IRELAND: Analysts forecast the Global Cannabis-Infused Edible Products Market to grow at a CAGR of 25.01% during the period 2018-2022, according to the recently published “Global Cannabis-infused Edible Products Market 2018-2022” report.
The report covers the present scenario and the growth prospects of the cannabis-infused edible products market. To calculate the market size, the report considers the revenue generated from the sales of cannabis-infused edible products.
The increasing number of countries decriminalizing cannabis will be a key trend driving the market growth. Several nations have decriminalized the use of marijuana both for recreational and medical purposes. In 2016, Canada legalized the use of marijuana for both recreational and medical purposes..
The growing social acceptance of cannabis will drive the market growth. The growing demand and growth of the cannabis market influences the sales and revenues of major corporations. Also, the increasing social acceptance of recreational marijuana and cannabis-infused edible products globally offers high growth opportunities to the vendors.
The report states that the lack of funds and investments in cannabis sector will impact the market growth. Numerous investment organizations decline to provide investment and loans to vendors in the legal cannabis industry. Vendors struggle to increase their profit margins due to lack of support from government organizations and high-interest rates of the private sector.
- Bhang Corporation
- Cannabis Energy Drink
- KIVA CONFECTIONS
- Mentor Capital
- VCC BRANDS