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Cannabis Market in US 2023-2027

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    Report

  • 120 Pages
  • June 2023
  • Region: United States
  • TechNavio
  • ID: 5850045
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The cannabis market in US is forecasted to grow by USD 46,904.91 mn during 2022-2027, accelerating at a CAGR of 24.03% during the forecast period. The report on the cannabis market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing millennial population in key cannabis markets, increasing number of medical cannabis dispensaries, and health benefits of medical cannabis.

The cannabis market in US is segmented as below:

By Type

  • CBD
  • THC
  • Balanced THC and CBD

By Product

  • Medical
  • Recreational
This study identifies the increase in funding for research and production of medical marijuana as one of the prime reasons driving the cannabis market in US growth during the next few years. Also, use of advanced techniques in cannabis cultivation and launch of medical cannabis education programs will lead to sizable demand in the market.

The report on the cannabis market in US covers the following areas:

  • Cannabis market sizing in US
  • Cannabis market forecast in US
  • Cannabis market industry analysis in US
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cannabis market in US vendors that include Aurora Cannabis Inc., Canopy Growth Corp., Charlottes Web Holdings Inc., Columbia Care Inc., Cresco Labs LLC, Cronos Group Inc., Curaleaf Holdings Inc., Folium Biosciences, Green Roads Inc., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Pure Spectrum CBD, Sundial Growers Inc., Terrascend Canada, Tilray Brands Inc., Trulieve Cannabis Corp., Unrivaled Brands Inc., and Verano Holdings LLC. Also, the cannabis market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Derivative Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Cannabis market in US 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on cannabis market in US 2017 - 2021 ($ million)
4.2 Derivative Type Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Derivative Type Segment 2017 - 2021 ($ million)
4.3 Product Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Product Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Derivative Type
6.1 Market segments
Exhibit 25: Chart on Derivative Type - Market share 2022-2027 (%)
Exhibit 26: Data Table on Derivative Type - Market share 2022-2027 (%)
6.2 Comparison by Derivative Type
Exhibit 27: Chart on Comparison by Derivative Type
Exhibit 28: Data Table on Comparison by Derivative Type
6.3 CBD - Market size and forecast 2022-2027
Exhibit 29: Chart on CBD - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on CBD - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on CBD - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on CBD - Year-over-year growth 2022-2027 (%)
6.4 THC - Market size and forecast 2022-2027
Exhibit 33: Chart on THC - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on THC - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on THC - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on THC - Year-over-year growth 2022-2027 (%)
6.5 Balanced THC and CBD - Market size and forecast 2022-2027
Exhibit 37: Chart on Balanced THC and CBD - Market size and forecast 2022-2027 ($ million)
Exhibit 38: Data Table on Balanced THC and CBD - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Chart on Balanced THC and CBD - Year-over-year growth 2022-2027 (%)
Exhibit 40: Data Table on Balanced THC and CBD - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Derivative Type
Exhibit 41: Market opportunity by Derivative Type ($ million)
Exhibit 42: Data Table on Market opportunity by Derivative Type ($ million)
7 Market Segmentation by Product
7.1 Market segments
Exhibit 43: Chart on Product - Market share 2022-2027 (%)
Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 45: Chart on Comparison by Product
