of the major drivers is the increasing demand for cannabis for recreational purposes. With legalization, many vendors are investing heavily in the market to meet growing consumer demand. This has not only increased market opportunities for vendors, but it has also increased the tax revenue for the state government.
Further, the report states that the issues related to packaging are hindering the growth of the market. New regulations are placing more emphasis on child-resistant packaging, which leads to changes in the outer packaging, thereby leading to safer usage of the product; this has significantly affected the sales and profit margins of the vendors in the market.
- American Cannabis
- Medical Marijuana
- Mentor Capital
- Terra Tech
- United Cannabis
Other prominent vendors
- Cannabis Sativa
- Cannabis Science
- Chuma Holdings
- Dixie Elixirs & Edibles
- General Cannabis
- Monarch America
- Natural Cannabis
- Novus Acquisition & Development
- Oregon Green Seed
- Origin Cannabis
- Privateer Holdings
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Market segmentation by geography
Part 08: Market segmentation by distribution channel
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information visit http://www.researchandmarkets.com/research/mvl6zs/cannabis_market
SOURCE Research and Markets