CANNABIS CULTIVATION MARKET ANALYSIS

Cannabis Cultivation Market, By Product Type (Marijuana, Hemp, CBD Oil and Others (Gummies, Beverages, Topicals)), By Method of Cultivation (Indoor, Greenhouse and Outdoor (Canopy Growth,OrganiGram)), By Medical Application (Pain Management, Mental Disorders, Neurological Disorders and Others (Epilepsy, Cancer, Alzheimer\'s disease)), By End Use (Medical, Recreational and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

On July 23, 2023, Union Minister of State (Independent Office) for Science and Technology; MoS PMO, Human Resources, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said Jammu will drive India's first cannabis medicine project. CSIR-IIIM Jammu's 'Cannabis Research Project' is the first of its kind in India, launched under the leadership of Prime Minister Narendra Modi in a private public partnership with a Canadian company that has great potential to transform substance abuse for good to benefit humanity, especially for patients suffering from neuropathies, cancer and epilepsy.
In October 2022, Canopy Growth Corporation, a world-leading cannabis company, announced a strategy to accelerate its entry into the U.S. cannabis industry and leverage the value of its entire U.S. cannabis ecosystem: the creation of a new US-based holding company, Canopy USA, LLC, and the implementation of a deliberate and highly structured process.
In April 2022, New York City Mayor Eric Adams announced major new steps to welcome the cannabis industry to New York City, with an emphasis on promoting equity. Mayor Adams is proposing a US$4.8 million investment in the Fiscal Year 2023 (FY23) executive budget to promote the growth of the industry, which will fund a multiagency community outreach effort as well as technical assistance for businesses navigating the licensing process.