Exhibit 46: Data Table on Comparison by Product
7.3 Medical - Market size and forecast 2022-2027
Exhibit 47: Chart on Medical - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Medical - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Medical - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Medical - Year-over-year growth 2022-2027 (%)
7.4 Recreational - Market size and forecast 2022-2027
Exhibit 51: Chart on Recreational - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Recreational - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Recreational - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Recreational - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Product
Exhibit 55: Market opportunity by Product ($ million)
Exhibit 56: Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 58: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 60: Overview on factors of disruption
10.4 Industry risks
Exhibit 61: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 62: Vendors covered
11.2 Market positioning of vendors
Exhibit 63: Matrix on vendor position and classification
11.3 Canopy Growth Corp.
Exhibit 64: Canopy Growth Corp. - Overview
Exhibit 65: Canopy Growth Corp. - Business segments
Exhibit 66: Canopy Growth Corp. - Key news
Exhibit 67: Canopy Growth Corp. - Key offerings
Exhibit 68: Canopy Growth Corp. - Segment focus
11.4 Charlottes Web Holdings Inc.
Exhibit 69: Charlottes Web Holdings Inc. - Overview
Exhibit 70: Charlottes Web Holdings Inc. - Product/Service
Exhibit 71: Charlottes Web Holdings Inc. - Key news
Exhibit 72: Charlottes Web Holdings Inc. - Key offerings
11.5 Columbia Care Inc.
Exhibit 73: Columbia Care Inc. - Overview
Exhibit 74: Columbia Care Inc. - Product/Service
Exhibit 75: Columbia Care Inc. - Key offerings
11.6 Cresco Labs LLC
Exhibit 76: Cresco Labs LLC - Overview
Exhibit 77: Cresco Labs LLC - Product/Service
Exhibit 78: Cresco Labs LLC - Key offerings
11.7 Cronos Group Inc.
Exhibit 79: Cronos Group Inc. - Overview
Exhibit 80: Cronos Group Inc. - Business segments
Exhibit 81: Cronos Group Inc. - Key news
Exhibit 82: Cronos Group Inc. - Key offerings
Exhibit 83: Cronos Group Inc. - Segment focus
11.8 Curaleaf Holdings Inc.
Exhibit 84: Curaleaf Holdings Inc. - Overview
Exhibit 85: Curaleaf Holdings Inc. - Product/Service
Exhibit 86: Curaleaf Holdings Inc. - Key offerings
11.9 Folium Biosciences
Exhibit 87: Folium Biosciences - Overview
Exhibit 88: Folium Biosciences - Product/Service
Exhibit 89: Folium Biosciences - Key offerings
11.10 Green Roads Inc.
Exhibit 90: Green Roads Inc. - Overview
Exhibit 91: Green Roads Inc. - Product/Service
Exhibit 92: Green Roads Inc. - Key offerings
11.11 Lexaria Bioscience Corp.
Exhibit 93: Lexaria Bioscience Corp. - Overview
Exhibit 94: Lexaria Bioscience Corp. - Business segments
Exhibit 95: Lexaria Bioscience Corp. - Key offerings
Exhibit 96: Lexaria Bioscience Corp. - Segment focus
11.12 Medical Marijuana Inc.
Exhibit 97: Medical Marijuana Inc. - Overview
Exhibit 98: Medical Marijuana Inc. - Product/Service
Exhibit 99: Medical Marijuana Inc. - Key offerings
11.13 MM Enterprises USA LLC
Exhibit 100: MM Enterprises USA LLC - Overview
Exhibit 101: MM Enterprises USA LLC - Product/Service
Exhibit 102: MM Enterprises USA LLC - Key offerings
11.14 Tilray Brands Inc.
Exhibit 103: Tilray Brands Inc. - Overview
Exhibit 104: Tilray Brands Inc. - Business segments
Exhibit 105: Tilray Brands Inc. - Key offerings
Exhibit 106: Tilray Brands Inc. - Segment focus
11.15 Trulieve Cannabis Corp.
Exhibit 107: Trulieve Cannabis Corp. - Overview
Exhibit 108: Trulieve Cannabis Corp. - Product/Service
Exhibit 109: Trulieve Cannabis Corp. - Key offerings
11.16 Unrivaled Brands Inc.
Exhibit 110: Unrivaled Brands Inc. - Overview
Exhibit 111: Unrivaled Brands Inc. - Business segments
Exhibit 112: Unrivaled Brands Inc. - Key offerings
Exhibit 113: Unrivaled Brands Inc. - Segment focus
11.17 Verano Holdings LLC
