Cannabis extraction is the process of separating the desired compounds from cannabis plant material. These compounds can include cannabinoids like CBD and THC, terpenes, flavonoids, and other active compounds and it is a process of isolating a specific compound from cannabis on a large scale. Cannabis extraction methods have been around for centuries but have recently increased in popularity due to increasing demand for cannabis oils, tinctures, edibles, and other concentrates.
The usage of extracted cannabis compounds is often for medicinal and recreational purposes as it improves the efficacy of the product. For instance, medical cannabis users often opt for a CBD extract due to its therapeutic properties. This is because CBD isolate is a potent form of the compound and also contains no THC, which is the primary psychoactive found in cannabis. Additionally, cannabis extractions have become popular in food and beverage products, topicals, capsules, and tinctures.
The global cannabis extraction industry has seen exponential growth in recent years with big players such as Altria, Canopy Growth, Tilray, and Aurora Cannabis being major players. The increased demand for cannabis products has led to an increase in demand for cannabis extractions as well as an increase in investment from larger corporations. As the global cannabis industry continues to grow, the extraction industry is likely to see further growth as well. Additionally, as more countries legalize cannabis and the regulations around the cultivation and sale of products become more relaxed, the cannabis extraction industry is likely to see further growth in coming years.
A detailed market research report on Global Cannabis Extraction Market available at: https://www.themarketreports.com/report/global-cannabis-extraction-market-research-report
This report aims to provide a comprehensive presentation of the global market for Cannabis Extraction, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cannabis Extraction.
The major global companies of Cannabis Extraction include Trulieve, Curaleaf, MedMen, Green Thumb Industries, Cresco Labs, Harvest House of Cannabis, Columbia Care, Acreage Holdings, Halo, Planet 13 etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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