The Global Cannabis Market Size is expected to grow at a compound annual growth rate (CAGR) of 28.0% during the forecast period. It is witnessing significant growth due to its increasing legalization of across various regions. Also, the growth of cannabis market can be attributed to the increasing awareness among consumers regarding health benefits and its growing medical application. The North America region is going to dominate due to increasing legalization of cannabis for both medical and recreational purposes all over North America. The recreational segment is projected to remain concentrated in the North American region. Despite its low availability in various countries, the consumption and demand levels are higher as compared to that of medicinal cannabis, due to which the demand for recreational cannabis is projected to surpass the demand for medical cannabis. Therefore, the legalization of recreational cannabis across other regions could translate into a larger market share for this segment. Due to these factors, the recreational segment is projected to witness the fastest growth in the cannabis market during the forecast period. Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201768301 The THC-dominant segment dominated the market in 2020 and is projected to grow at the highest CAGR during the forecast period to reach USD 60.5 billion by 2026. The dominance of this segment is majorly attributed to the fact that THC is the psychoactive substance in cannabis products that are responsible for the high. Even though high THC content is better known for its euphoria-inducing tendencies, it also has important medical benefits and is considered effective in relieving nausea, appetite loss, and insomnia, among other symptoms. The North American market is primarily driven by the increasing legalization of cannabis for both medical and recreational purposes and increasing awareness among consumers regarding the health benefits of it. The market is further driven by the presence of major giants such as Canopy Growth Corporation, Aurora Cannabis Inc., and Medical Marijuana Inc., who are continuously investing and collaborating for the development of new products to fulfill the demand of the consumers. The global market is dominated by major players such as Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), MedMen (US), Terra Tech Corp. (US), Aphria Inc. (Canada), VIVO Cannabis Inc. (Canada), The Cronos Group (Canada), Medical Marijuana Inc. (US), STENOCARE (Denmark), Tikun Olam (Israel), Organigram Holdings Inc. (Canada), Cresco Labs (US), Indiva (Canada), Curaleaf Holding Inc. (US), HEXO Corp. (Canada), Ecofibre Limited (Australia), Harvest Health & Recreation (US), Green Thumb Industries (US), Maricann Group Inc. (Canada), and TerrAscend (Canada).