Exhibit 114: Verano Holdings LLC - Overview
Exhibit 115: Verano Holdings LLC - Business segments
Exhibit 116: Verano Holdings LLC - Key offerings
Exhibit 117: Verano Holdings LLC - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 118: Inclusions checklist
Exhibit 119: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 120: Currency conversion rates for US$
12.4 Research methodology
Exhibit 121: Research methodology
Exhibit 122: Validation techniques employed for market sizing
Exhibit 123: Information sources
12.5 List of abbreviations
Exhibit 124: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Derivative Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibits 12: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibits 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on US: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on cannabis market in US 2017 - 2021 ($ million)
Exhibits 16: Historic Market Size - Derivative Type Segment 2017 - 2021 ($ million)
Exhibits 17: Historic Market Size - Product Segment 2017 - 2021 ($ million)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on Derivative Type - Market share 2022-2027 (%)
Exhibits 26: Data Table on Derivative Type - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by Derivative Type
Exhibits 28: Data Table on Comparison by Derivative Type
Exhibits 29: Chart on CBD - Market size and forecast 2022-2027 ($ million)
Exhibits 30: Data Table on CBD - Market size and forecast 2022-2027 ($ million)
Exhibits 31: Chart on CBD - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on CBD - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on THC - Market size and forecast 2022-2027 ($ million)
Exhibits 34: Data Table on THC - Market size and forecast 2022-2027 ($ million)
Exhibits 35: Chart on THC - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on THC - Year-over-year growth 2022-2027 (%)
Exhibits 37: Chart on Balanced THC and CBD - Market size and forecast 2022-2027 ($ million)
Exhibits 38: Data Table on Balanced THC and CBD - Market size and forecast 2022-2027 ($ million)
Exhibits 39: Chart on Balanced THC and CBD - Year-over-year growth 2022-2027 (%)
Exhibits 40: Data Table on Balanced THC and CBD - Year-over-year growth 2022-2027 (%)
Exhibits 41: Market opportunity by Derivative Type ($ million)
Exhibits 42: Data Table on Market opportunity by Derivative Type ($ million)
Exhibits 43: Chart on Product - Market share 2022-2027 (%)
Exhibits 44: Data Table on Product - Market share 2022-2027 (%)
Exhibits 45: Chart on Comparison by Product
Exhibits 46: Data Table on Comparison by Product
Exhibits 47: Chart on Medical - Market size and forecast 2022-2027 ($ million)
Exhibits 48: Data Table on Medical - Market size and forecast 2022-2027 ($ million)
Exhibits 49: Chart on Medical - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Medical - Year-over-year growth 2022-2027 (%)
Exhibits 51: Chart on Recreational - Market size and forecast 2022-2027 ($ million)
Exhibits 52: Data Table on Recreational - Market size and forecast 2022-2027 ($ million)
Exhibits 53: Chart on Recreational - Year-over-year growth 2022-2027 (%)
Exhibits 54: Data Table on Recreational - Year-over-year growth 2022-2027 (%)
Exhibits 55: Market opportunity by Product ($ million)
Exhibits 56: Data Table on Market opportunity by Product ($ million)
Exhibits 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 58: Impact of drivers and challenges in 2022 and 2027
Exhibits 59: Overview on Criticality of inputs and Factors of differentiation
Exhibits 60: Overview on factors of disruption
Exhibits 61: Impact of key risks on business
Exhibits 62: Vendors covered
Exhibits 63: Matrix on vendor position and classification
Exhibits 64: Canopy Growth Corp. - Overview
Exhibits 65: Canopy Growth Corp. - Business segments
Exhibits 66: Canopy Growth Corp. - Key news
Exhibits 67: Canopy Growth Corp. - Key offerings
Exhibits 68: Canopy Growth Corp. - Segment focus
