The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Medical Cannabis Gains Momentum In Treating Chronic Diseases, Fueling Cannabis Cultivation Market Growth

• Chronic Disease Treatment: Adoption of cannabis for chronic disease treatment propels market growth.
• Medical Acceptance: Cannabis demonstrates efficacy in treating spasticity in diseases like multiple sclerosis.
• Market Impact: Companies like Jazz Pharmaceuticals witness significant sales growth for cannabis-based medications.

Innovative Product Developments Transform The Cannabis Cultivation Market

• Product Innovation: Companies focus on developing innovative products to enhance market position.
• Prospiant’s Delta Ethanol Extraction CUP-5: Specifically designed for small-scale cannabis processing facilities.
• Market Expansion: Innovative features include high-purity extraction and operation without hazardous location requirements.

View More On The Cannabis Cultivation Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/cannabis-cultivation-global-market-report

Canopy Growth Acquired Supreme Cannabis Company Inc.

• Acquisition Highlights: Canopy Growth strengthens its position in the Canadian market through the acquisition of Supreme Cannabis Company Inc.
• Strategic Move: Aim to provide premium differentiated products to consumers in the Canadian cannabis market.

Understanding Market Segmentation

1. By Type:
   • Cannabis Indica
   • Cannabis Sativa
2. By Source:
   • Flower or Buds
   • Leaves
   • Other Sources
3. By Application Outlook:
   • Medical Consumption
   • Recreational Consumption
   • Industrial Consumption

Asia-Pacific Leads the Way

• Regional Dominance: Asia-Pacific emerges as the largest region in the cannabis cultivation market in 2023.
• Future Prospects: Asia-Pacific poised for continued growth in the forecast period.
• Market Dynamics: Increasing acceptance and research drive market expansion in the region.

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The Cannabis Cultivation Global Market Report 2024  provides comprehensive insights on the cannabis cultivation market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the cannabis cultivation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
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