The global Legal Marijuana Market size is predicted to account USD 65.1 billion by 2027 and expanding growth at a CAGR of around 17.8% from 2021 to 2027.
A recent study by Precedence Research on the legal marijuana market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the legal marijuana market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of legal marijuana. The study also provides the dynamics that are responsible for influencing the future status of the legal marijuana market over the forecast period.
A detailed assessment of the legal marijuana market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the legal marijuana market along with their product portfolio enhances the reliability of this comprehensive research study.
Report Summary
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the legal marijuana market across the globe.
A comprehensive estimate on the legal marijuana market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of legal marijuana during the forecast period. Price point comparison by region with global average price is also considered in the study.
Market Size Evaluation
The legal marijuana market has been analyzed for each market segment in terms of volume (kilo tons) and value (US$ Bn).
Market estimates at global and regional levels for legal marijuana are available in terms of “US$ Bn” for value and in “kilo tons” for volume. A Y-o-Y growth contrast on prominent legal marijuana market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global Legal marijuana market.
Major Key Players Covered in The legal marijuana Market Report include
- Aurora Cannabis
- GW Pharmaceuticals, plc.
- Organigram Holding, Inc.
- Canopy Growth Corporation
- Maricann Group, Inc.
- Aphria, Inc.
- Maricann Group, Inc.
- The Cronos Group
- Tilray
- ABcannMedicinals, Inc.
- Lexaria Corp.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the legal marijuana market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of legal marijuana market during the forecast period.
Country-specific valuation on demand for legal marijuana has been offered for each regional market, along with market scope estimate sand forecasts, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Market Segments
By Marijuana Type
- Medical
- Adult Use
By Product Type
- Oils
- Buds
- Tinctures
By Application
- Mental Disorders
- Chronic Pain
- Cancer
- Others
By Regional
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
View Full Report@ https://www.precedenceresearch.com/legal-marijuana-market
In-Depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of legal marijuana, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of legal marijuana has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the legal marijuana market.
About Us
Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.
From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.
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Marijuana is one of the most abused drugs in the world.The commercial marijuana industry exists on a state-by-state basis, and all medical and recreational programs are technically in violation of federal drug laws.
The U.S. Department of Justice issued some guidelines in recent years that helped the marijuana industry gain traction, but these are not legally binding and could theoretically be nullified at any time.A medicinal cannabis product refers to a product which includes cannabis, and its chemical components (cannabinoids), that can be used for curing, or alleviating the symptoms of disease, ailment or injury.The two main cannabinoids that have been identified for therapeutic application are the psychoactive 9-tetrahydrocanabinol (THC) and non-psychoactive Cannabidiol (CBD).Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-legal-marijuana-2019-2024-884The global average price of Legal Marijuana is in the decreasing trend, from 11.92 USD/g in 2012 to 7.5 USD/g in 2016.
With the situation of global economy, prices will be in decreasing trend in the following five years.The classification of Legal Marijuana includes Classical Media & Salts, Serum-free MediaStem Cell Media, and the proportion of Classical Media & Salts in 2016 is about 50.07%, and the proportion is in decreasing trend from 2012 to 2017.Market competition is not intense.
Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc. and mCig Inc are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.According to this study, over the next five years the Legal Marijuana market will register a 28.0% CAGR in terms of revenue, the global market size will reach US$ 35000 million by 2024, from US$ 7970 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Legal Marijuana business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Legal Marijuana market by product type, application, key manufacturers and key regions and countries.This study considers the Legal Marijuana value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.IndoorGreenhouseSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.RecreationalMedicalThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.Medicine ManCanopy GrowthAphriaAurora Cannabis Inc.mCig IncIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
