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Cannabis Market in the US to Grow at a CAGR of 41.8% During 2014 - 2019; Finds New Report

Market Research Reports, Inc. has announced the addition of “Cannabis Market in the US 2015-2019” research report to their website www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 11/18/2015 -- Report forecast the cannabis market in the US to grow at a CAGR of 41.8% over the period 2014-2019.

Cannabis is popularly known as marijuana. It is prepared from cannabis plant for medical purpose. THC (tetrahydrocannabinol) is the major psychoactive part in cannabis. Its consumption is generally through chewing or smoking, and it contain at least 85 cannabinoids.

This report covers the present scenario and the growth prospects of the cannabis market in the US for the period 2015-2019. This report provides data on the market based on the following: distribution channel, geography, and application.

Cannabis Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the cannabis market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors in this market.

According to the report, one of the major drivers is the increasing demand for cannabis for recreational purposes. With legalization, many vendors are investing heavily in the market to meet growing consumer demand. This has not only increased market opportunities for vendors, but it has also increased the tax revenue for the state government.

Key states
- Arizona
- California
- Colorado
- Washington

Key players in the Cannabis Market in the US: American Cannabis, Greengro, mCig, Medical Marijuana, Mentor Capital, Terra Tech and United Cannabis

Other Prominent Vendors in the market are: Cannabis Sativa, Cannabis Science, Cannabrandm Chuma Holdings, Dixie Elixirs & Edibles, Eaze, General Cannabis, MedMen, MJIC, Monarch America, Natural Cannabis, Novus Acquisition & Development, Oregon Green Seed, Origin Cannabis, Potbotics, and Privateer Holdings.

Key market driver
- Demand for recreational purpose
- For a full, detailed list, view our report

Key market challenge
- Public consequences of legalizing cannabis/marijuana
- For a full, detailed list, view our report

Key market trend
- New and advanced cultivation process
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 77 pages "Cannabis Market in the US 2015-2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Market segmentation by geography, Market segmentation by distribution channel, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

Find more information Visit at: http://www.marketresearchreports.com/technavio/cannabis-market-us-2015-2019

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