Industry Background:
Tetrahydrocannabinol is referred to as principal active ingredients in marijuana. In the United States, marijuana still remains the most repeatedly abused illicit drug, though its popularity appears to cycle, trending up and down over decades. THC is classified as a mild sedative at low doses and a hallucinogen at high doses. According to the National Institute on Drug Abuse (NIDA), it acts much like the cannabinoid chemicals made naturally by the body. THC attaches to these receptors and activates them and affects a person's memory, pleasure, coordination, movements, thinking, concentration, and sensory and time perception, according to NIDA. Its anti-emetic properties (inhibits vomiting) are particularly useful in the treatment of cancer patients on chemotherapy. Also, as THC increases the appetite and reduces the vomit response, it is starting to be used in the treatment of anorexia and other eating disorders.
This growth is primarily driven by Growing Research and Development Activities and High Public and Private Investments in Research and Developments.
Globally, a noticeable market trend is evident Health Safety in Cannabis Products
. The Pharmaceuticals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as MedReleaf Corporation (Canada), Aurora Cannabis Inc. (Canada), BOL Pharma (Israel), Tilray (Canada), Medreleaf Corporation (Canada), Aurora Cannabis, Inc. (Canada), Green Relief Inc. (Canada), Canopy Growth Corporation (Canada), Insys Therapeutics, Inc. (United States) and Aphria, Inc. (Canada) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 22 Jan 2019, Tilray, Inc. has announced a definitive agreement with Natura Naturals Holdings Inc., the parent company of a licensed cultivator of cannabis. Due to the agreement, Tilray will obtain Natura’s 662,000 square-foot greenhouse cultivation facility, of which 155,000 square-feet are currently licensed, and all subsequent cannabis output from this facility.
Regulatory Insights:
FDA has concluded that THC and CBD products are excluded from the dietary supplement definition under section 201(ff)(3)(B) of the FD&C Act [21 U.S.C. § 321(ff)(3)(B)]. Under that provision, if a substance (such as THC or CBD) is an active ingredient in a drug product that has been approved under section 505 of the FD&C Act [21 U.S.C. § 355], or has been authorized for investigation as a new drug for which substantial clinical investigations have been instituted and for which the existence of such investigations has been made public, then products containing that substance are excluded from the definition of a dietary supplement.
Market Drivers
- Growing Research and Development Activities
- High Public and Private Investments in Research and Developments
Market Trend
- Health Safety in Cannabis Products
- Legalization of Medicinal Cannabis in Various Economies
Restraints
- Extreme consumption Leads to The Risk of Heart Attack
Opportunities
Huge Demand due to Use in Healthcare Industry and Emerging Demand from Economies
Challenges
Straighten Government Regulations
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Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Tetrahydrocannabinol Study Sheds Light on
The Tetrahydrocannabinol Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Tetrahydrocannabinol industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Tetrahydrocannabinol industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.