How much is the Cannabis Beverages Market Worth in the Future?

Cannabis, which is well known as marijuana among all other names, is used as a psychoactive drug produced from the Cannabis plant. It is further used primarily for medical or recreational purposes. The main psychoactive component present in cannabis is tetrahydrocannabinol (THC), which is one of the 483 known compounds in the plant, including at least 65 other cannabinoids. Cannabis beverages or drinks are gaining popularity among consumers globally. Cannabis can also be used by vaporizing, smoking, within the food, or as an extract.

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Cannabis Beverages Market

The Cannabis Beverages Market has witnessed a significant growth owing to factors such as the rising demand for wellness drinks. Furthermore, due to low sugar content present in cannabis drinks, consumers are quite attracted to the same. Legalization of the usage of marijuana for medical and recreational purposes in many countries is further expected to drive the production as well as demand for cannabis-infused beverages. The growing use of cannabis for the treatment of neurological disorders and pain control is anticipated to fuel the demand for cannabis drinks. Cannabis consumers are nowadays shifting their focus from smoking cannabis to alternative ways, including beverages, tinctures, and chocolates, and other edibles. However, there are many regulations over cannabis products by food and drug administration, which may hamper the growth of the cannabis beverages market. Nevertheless, investments in R&D activities and new product launches by the market players may open up new opportunities for this market.

Analysis of Company Profiles:

1. Aphria Inc.

2. Aurora Cannabis

3. CannTrust Holdings Inc.

4. Canopy Growth Corporation

5. Cronos Group Inc.

6. GW Pharmaceuticals, plc.

7. MedReleaf Corp.

8. OrganiGram Holdings.

9. Tilray Inc.

10. VIVO Cannabis Inc.

The global cannabis beverages market is segmented on the basis of type, component, and distribution channel. On the basis of type, the cannabis beverages market is segmented into alcoholic and non-alcoholic. The cannabis beverages market on the basis of the component is classified into cannabidiol (CBD) and tetrahydrocannabinol (THC). On the basis of distribution channel, global cannabis beverages market is bifurcated into mass merchandisers, specialty stores, online retailers, and others.