Category: Medical Products

Cannabis is a drug derived from the cannabis sativa, cannabis indica, and hybrid strains. Although cannabis is composed of different cannabinoids, the two main cannabinoids considered to be the most active compounds are tetrahydrocannabinol (THC), the psychoactive compound, and cannabidiol (CBD), the non-psychoactive compound. The growth of this market is attributed to the growing number of medicinal applications of cannabis and increasing legalization of cannabis. However, the complex regulatory structure for the use of cannabis is restraining the market growth. MarketsandMarkets expects the globalcannabis marketto grow from USD 10.3 billion in 2018 to USD 39.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period. Download PDF Brochure: The concentrates segment, by product type, is projected to grow at the highest CAGR during the forecast period. This is majorly due to the varied number of forms in which concentrates are made available for consumption. Some of these forms are shatter, rosin, wax, crumble, oil, dabs, and tinctures. Additionally, concentrates are more potent in nature in comparison with flowers. While buds have a potency range of about 10% to 25%, concentrates have a potency rate of about 50% to 80%, with a few extracts also boasting of a potency rate of about 90%. Concentrates also enjoy a wide variety of delivery methods such as smoking, vaping, dabbing, ingestion, and tinctures. These delivery methods further aid the market growth of concentrates. Report Objectives: • Determining and projecting the size of the market with respect to product type, application, compound, and region, over a five-year period ranging from 2018 to 2023 • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) • Analyzing the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market • Identifying and profiling key market players in the cannabis market • Providing a comparative analysis of the market leaders on the basis of the following: o Product offerings o Business strategies o Strengths and weaknesses o Key financials • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions • Analyzing the supply chain, products, and regulatory frameworks across regions and their impact on the prominent market players • Providing insights on key innovations and investments in the market The recreational segment, by application, is projected to grow at a higher CAGR during the forecast period. Uruguay is the only country in South America to have legalized the use of recreational cannabis. The cannabis market is projected to remain concentrated in the US and Canada. Despite its low availability in various countries, the consumption and demand levels remain equivalent to that of medicinal cannabis. As a result, the demand for recreational cannabis is projected to surpass the demand for medical cannabis. For instance, medical cannabis is legalized mainly in 33 states of the US. However, only 10 states in the country have legalized recreational cannabis, and its consumption level is almost equivalent to the consumption level of medical cannabis across the 33 states. Therefore, the legalization of recreational cannabis across other regions could translate into a larger market share for this segment. Speak to Analyst: In terms of geographical coverage, the cannabis market has been segmented into 4 regions, namely, North America, South America, Europe, RoW (Rest of the World). Europe is projected to record the highest growth rate during the forecast period. The market in Europe is still in its introductory stage and has significant potential due to its population, which is even higher than the US and Canada combined. However, most market players such as Aphria, Inc. (Canada) and Terra Tech Corp. (US) have an established and well-networked market for cannabis in the Americas, with the majority of their revenues being generated from the US and Canada, making the North American market the most dominant one. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Did you know that weed gummies are the most popular weed-infused edibles in Canada? A study in 2019 found that 48% of likely edible consumers would choose gummies. It’s not hard to see their appeal. The brightly coloured treats appeal to adults just like regular candy does to kids.

Most Canadians who use edibles choose them because they feel they are safer and easier to use than other ways of consuming cannabis. They’re also growing in popularity with medical users, who find them a safe and dependable way to get relief.

That’s especially true now thatweed gummiesare available to buy online. Rather than trying to make DIY edibles at home, you can now rely on the experts to craft good-quality gummies that offer incredible highs. But how do you choose between the countless gummies on the market?

Read on to find out:

What to look for in a great edibleWhy so many Canadians are choosing ediblesHow to get the best out of your gummies

But first, you need to understand how weed-infused edibles affect you.

How Do Weed-Infused Edibles Work?

Weed gummies affect your body differently from smoking or vaping. When you smoke or vape, cannabinoids can pass straight from your lungs to your bloodstream. You’ll feel the effects almost immediately.

When you eat weed-infused edibles, the cannabis passes into your digestive system. From there, it’s metabolized by your liver before it eventually reaches your bloodstream. That means it takes a lot longer for the active cannabinoids—THC and CBD—to affect you.

Because it takes much longer for weed-infused edibles to affect you, it’s important not to go too hard too fast! Wait at least 90 minutes after taking your first dose to see if you feel any effects. It’s easy to overdo it on gummies, especially if you’re expecting an immediate high. Instead, wait it out and you’ll be rewarded.

People metabolizecannabis ediblesin very different ways. For some, a minimal dose (1-2mg) will leave them feeling pretty high. Others will need more than 20mg to feel any effect. Typically, 2.5–10mg is a suitable dose for most people.

Why People Love Weed Gummies ?

Gummies are one of the most popular ways to consume cannabis in Canada. Medical and recreational users are drawn to them for lots of reasons, including:

1.They’re DiscreetWeed gummies are one of the easiest and most discreet ways to get high. Unlike smoking, you don’t need to learn how to roll the perfect joint. And you don’t need to fork out for any accessories like vape pens, grinders, or bongs.

Instead, you can simply pop some gummies in your pocket and enjoy whenever the mood takes you. For medical users, gummies are easy to have on hand when you need relief from pain oranxietywhile on the go.

2.They’re Easy to DoseAll weed-infused edibles in Canada must come clearly labeled with their THC content. The THC content is written on the packet in milligrams (mg). The maximum serving size is 10mg, but that’s not necessarily the recommended serving for everyone.

If you’re new to weed gummies, try a 2.5mg or 5mg dose to start with. You can do this easily by splitting a gummy in half or quarters. Unlike smoking or vaping, you’ll know exactly how much you’ve taken. Getting the right dose of edibles is important, so pay attention.

3.They’re PredictableAnother benefit of weed gummies is that they’re very predictable. Of course, every brand will vary, so pay attention to the THC and CBD content of the gummies you’re buying. But if you find a brand you like, you can be reasonably sure you’ll have the same experience every time.

4.They Have Fewer RisksLots of people choose weed gummies because they don’t like the idea of smoking or vaping. That’s an understandable concern, and for those people, weed gummies can be a great choice.

Because edibles are ingested rather than inhaled, you avoid some of the unwanted chemicals that you inhale when smoking. This could be especially relevant for medical users, who may not want to smoke for various medical reasons.