What is Synthetic Cannabinoids Market Scope?
Synthetic cannabinoids are a category of molecules that bind to constant receptors to which cannabinoids (THC and CBD) in cannabis plants attach. They are designer medicine, usually sprayed onto plant matter, and are typically Smoked up, though they need conjointly been Consumed as a targeted liquid form. They have been marketed as herbal incense, or "herbal smoking blends", and sold-out underneath common names like K2, Spice, and artificial Marijuana. They’re typically labeled "not for human consumption" for liability defense.
The Synthetic Cannabinoids market study is being classified by Type (Classical Cannabinoids, Non-Classical Cannabinoids, Hybrid Cannabinoids, Aminoalkylindoles and Eicosanoids), by Application (Healthcare, Personal Care and Others) and major geographies with country level break-up.
Noramco (United States), Lygos (Librede) (United States), CV Sciences (United States), Hyasynth Biologicals (Canada), Renew Biopharma (United States), CannBioRx Life Sciences (United States), Ginkgo Bioworks (United States), AbbVie Inc. (United States), GW Pharmaceuticals plc (United Kingdom) and Mylan N.V. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Isodiol International Inc (Canada), CURE Pharmaceutical (United States), Zynerba Pharmaceuticals, Inc. (United States), Aphios Corporation (United Kingdom), Botanix Pharmaceuticals (Australia) and Insys Therapeutics, Inc (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Synthetic Cannabinoids market by Type, Application and Region.
On the basis of geography, the market of Synthetic Cannabinoids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In 2020, Lygos, Inc., a full-stack supplier of sustainable specialty chemicals that deliver high-value performance without environmental toxicity, proclaimed the acquisition of Librede, Inc., an associate rising artificial biology company that targeted cannabinoid products for the buyer market. The combined platforms modify Lygos for the rapid growth of high quality, property, and rare cannabinoids and quickly commercialize new innovative cannabinoid-based Consumer, nutraceutical, and pharmaceutical product range.
United Kingdom: The UK controls synthetic cannabinoids by analog under the Misuse of Drugs Act, 1971 as Class B drugs. and United States: Synthetic Drug Abuse Prevention Act of 2012 banned synthetic compounds commonly found in synthetic marijuana.
Influencing Market Trend
- The Demand for Artificial Cannabinoids to Assess the Potential Impact to Treat a Spread of Diseases and Symptoms
Market Drivers
- Rising Consumer Interest and Demand for Non-Regulated Psychotropic Drug
Opportunities
- Neurodegenerative Diseases, Pain Suppressors And Cancer
Restraints
- Stringent Government Rules and Regulation Regarding Cannabis Possession and Usage
Challenges
- Transportation of Non-Essential Goods with No Raw Use Benefits and Commodities
- Side Effects of Synthetic Cannabinoids
Key Target Audience
Synthetic Cannabinoids Manufacturer, Trader/Supplier/Distributors, Health Institutes, Research Institutes, Government Bodies and Others
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