The Cannabis is originated from Cannabis Sativa, Cannabis ruderalis, and Cannabis Indica. THC (delta-9tetrahydrocannabidiol) is the main active ingredient of cannabis which has psychoactive properties. Extracts separated from cannabis is called as cannabis extract. Cannabis extract is available in the various forms such as phoenix tears, shatter, wax, oils, and in vaporizers. Cannabis extract are widely used in healthcare and pharmaceutical sector.
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Top Key Players/Manufacturers of Global Cannabis Extract Market:
- Aphria Inc
- Maricann Inc
- Organigram Holdings Inc
- The Cronos Group
- TilrayTikun Olam,Ltd
- Aurora Cannabis
- Canopy Growth Corporation
Global Cannabis Extract Market Production Breakdown Data by Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers, Global Cannabis Extract Market is Primarily split into:
- Increase in, usage of cannabis extract for treatment of chronic diseases like arthritis, Alzheimer, and caner is expected to fuel the growth of global cannabis extract market. For instance, in 2018, according to WHO (World Health Organization) around 9.6 million people are dead due to cancer, worldwide. Furthermore, legalization of cannabis is the major driving factor which is expected to boost the global cannabis extract market growth. Moreover, rise in awareness about medical benefits of cannabis extract is expected to drive the global cannabis extract market growth.
Market Segmentation
By Types:
- Oils
- Tinctures
By Extract Types:
- Spectrum
· Isolates
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