Global Legal Marijuana Industry 2019 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.
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Some of the key players in global 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 and many more.
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.
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Marijuana Types Covered:
- Recreational Marijuana
- Medical Marijuana
Medical Applications Covered:
- Mental Disorders
- Chronic Pain
- Other Medical Applications
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The report also focuses on global major leading industry players of Global Legal Marijuana market providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. With tables and figures helping analyze worldwide Global Legal Marijuana market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Table of Contents
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Legal Marijuana Market, By Packaging Type
6 Global Legal Marijuana Market, By Type
7 Global Legal Marijuana Market, By Product
8 Global Legal Marijuana Market, By End User
9 Global Legal Marijuana Market, By Geography
10 Key Developments
11 Company Profiling
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