North America Legal Cannabis Market Will Reach Around US$ 35 Billion by 2023

The new report by IMARC Group, entitled “North America Legal Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the North America legal cannabis market crossed the value of US$ 8 Billion in 2017. Belonging to the Cannabaceae family, the cannabis plant is cultivated in tropical and temperate areas across the globe. Delta-9 tetrahydro-cannabinol, also known as THC, is the main psychoactive constituent of cannabis which slows down the activity of the central nervous system and can produce hallucinogenic effects. In North America, the regulatory landscape is being modified so as to decriminalise the usage and possession of cannabis, which is helping in promoting the commercial cannabis...