Press Release

Global Cannabis Oil Production Is Expected Reach 5,8121.8 Kg Bottles By 2024

Date : Dec 07, 2018

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.

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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 Insights, Forecast 2018 to 2025 This report released by we 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.

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Major Points from Table of Contents:

1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
6 North America
7 Europe
8 Asia Pacific
9 Central & South America
10 Middle East and Africa
11 Company Profiles
12 Market Opportunities, Challenges, Risks and Influences Factors Analysis
13 Value Chain and Sales Channels Analysis
14 Research Findings and Conclusion
15 Appendix

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