By 2024, global cannabis oil production will reach 5,8121.8 kg bottles

Author: QYResearch  |   Published Date: 2018-12-06   |   Views: 294

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Cannabis oil is from the marijuana plant (cannabis indicas). The oil is extracted from the leaves of the cannabis plant. It contains high levels of THC. It is used for medicinal purposes and as a recreational drug. Cannabis oil has many potential health and medicinal benefits.

Legality of cannabis oil differs in different regions. Currently, there are mainly eight suppliers, including Select Oil, K.I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, The Lab and Absolute Terps. Select Oil is the market leader.

Global major cannabis oil production regions are USA, Canada and Europe. Canada is the largest production region, which produced 1071.6 kilo bottles in 2017, accounting for 52.66%. USA is the second largest production region, with production of 778.9 kilo bottles in 2017.

During past five years, global total production had increased from 9.5 kilo bottles in 2013 to 2034.8 kilo bottles in 2017, with a CAGR of 282.56%. With more and more regions cannabis oil legalization, global cannabis oil demand will keep increasing both in medical and recreational applications. By 2024, we predict that global production will be 58121.8 kilo bottles.

The Global Cannabis Oil Market Research Report 2018 This report released by QYResearch provides a basic overview of the Cannabis Oil industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Cannabis Oil industry development trends and marketing channels were analyzed.Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Full Report Overview@https://www.qyresearch.com/index/detail/130331/global-cannabis-oil-market

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