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The cannabis-infused edible products market size is projected to increase by USD 7.01 billion, at a CAGR of 20.04% between 2023 and 2028. The cannabis market is experiencing notable growth due to several key drivers. First, there is an increasing social acceptance of cannabis, which is shifting public perception and reducing stigma, leading to broader consumer acceptance and legalization in various regions. Additionally, the growing purchasing power of millennials in major cannabis markets is significantly contributing to market expansion. This demographic is not only more open to cannabis use but also has the financial means to invest in premium products. Furthermore, rising awareness about the health benefits of cannabis is driving consumer interest. As more people become informed about the potential therapeutic and wellness benefits of cannabis, demand for related products continues to rise. Together, these factors enhanced social acceptance, the economic influence of millennials, and growing health awareness are collectively propelling the cannabis market forward and fostering its development.
The market shows an Accelerated CAGR during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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