Legal Marijuana Market is accounted for $12.78 billion in 2017 and is expected to reach $75.69 billion by 2026 growing at a CAGR of 21.9% during the forecast period. Some of the key factors influencing the market growth include Growing legalization in various countries and rising adoption of cannabis as a medical product for treating conditions such as Parkinson’s disease, cancer, arthritis, and neurological disorders. However, stringent rules and regulations regarding the product sale and cultivation is restraining the market growth.
Major Key Players of the Legal Marijuana Market are:
Cannabis Sativa, Inc., Aphria, Inc., GW Pharmaceuticals, plc., Maricann Group, Inc., United Cannabis Corporation., Canopy Growth Corporation., Tikun Olam, Ltd., Tilray, Aurora Cannabis, Lexaria Corp., The Cronos Group, Organigram Holding, Inc. and ABcann Medicinals, Inc.
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Based on the marijuana type, recreational is defined as any use of marijuana apart from medical purpose. Recreational use can range from it being a psychoactive drug to food ingredient. Few countries like Canada, Uruguay, Colombia, and some states in U.S. have legalized recreational cannabis. By Geography, North America is going to have a lucrative growth during the forecast period owing to the presence of a large customer pool and legalization of medical marijuana in U.S. and Canada. Currently 33 states in U.S. and District of Colombia have legalized cannabis in U.S. making it the largest market in the world.
The Legal Marijuana Market is segmented on the basis of Product, Marijuana Types, Medical Applications and region.
Major Product of Legal Marijuana Market covered are:
- Oils
- Tinctures
- Buds
Major Marijuana Types of Legal Marijuana Market covered are:
- Recreational Marijuana
- Medical Marijuana
Major Medical Applications of Legal Marijuana Market covered are:
- Cancer
- Mental Disorders
- Chronic Pain
- Other Medical Applications
Research objectives:-
– To study and analyze the global Legal Marijuana consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Legal Marijuana market by identifying its various sub-segments.
– Focuses on the key global Legal Marijuana manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Legal Marijuana with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Legal Marijuana Market Size
2.2 Legal Marijuana Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Legal Marijuana Market Size by Manufacturers
3.2 Legal Marijuana Key Players Head office and Area Served
3.3 Key Players Legal Marijuana Product/Solution/Service
3.4 Date of Enter into Legal Marijuana Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Legal Marijuana Sales by Product
4.2 Global Legal Marijuana Revenue by Product
4.3 Legal Marijuana Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Legal Marijuana Breakdown Data by End User
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In the end, Legal Marijuana industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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