North American Cannabis Market – Analysis and Forecast Through 2015–2020

BLOOMINGTON, Minn. - Sept. 1, 2015 - PRLog -- Multi-faced applications of Cannabis have gained attention of many pharmaceutical and research companies in the regions of North America. This has contributed to the increasing applications of cannabis, be it recreational, medicinal or commercial. Owing to the changing dynamics in the regulatory framework for the Cannabis Industry in North America, BIS Research has published the “North American Cannabis Market – Analysis and Forecast Through 2015–2020” estimating the cannabis derivative market value to grow over $20.7 billion by 2020 at an estimated CAGR of 29.80% from 2015 to 2020.

The 249 page report with over 65 market figures and 30 data tables is a compilation of different peripherals of North American Cannabis Market including market divisions by product derivatives-marijuana, hemp and others, its applications- medicinal, recreational, and commercial and  by regions- the U.S. and Canada.Herein the revenue generated from each segment, application and region of North America is tracked to compute the market size.

The report also includes porter’s five forces analysis, value chain analysis, market dynamics, key consortium, compliance and regulatory bodies surrounding the North American cannabis market. Due to the diverse ecosystem of this market, a separate section has been incorporated in the report for the key strategies and development activities undertaken by the key market players including producers, pharmaceutical companies, dispensaries, and technology providers among others. The key players are also profiled in detail.

The analyst at BIS Research believes that California and Colorado is dominating the North American Cannabis Market capturing market of $1.2 billion and $0.6 billion respectively due to increasing medicinal applications and this particular application of cannabis is expected to grow over $11.6 billion by 2020 at a CAGR of 24.10% through 2015 to 2020.

The competitive landscape of the North American Cannabis Market has been analyzed by segmenting the market players into growers, end-product producers, pharmaceutical companies, hardware and IT providers, and others. The key companies profiled in the report are Plandai Tehnology, Cannabics Pharmaceuticals Inc., GW Pharmaceuticals, Cannabis Sativa Inc., Surna Inc., Privateer Holdings, and Arena Pharmaceuticals, Inc. among others.

About BIS Research(http://bisresearch.com):

BIS Research publishes in-depth market intelligence reports focusing on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the decision making for senior management. It provides multi-client reports, company profiles, databases and custom research services.

BIS Research provides valuable market intelligence to an exclusive group of customers in response to orders. Market reports are based on expectations, calculations and projections as of the date such information is available. The market conclusions drawn are significantly based upon a number of estimates and assumptions that, while considered reasonable by BIS Research as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties and contingencies.