Europe Cannabis Market research report draws attention to key market dynamics of the sector. A range of definitions and classification of the Europe Cannabis Market industry, applications of the Global Europe Cannabis Market industry and chain structure are provided in the report. The competitive landscape section of the report brings into light a clear insight about the market share analysis of major industry players. The company profiles of all the top players and brands that are leading the Europe Cannabis Market with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are revealed in this market report.
By keeping in mind the end user’s point of view, a team of researchers, forecasters, analysts and industry experts work in-depth to prepare Europe Cannabis Market research report. It is the most appropriate, realistic and admirable market research report delivered with a supreme devotion and comprehension of business needs. The research and analysis carried out in this report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product.Europe Cannabis Market is the most promising market research report which has been framed in the way foreseen.
Data Bridge Market Research analyzes that the Europe cannabis market will grow at a CAGR of 43.10% during the forecast period of 2022 to 2029.
Market Overview
Cannabis is defined as dried leaves and flowering tops of Cannabis indica or Cannabis sativa plants that are consumed or smoked for its therapeutic or psychotropic effects. Cannabis (Cannabis sativa) is a herbal drug. It contains chemicals called cannabinoids, including delta-9-Tetrahydrocannabinol (THC) and Cannabidiol (CBD). Cannabinoids, which are active compounds in cannabis, have drug-like effects on all systems of the body, including the immunological and central neurological systems continued usage of which may result in psychological dependence. Cannabis may be used to alleviate cancer symptoms and cancer treatment side effects that include pain, nausea, cachexia (loss of body weight and muscle mass), and other chronic illnesses. Applications of cannabis are widely used in food & beverages, cosmetics, pharmaceuticals, textile, chemical industries, and various other industries.
Some of the major Some of the major players operating in the Europe cannabis market are
- Aurora Cannabis Inc.
- CANOPY GROWTH CORPORATION
- The Cronos Group, Aphria Inc
- Tilray
- Cannabis Science Inc.
- SOMAÍ Pharmaceuticals Inc.
- IMCI Pharmaceuticals,
- Peace Natural Projects inc
- BOL Pharma, PharmaHemp
- Kiehl's, Endoca
- Althea Company Pty Ltd
Europe Cannabis Market Dynamics
Drivers
- Legalization of medical and recreational use of cannabis
Cannabis is available in the form of tablets and topical solutions for use in medical treatments of chronic pain, cancer and others whereas it is available in the form of buds and tinctures or even in small leaves form which is smoked along with tobacco for recreational purposes.
Buying cannabis is not legal in most countries since it has properties that can make a person hallucinate ultimately resulting in a criminal offense as per any constitutional law. But its strong medicinal properties especially in the treatment of cancer encouraged the government of the countries to legalize its use for the well-being of its country’s population. Steps were taken by the government of Canada to legalize the use of cannabis both for medical as well as recreational purposes after Uruguay legalized it for the first time officially.
According to the National Institute of Cannabis Investors, 33 states have legalized cannabis for medical purposes and 11 states have legalized the plant’s recreational use. It is only a matter of time before more states follow suit and legalize cannabis to treat medical patients in their states, attract out-of-state tourists and stimulate their economies. Two states that legalized medical marijuana in 2020 were Nebraska and Mississippi. Thus, the legalization of cannabis in medical and recreation applications is driving market growth.
- Medical advantages of cannabis
Cannabis, commonly termed marijuana, belongs to the family of cannabis plants. It can be of two types namely- Cannabis sativa and Cannabis indica. It comprises Tetrahydrocarbon (THC) and Cannabidiol (CBD) contents in it. CBD helps to decide the medical use and benefits of cannabis as it possesses pain-relieving properties whereas THC is the psychoactive compound that determines the level of intoxication in a person after smoking raw cannabis.
Cannabis may also be present in food as additives, oils, or in the form of softgel capsules. CBD is generally used for medical purposes due to its non-psychotic effects and low toxicity levels, whereas, THC is used for reducing the side effects of pain in AIDS and cancer treatment. Many countries are legalizing cannabis use due to its medical properties.
Highlights of TOC :
Chapter 2: Study Assumptions
Chapter 3: Scope of the Study
Chapter 4: Europe Cannabis Market Economic Impact
Chapter 5 : Analysis Methodology
Chapter 6: Research Phases
Chapter 7: Competition by Manufacturers
Chapter 8: Current Market Scenario
Chapter 9: Value Chain/Supply Chain Analysis
Chapter 10: Government Regulations and Initiatives
Chapter 11: Production, Revenue (Value) by Region
Chapter 12: Supply (Production), Consumption, Export, Import by Regions
Chapter 13 : Market Drivers
Chapter 14 : Market Restraints/Challenges
Chapter 15: Market Opportunities
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