Recreational Cannabis Market is Probable to Influence the Value of USD 2,902.66 million by 2030, Size, Share, Trends, Industry Growth and Competitive Outlook

“The comprehensive  Recreational Cannabis Market analysis document is a verified source of information which offers a telescopic view of the current market trends, situations, opportunities and status. It estimates CAGR values in percentages which indicate the rise or fall occurring in the market for particular product for the specific forecast period. The report provides an in-depth overview of product specification, technology, product type, and production analysis considering major factors such as revenue, cost, and gross margin. In addition, Recreational Cannabis Market survey report has been generated by keeping in mind all the major aspects of the market research that brings market landscape comprehensibly into the focus.

With a dedication and determination of supreme level of resilience and integrated approaches, Recreational Cannabis Market research report is provided so that business can reveal the best market opportunities and look after competent information for the business to achieve the success. This wide ranging report consists of a detailed data and information that provides present and upcoming opportunities to clarify the future investment in the market. All these parameters can be explored to analyze market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors.

Even though cannabis was once considered illegal in many countries, it is now legal to use in several economies, including cannabis as medical and recreational cannabis to treat various medical conditions. It has reportedly been used to treat patients with Parkinson’s, Alzheimer’s, Parkinson’s-related and chemotherapy-related nausea, and other neurological diseases. According to some studies, cannabis derivatives are now being accepted by the FDA and other organizations for treating diseases where they have shown promise. Cannabis is largely accepted for recreational food and beverage products.

Data bridge market research analyses that the recreational cannabis market, valued at USD 1,780.45 million in 2022, will reach USD 2,902.66 million by 2030, growing at a CAGR of 6.3% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Cannabis, more commonly referred to as marijuana, is an herbal remedy derived from plants of the Cannabis genus and is used to treat a wide range of symptoms and illnesses, including cancer, chronic pain, and mental disorders. The two main cannabinoids (THC and CBD) derived from this plant that has medicinal applications. Recreational marijuana is also the most widely used drug that alters consciousness. Recreational marijuana is frequently smoked as a dry, shredded mixture of flowers, stems, seeds, and leaves in green and brown. Recreational marijuana can be consumed as a blunt, pipe or bong, or cigarette (joint).

Some of the major players operating in the recreational cannabis market are:

• AURORA CANNABIS INC (Canada)
• Cannabis Science Inc.(U.S.)
• Medical Marijuana, Inc.(U.S.)
• STENOCARE A/S  (Denmark)
• CannabisNL (U.S.)
• Controlled Environments Limited (Canada)
• The Cronos Group (Canada)
• Maricann Inc (Canada)
• Tikun Olam (Israel)
• Canopy Growth Corporation (Canada)
• TerrAscend (Canada)
• VIVO Cannabis Inc.(Canada)
• Harvest Health & Recreation, Inc (U.S.)
• Curaleaf Holdings Inc. (U.S.)
• HEXO Corp. (Canada)
• INDIVA. (Canada)
• Cresco Labs (U.S.)
• Organigrams Holding Inc. (Canada)
• Trulieve (U.S.)

Recreational Cannabis Market Dynamics

Drivers

• The pharmaceutical industry is seeing a growing demand for cannabis for recreational use

Cannabis is a drug that is produced using the cannabis sativa, cannabis indica, and hybrid strains. The two main cannabinoids that are most effective are tetrahydrocannabinol (THC), a psychoactive cannabinoid, and cannabidiol (CBD). The growing acceptance of recreational cannabis in various medical settings is anticipated to drive the cannabis market. Recreational cannabis has many health advantages in treating conditions such as epilepsy, anxiety, cancer, acne, diabetes, and others. The rise in demand for recreational marijuana by the pharmaceutical industry because of its therapeutic properties is one of the primary drivers of the medical and recreational cannabis industries.

• Legalizing cannabis for non-medical purposes can boost the market growth

With the legalization of cannabis, people can now use drugs without risk and take advantage of their therapeutic effects. As a result, many countries are gradually legalizing the use of cannabis. At the same time, it is still illegal in most countries. As the laws governing its use and sale have become more relaxed over time, cannabis use for recreational purposes has become increasingly popular worldwide. This has helped the recreational cannabis industry as a whole to grow. Through the substantial demand for cannabis use for recreational purposes, this market segment is already outpacing all others. The market for cannabis used for recreational purposes could grow significantly if it were made legal.

Opportunities

• Production of low dosages of cannabis can attract customers and will widen the scope of growth

Producing low-dosage edible products for consumers who want medical cannabis without psychoactive effects is a great opportunity for manufacturers. Additionally, low-dosage edible products are a great way to attract new customers to the recreational cannabis market because micro-dosing enables controlled recreational use. Additionally, its therapeutic properties, cannabidiol, is more in demand for both health and wellness goals.

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The recreational cannabis market is segmented on the basis of product type, distribution channel, species, compound, application, administration, and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Oils
• Tinctures
• Transdermal patches
• Isolates
• Tablets
• Flower
• Concentrates
• Edibles
• Topical
• Others
• Vape
• Capsules
• Suppositories
• Creams and roll-ons

Distribution channel

• Online
• Offline
• Retail store
• Pharmacies
• Others

Species

• Cannabis indica
• Cannabis sativa
• Hybrid

Compound

• THC-Dominant
• CBD-Dominant
• Balanced THC and CBD

Application

• Chronic Pain
• Mental Disorders
• Cancer
• Others

Administration

• Oral
• Topical
• Inhalation
• Rectal
• Sublingual

End Use

• Pharmaceuticals
• Food
• Beverages
• Tobacco
• Personal care
• Research and Development Centre

Regions Covered in the Global  Recreational Cannabis Market Report 2023:
? The Middle East and Africa (GCC Countries and Egypt)
? North America (the United States, Mexico, and Canada)
? South America (Brazil etc.)
? Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
? Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The key questions answered in this Recreational Cannabis Market Report:

• What will be the  Recreational Cannabis Market Size and Growth Rate in the forecast year?
• What are the Key Factors driving Recreational Cannabis Market?
• What are the Risks and Challenges in front of the Recreational Cannabis Market?
• Who are the Key Vendors in Recreational Cannabis Market?
• What are the Trending Factors influencing the Recreational Cannabis Market shares?
• What are the Key Outcomes of Porter’s five forces model?
• Which are the Global Opportunities for Expanding the Recreational Cannabis Market?

Table of Contents

Global  Recreational Cannabis Market Research Report 2023 – 2029

Chapter 1 Recreational Cannabis Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Recreational Cannabis Market Forecast

Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-recreational-cannabis-market

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