Exhibits 69: Charlottes Web Holdings Inc. - Overview
Exhibits 70: Charlottes Web Holdings Inc. - Product/Service
Exhibits 71: Charlottes Web Holdings Inc. - Key news
Exhibits 72: Charlottes Web Holdings Inc. - Key offerings
Exhibits 73: Columbia Care Inc. - Overview
Exhibits 74: Columbia Care Inc. - Product/Service
Exhibits 75: Columbia Care Inc. - Key offerings
Exhibits 76: Cresco Labs LLC - Overview
Exhibits 77: Cresco Labs LLC - Product/Service
Exhibits 78: Cresco Labs LLC - Key offerings
Exhibits 79: Cronos Group Inc. - Overview
Exhibits 80: Cronos Group Inc. - Business segments
Exhibits 81: Cronos Group Inc. - Key news
Exhibits 82: Cronos Group Inc. - Key offerings
Exhibits 83: Cronos Group Inc. - Segment focus
Exhibits 84: Curaleaf Holdings Inc. - Overview
Exhibits 85: Curaleaf Holdings Inc. - Product/Service
Exhibits 86: Curaleaf Holdings Inc. - Key offerings
Exhibits 87: Folium Biosciences - Overview
Exhibits 88: Folium Biosciences - Product/Service
Exhibits 89: Folium Biosciences - Key offerings
Exhibits 90: Green Roads Inc. - Overview
Exhibits 91: Green Roads Inc. - Product/Service
Exhibits 92: Green Roads Inc. - Key offerings
Exhibits 93: Lexaria Bioscience Corp. - Overview
Exhibits 94: Lexaria Bioscience Corp. - Business segments
Exhibits 95: Lexaria Bioscience Corp. - Key offerings
Exhibits 96: Lexaria Bioscience Corp. - Segment focus
Exhibits 97: Medical Marijuana Inc. - Overview
Exhibits 98: Medical Marijuana Inc. - Product/Service
Exhibits 99: Medical Marijuana Inc. - Key offerings
Exhibits 100: MM Enterprises USA LLC - Overview
Exhibits 101: MM Enterprises USA LLC - Product/Service
Exhibits 102: MM Enterprises USA LLC - Key offerings
Exhibits 103: Tilray Brands Inc. - Overview
Exhibits 104: Tilray Brands Inc. - Business segments
Exhibits 105: Tilray Brands Inc. - Key offerings
Exhibits 106: Tilray Brands Inc. - Segment focus
Exhibits 107: Trulieve Cannabis Corp. - Overview
Exhibits 108: Trulieve Cannabis Corp. - Product/Service
Exhibits 109: Trulieve Cannabis Corp. - Key offerings
Exhibits 110: Unrivaled Brands Inc. - Overview
Exhibits 111: Unrivaled Brands Inc. - Business segments
Exhibits 112: Unrivaled Brands Inc. - Key offerings
Exhibits 113: Unrivaled Brands Inc. - Segment focus
Exhibits 114: Verano Holdings LLC - Overview
Exhibits 115: Verano Holdings LLC - Business segments
Exhibits 116: Verano Holdings LLC - Key offerings
Exhibits 117: Verano Holdings LLC - Segment focus
Exhibits 118: Inclusions checklist
Exhibits 119: Exclusions checklist
Exhibits 120: Currency conversion rates for US$
Exhibits 121: Research methodology
Exhibits 122: Validation techniques employed for market sizing
Exhibits 123: Information sources
Exhibits 124: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global cannabis market in us: Aurora Cannabis Inc., Canopy Growth Corp., Charlottes Web Holdings Inc., Columbia Care Inc., Cresco Labs LLC, Cronos Group Inc., Curaleaf Holdings Inc., Folium Biosciences, Green Roads Inc., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Pure Spectrum CBD, Sundial Growers Inc., Terrascend Canada, Tilray Brands Inc., Trulieve Cannabis Corp., Unrivaled Brands Inc., and Verano Holdings LLC.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increase in funding for research and production of medical marijuana.'

According to the report, one of the major drivers for this market is the growing millennial population in key cannabis markets.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aurora Cannabis Inc.
  • Canopy Growth Corp.
  • Charlottes Web Holdings Inc.
  • Columbia Care Inc.
  • Cresco Labs LLC
  • Cronos Group Inc.
  • Curaleaf Holdings Inc.
  • Folium Biosciences
  • Green Roads Inc.
  • Jazz Pharmaceuticals Plc
  • Lexaria Bioscience Corp.
  • Medical Marijuana Inc.
  • MM Enterprises USA LLC
  • Pure Spectrum CBD
  • Sundial Growers Inc.
  • Terrascend Canada
  • Tilray Brands Inc.
  • Trulieve Cannabis Corp.
  • Unrivaled Brands Inc.
  • Verano Holdings LLC