Cannabis concentrate is a semi-golden liquid extracted from the marijuana plant. The concentrate has high levels of tetrahydrocannabinol or THC. Butane or ethanol are used as solvents for extracting cannabis concentrate. The concentrate is available in many forms, such as butter, oil, hashish, etc. There are various ways for consuming the cannabis concentrates, including ingestion, inhalation, and smoking. Of late, the concentrate has found a significant market in the pharmaceutical industry, with many doctors recommending it for treating diseases such as cancer, Alzheimer’s, arthritis, etc.
Apart from the chronic conditions, cannabis concentrate is also prescribed for depression, anxiety, and epilepsy. Cannabis consumption was illegal in many countries until recently. The ban led to the growth of the black market for the substance. However, more and more countries are realizing the benefits of legalising marijuana. The countries benefit in the form of increased revenue by taxing the sale of cannabis concentrate. It also helps curb the black market sales of the concentrate.
The number of patients with chronic pain has increased significantly over the last decade. Additionally, research supporting the use of cannabis concentrate as a treatment for more and more conditions has led to an increase in its prescription. A survey was conducted to understand how changing laws and other factors impact the sale of cannabis concentrate. The findings of the survey are presented in this report. The report collates historical data and uses it to predict the future of cannabis concentrate.
Key Players
Tilray
VIVO Cannabis
Cannabis Science
Aurora Cannabis
Canopy Growth Corporation
Tikun Olam
STENOCARE
Maricann Group
Aphria
Medical Marijuana
Cronos Group
Terra Tech
MedMen
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Segmentation
The report segments the market as per the manufacturers, types, and applications of cannabis concentrate
Hashish, cannabis budder, and cannabis oil are the types of cannabis concentrate that are covered by the second segmentation. The pharmaceuticals, food industry, and recreational applications are analysed, and the market share of each application is presented in the report.
Regional Overview
Owing to the huge disparities in the legalisation and production of cannabis concentrates, there are wide regional variations in the revenue and sales for different regions. The regions considered for the survey are North America, Europe, Asia Pacific, South America, and the Middle-East and Africa.
North America major producer as well as consumer of cannabis concentrate. Around 30 states in the US have legalised marijuana for medical uses. The legalisation is the cause of the high revenue from cannabis in North America. The second-largest consumer of cannabis concentrate is Europe. This is again due to the fact the many European countries have legalised its consumption for medicinal purposes.
Industry News
The industry is trying to ensure that the concentrate is legalised in more countries, at least for pharmaceutical purposes. There is also ongoing research on better extraction techniques and innovative methods for consuming cannabis concentrate.
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Table Of Content:
1 Market Overview
2 Manufacturers Profiles
3 Global Market Competition, by Players
4 Global Market Size by Regions
5 North America Revenue by Countries
6 Europe Revenue by Countries
7 Asia-Pacific Revenue by Countries
8 South America Revenue by Countries
9 Middle East and Africa Revenue by Countries
10 Global Market Segment by Type
11 Global Market Segment by Application
12 Global Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
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