The wave behind commercialization of cannabis cultivation largely pivots on legalization of recreational cannabis, most notably in the U.S. and Canada.
Global Cannabis Cultivation Market: Overview
The wave behind commercialization of cannabis cultivation largely pivots on legalization of recreational cannabis, most notably in the U.S. and Canada. Producers of commercial-scale cannabis are enamored by the groundswell of interest that legalized medical marijuana has made among consumers.
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In numerous parts of the U.S. and Canada, producers have forked out large sums on getting cultivation licenses. Cultivators in a few developed regions have been investing colossally on greenhouse farming methods for the cannabis cultivation. The exorbitant large return on investment is essentially what drives their interest in the cannabis cultivation.
Spending on legal cannabis are swelling at a marked pace, spurring companies in expanding the size of cannabis farms. In crux, the cannabis cultivation is a fast growing industry, and emerging markets such as in North America will witness the rise of numerous large-scale greenhouse production facilities. The ecosystem will also attract home growers who are attracted by medical marijuana. The potential use of cannabinoids as medicine is fast gathering steam among worldwide populations.
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The report on the cannabis cultivation market presents a deep-dive assessment of several of the aforementioned trends behind its evolution. The insights offered in the study strives to weigh in the size the global cannabis cultivation market is expected to assume in the face of intense interest of commercial cultivators in reaping the profits of medical or recreational marijuana. The authors of the report aim to scrutinize the various issues encompassing the legalizing wave, especially the rules and regulations on product safety and labelling.
Global Cannabis Cultivation Market: Trends and Opportunities
Several states of America have witnessed the rapid increase in numbers of cultivation permits. A host of large purported medicinal benefits of marijuana drives interest of companies in cannabis cultivation, world over. Some of the therapeutic areas where cannabis cultivation holds great promise are in the treatment of pain and inflammation, in controlling epileptic seizures, and in managing mental illnesses. CBD, a key cannabinoid obtained from the marijuana plant, has been used in FDA-approved medications.
Coupled with this, the colossal interest of researchers in the science behind the cannabinoid chemicals is also helping propelling opportunities in the cannabis cultivation market. A number of public health research institutes, such as in the U.S., have been exploring this space. This is evident in the growing numbers of animal studies on the clinical role of marijuana extracts in treating cancer and a host of diseases.
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The report on the global cannabis cultivation market provides an in-depth insight into various trends that will spur interest among growers. The study also highlights how zealous commercial growers are benefitting from advances in plant science and analytical chemistry that has been used in hemp production.
Global Cannabis Cultivation Market: Regional Landscape
The report provides an assessment of key growth areas in various regions and offers projections on the size of key regional markets. The study on the cannabis cultivation also takes a closer look at the prevailing regulatory frameworks and the recent changes that impact the key market dynamics.
Of the various key regions, North America has held an extraordinary revenue potential in the cannabis cultivation market. The growth of the regional market is on the back of the presence of large numbers of companies in the U.S. and Canada who have bagged licenses in recent years. Further, relentless efforts of researchers to investigate the therapeutic effect of cannabis compounds has also added momentum to the expansion. Cannabis growers in the region are also benefiting from the presence of high-tech labs for testing and calibration. Plus, they are leveraging large greenhouse complexes for large-scale cannabis production.
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The wave of legalizing cannabis cultivation has touched other geographies, most notably countries in Asia Pacific. A case in point is India.
Global Cannabis Cultivation Market: Companies Profiled in the Report
The study presents a critical assessment of the player ecosystem that includes the intensity of competition, promising investment pockets for new entrants, and degree of fragmentation. Some of the prominent players the study has stress upon are Canopy Growth Corporation, Aurora Cannabis, GW Pharmaceuticals plc., Sativa, Inc., and TruTrace Technologies Inc.
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