North America Cannabis Market Value Over USD 3.5 Billion and anticipated to grow at CAGR 33% During Forecast Period 2015 to 2021

May 8, 2019

North America Cannabis market Information Legal Growth Rate, Industry Size Analysis by Demand, Value Share by Derivatives (Marijuana/Flowers, Industrial Hemp, Other Concentrates/Products), by application type (Applications of Marijuana, Applications of Hemp) Forecast from 2016 to 2021

May 8, 2019 /MarketersMedia/ —

Market Overview:

Cannabis Market of North America not only is the market projected to grow by leaps and bounds, but it has already been targeted by industry insiders. The market size of cannabis stood over USD 3.5 billion in 2015 which is expected to expand at a CAGR over 33% over the period of 2016 to 2021, the MRFR Scholar assures us while commenting on this remarkable study report - “North America Cannabis Market” published by Market Research Future.

Cannabis also popularly referred as Marijuana which is a derivative of the Cannabis plant intended to use as a psychoactive drug or medicine. The main psychoactive part of cannabis is tetrahydrocannabinol (THC). There is also a physio active part of Cannabis; known as Cannabidiol (CBD). Unlike THC, the CBD part doesn’t get you high and have medicinal effects. It is typically used for health reasons instead of for recreational purposes.  

Get a Free Sample Copy Now @ https://www.marketresearchfuture.com/sample_request/950

Top Key Players:

Canadian Cannabis Corporation,
Plandai Biotechnology.,
Tweed Marijuana Inc,
Affinor Growers.,
Cannabis Sativa Inc,
Cannavest,
Canna Brands Inc, 
Omnicanna Health Solutions., 
Privateer Holdings, Inc,
Arena Pharmaceuticals, Inc.

Market Key Trends:

A trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types. The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The industry players in the segment are efficiently utilizing their primary resources to initiate long lasting growth changes. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.

Regional Update:

Cannabis market in North America was over USD 3.5 billion in 2015. This industry was mainly operating in the black market; however, with developments in the medical applications of the derivatives such as marijuana and hemp this market experienced significant growth over the past few years.  Presently, the cannabis market is not a bare collaboration of the growers or producers of marijuana and hemp; it is rather a conglomerate of science and technology. The U.S. being the largest market in the region was valued over USD 3 billion and is anticipated to grow at a CAGR over 30% between 2016 and 2021.

Access Full Market Report @ https://www.marketresearchfuture.com/reports/cannabis-market-industry-950

North America Cannabis Market Segments:

The North America Cannabis Market is categorized on the following basis:

Based on Derivatives: Industrial Hemp and Marijuana/Flowers, Other Concentrates/Products which include Keif, Hash, Hash Oil Etc.

Based on Applications Type: Based on applications the market is segmented into applications of marijuana into medicinal applications, recreational applications and others and applications of hemp into food and baby care.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Address: Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune - 411028, Maharashtra, India
Phone: +16468459312
Website: https://www.marketresearchfuture.com/reports/cannabis-market-industry-950

Source URL: https://marketersmedia.com/north-america-cannabis-market-value-over-usd-35-billion-and-anticipated-to-grow-at-cagr-33-during-forecast-period-2015-to-2021/510360

Source: MarketersMedia

Release ID: 510360

MORE NEWS
How we use AI to turn one article into audience-specific versions
Sep 18, 2026
How we use AI to turn one article into audience-specific versions

A founder may want the main business argument. A marketing lead may care about campaign angles. A sales lead may look for customer objections. A busy operator may only want the practical steps. The core idea can be the same, but the way it is framed often needs to change. That was the problem we […] The post How we use AI to turn one article into audience-specific versions appeared first on e27.

GSMA says smartphone costs could deepen the coming AI divide
Sep 18, 2026
GSMA says smartphone costs could deepen the coming AI divide

The global rush to build artificial intelligence may be making the basic gateway to the internet more expensive for the people who need it most. That is the uncomfortable warning from the GSMA’s State of Mobile Internet Connectivity Report 2026, released in Hong Kong on September 18. The industry body, which represents mobile operators and […] The post GSMA says smartphone costs could deepen the coming AI divide appeared first on e27.

How to read a VAPT report without panicking
Sep 18, 2026
How to read a VAPT report without panicking

I’ve watched the same movie play out too many times: a management team receives a penetration testing report, sees a wall of findings with scary-sounding names, and immediately assumes their platform is on fire. It’s not on fire. It’s almost never on fire. But the report sure makes it look like it is. And that’s […] The post How to read a VAPT report without panicking appeared first on e27.

