Authored By: Sarah
18 Aug 2023

Cannabis Market In US Growth Analysis | Columbia Care Inc., Tilray Brand Inc., and Verano Holdings LLC. are among the key contributors

Competitive Benchmarking and Vendor Forecasts for 2023-2027

The US Cannabis Market is estimated to witness staggering growth of USD 46,904.91 million followed by a growth at a CAGR of 24.03% between 2022 and 2027.

Cannabis products, are consumed especially for recreational purposes and are very popular among millennials. The rising millennials across the US population are a primary game changer that has a significant impact on cannabis market growth followed by an increase in funding for research by government authorities due to the growing consumption of medical marijuana in the US. "As per data from,  National Survey on Drug Use and Health, in 2021, an estimated 36.4 million individuals aged 12 or older used marijuana for recreational and medical purposes."Track down all the details of the Cannabis Market in the US in our sample report.

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Cannabis Market in the US at a Glance

Key Market Players and their key offerings: When it comes to the key market placers in the market landscape some of the examples comprise.

  • Columbia Care Inc offers cannabis solutions such as spanning flowers, edibles, oils, and tablets, and manufactures popular brands including Seed and Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber.
  • Tilray Brands Inc offers cannabis solutions such as cannabinoid-based medicine, with a keen focus on providing research-backed medical cannabis products to physicians, pharmacies, and patients.
  • Verano Holdings LLC offers cannabis solutions such as oils, edibles, vapes, and concentrates.

Some of the prominent names comprise Aurora Cannabis Inc., Canopy Growth Corp., Charlottes Web Holdings Inc., Columbia Care Inc., Cresco Labs LLC, Cronos Group Inc., Curaleaf Holdings Inc., Folium Biosciences, Green Roads Inc., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Pure Spectrum CBD, etc. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Download  our sample report on Cannabis Market In the US

Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors market players must distinguish their product and service offerings through a clear and unique value proposition.

Cannabis Market In the US: Market Highlights

  • The Cannabis market in us is segmented by Type (CBD, THC, and Balanced THC and CBD) and Product (Medical and Recreational).
  • North America led the market with 100% of the market growth set to originate from this region during the forecast period.
  • Growing millennial population in key cannabis markets is one of the primary factors driving the growth of the cannabis market in us. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 
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