The AI economy is quietly exposing what organisations truly value about humans
Sep 18, 2026
The AI economy is quietly exposing what organisations truly value about humans

For most of my career, I believed professional value followed a relatively stable equation. The more capable you became, the more valuable you became. That assumption shaped how many of us approached work, leadership, and identity itself. We invested years building expertise because expertise carried weight. We learned to execute reliably because reliability created trust. […] The post The AI economy is quietly exposing what organisations truly value about humans appeared first on e27.

China to see major shift to Huawei for AI model training in 2027: deputy chair
Sep 18, 2026
China to see major shift to Huawei for AI model training in 2027: deputy chair

Huawei Technologies expects a major domestic shift towards its artificial intelligence computing infrastructure for model training next year, as its Ascend processors gain ground on Nvidia in China despite supply constraints, according to rotating chairman Eric Xu Zhijun. “I believe that starting from next year, a lot of the AI model training will be based on the SuperPoD or SuperCluster based on Ascend 950DT,” Xu told reporters during the Huawei Connect 2026 conference in Shanghai on...

When 43 per cent of the world’s funding goes to two firms, where does that leave SEA?
Sep 18, 2026
When 43 per cent of the world’s funding goes to two firms, where does that leave SEA?

Crunchbase’s numbers for the first half of 2026 are the kind that are supposed to make an entire industry feel good. Global venture funding hit US$510 billion, beating the whole of 2025 in six months and smashing the previous half-year record of US$375 billion set in the second half of 2021. Startup capital, by the […] The post When 43 per cent of the world’s funding goes to two firms, where does that leave SEA? appeared first on e27.

Did the Fed just accidentally kick off the next crypto bull run? Or just a dead cat bounce?
Sep 18, 2026
Did the Fed just accidentally kick off the next crypto bull run? Or just a dead cat bounce?

On September 18, 2026, global markets rose together. Asian stocks and bonds gained as oil extended its decline. European equities climbed. The STOXX 600 rose 0.9 per cent to 642.6 points. Mining and automotive sectors led those gains. The FTSE index gained 1.2 per cent. That marked its best one-day performance in over two months. […] The post Did the Fed just accidentally kick off the next crypto bull run? Or just a dead cat bounce? appeared first on e27.

The iPhone 18 Pro Max leads early Singapore sales as Burgundy dominates
Sep 18, 2026
The iPhone 18 Pro Max leads early Singapore sales as Burgundy dominates

Gain City says the iPhone 18 Pro Max accounted for 78 percent of its iPhone sales since doors opened, with queues forming from 5.30am and Burgundy the colour of choice.

Waymo’s Singapore entry raises the stakes for autonomous mobility in Asia
Sep 18, 2026
Waymo’s Singapore entry raises the stakes for autonomous mobility in Asia

Waymo is preparing to bring its driverless ride-hailing service to Singapore in 2028, marking one of the most closely watched tests yet of whether fully autonomous mobility can work in a dense, highly regulated Southeast Asian city. The Alphabet-owned autonomous vehicle company said it is working with Singapore’s Ministry of Transport and Land Transport Authority […] The post Waymo’s Singapore entry raises the stakes for autonomous mobility in Asia appeared first on e27.

SIMBA puts Huawei Wi-Fi 7 inside its new 10Gbps broadband gateway
Sep 18, 2026
SIMBA puts Huawei Wi-Fi 7 inside its new 10Gbps broadband gateway

SIMBA is making Huawei central to its latest 10Gbps broadband offer, with Wi-Fi 7 built into the ONR (optical network router - which combines the function of a terminal and router) and two OptiXstar mesh nodes extending coverage around the home.

What Maybank’s US$10B bet reveals about market readiness: A view from two emerging ecosystems
Sep 18, 2026
What Maybank’s US$10B bet reveals about market readiness: A view from two emerging ecosystems

Part of my work as an international market expansion specialist, supporting government and companies in the process of promoting and attracting opportunities, is reading a market’s readiness not just through headlines, but through the infrastructure underneath: banking systems, regulatory friction, and the everyday experience of the people actually trying to operate there. That’s what pulled […] The post What Maybank’s US$10B bet reveals about market readiness: A view from two emerging ecosystems appeared first on e27.

Apple iPhone 18 Pro, Pro Max and iPhone Duo: Singapore prices and availability
Sep 18, 2026
Apple iPhone 18 Pro, Pro Max and iPhone Duo: Singapore prices and availability

Apple’s new Pro iPhones arrive in Singapore on 18 September, while the foldable iPhone Duo follows in October with prices starting at S$3,099.

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

About Us

Always dynamic, always updated, The Witness Daily ensures minute-by-minute update to the most pressing issues, curated specifically to cater to critical newsreaders of our time.

Copyright © 2015 - 2026 Redshift Daily. All Rights Reserved.