- Home
- Industries
Aerospace And Defence
Agriculture
Automotive And Transportation
Banking And Finance
Business
Chemicals And Materials
Consumer And Retail
Electronics And Semiconductors
Food And Beverages
Machinery & Equipments
Manufacturing And Construction
Medical Devices
Others
Pharmaceuticals And Healthcare
Power And Energy
Sports
Technology
- Services
- News Room
- About us
- Contact Us
-
Global Legal Marijuana Industry Market Dynamics & Strategic Insights 2021-2030
Cannabis indica, Cannabis sativa, and Cannabis ruderalis are referred to as marijuana and used for medicinal, recreational, and ritualistic purposes. Marijuana is a green, brown, or gray mixture of dried, shredded leaves, stems, seeds, and flowers of the cannabis plant. Marijuana contains more than 400 chemicals. Marijuana can be used for various medical and recreational purposes.
Global Legal Marijuana Market іѕ ѕеgmеntеd on the bаѕіѕ оf Marijuana Type (Medical, Recreational) Product Type (Buds, Oil, and Tinctures) Application (Chronic Pain, Mental Disorders, Cancer, and Others (AIDS, ALS, Parkinson’s)) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Legal Marijuana Market wаѕ vаluеd аt UЅD 22,345.2 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 4.6% frоm 2021 tо 2030.
The report on Global Legal Marijuana Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Legal Marijuana Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Legal Marijuana Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Legal Marijuana Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Legal Marijuana Market.
Market Dynamics:
Increasing R&D activities and government expenditure on the healthcare sector and legalization of marijuana by developed countries for medical purposes can be used for the treatment of various chronic diseases such as cancer AIDS, ALS, Crohn’s disease, and Parkinson’s is a major factor driving the growth of the global market. The increasing incidence of chronic diseases among the population and several beneficial chemicals found in marijuana is used to reduce nausea and vomiting, relieve chronic pain, and stimulate appetite during chemotherapy are factors expected to support the growth of the global legal marijuana market during the forecast period. Furthermore, rising mental disorder and the presence of tetrahydrocannabinol chemicals in marijuana is used to treat the mental disorder is a factor expected to increase the growth of the global legal marijuana market.
However, stringent government regulations related to the use of marijuana as some side effects on health are a major factor restraining the growth of the global market. There are some common side effects of marijuana such as lethargy, and sleepiness increased talkativeness, and laughter alternating with periods of introspective dreaminess, which are expected to challenge the growth of the global legal marijuana market.
Furthermore, the use of G-pen for medical purposes that appears as an electronic cigarette and it does not produce smoke is a recent trend observed in the legal marijuana market.
Segmental Analysis:
Among the marijuana type segments, the medical segment is accounted for a major revenue share and is expected to maintain its dominance in the global market. This is attributed to the increasing use of the product for the treatment of cancer and other medical conditions.
Among the product type segments, the molten metal filtration segment is projected to register the highest CAGR in the global market, owing to the easy availability of buds than other products.
Among the application segment, the chronic pain segment is expected to dominate the target market, owing to the presence of a large patient pool. The mental disorder segment is expected to witness the fastest growth over the forecast period due to the growing number of patients suffering from mental disorders, such as anxiety disorder, depressions, and Alzheimer’s disease.
Regional Analysis:
North America market is expected to dominate in the global legal marijuana market with a higher revenue share as compared to other regional markets and is expected to continue its dominance during the forecast period. This can be attributed to the increasing pool of patients suffering from chronic diseases, well-developed healthcare sector, and favorable reimbursement policies. According to the Drug Policy Alliance, the recreational use of marijuana is legal in Washington, D.C., and four states: Colorado, Washington, Oregon, and Alaska. Europe market accounts for the second-largest revenue share in the global legal marijuana market followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The Asia Pacific market is projected to register the fastest growth in terms of revenue, due to increasing government expenditure on the healthcare sector in developing countries in this region.
Global Legal Marijuana Market Segmentation:
Segmentation by Marijuana Type:
• Medical
• Recreational
Segmentation by Product Type:
• Buds
• Oil
• Tinctures
Segmentation by Application:
• Chronic Pain
• Mental Disorders
• Cancer
• Others (AIDS, ALS, Parkinson’s)
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Canopy Growth Corporation
Aphria, Inc.
Aurora Cannabis Inc.
Maricann Group, Inc.
Tilray
The Cronos Group
Organigram Holdings, Inc.
ABcann Medicinals, Inc.
Tikun Olam
Global Legal Marijuana Market іѕ ѕеgmеntеd on the bаѕіѕ оf Marijuana Type (Medical, Recreational) Product Type (Buds, Oil, and Tinctures) Application (Chronic Pain, Mental Disorders, Cancer, and Others (AIDS, ALS, Parkinson’s)) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Legal Marijuana Market wаѕ vаluеd аt UЅD 22,345.2 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 4.6% frоm 2021 tо 2030.
The report on Global Legal Marijuana Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Legal Marijuana Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Legal Marijuana Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Legal Marijuana Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Legal Marijuana Market.
Market Dynamics:
Increasing R&D activities and government expenditure on the healthcare sector and legalization of marijuana by developed countries for medical purposes can be used for the treatment of various chronic diseases such as cancer AIDS, ALS, Crohn’s disease, and Parkinson’s is a major factor driving the growth of the global market. The increasing incidence of chronic diseases among the population and several beneficial chemicals found in marijuana is used to reduce nausea and vomiting, relieve chronic pain, and stimulate appetite during chemotherapy are factors expected to support the growth of the global legal marijuana market during the forecast period. Furthermore, rising mental disorder and the presence of tetrahydrocannabinol chemicals in marijuana is used to treat the mental disorder is a factor expected to increase the growth of the global legal marijuana market.
However, stringent government regulations related to the use of marijuana as some side effects on health are a major factor restraining the growth of the global market. There are some common side effects of marijuana such as lethargy, and sleepiness increased talkativeness, and laughter alternating with periods of introspective dreaminess, which are expected to challenge the growth of the global legal marijuana market.
Furthermore, the use of G-pen for medical purposes that appears as an electronic cigarette and it does not produce smoke is a recent trend observed in the legal marijuana market.
Segmental Analysis:
Among the marijuana type segments, the medical segment is accounted for a major revenue share and is expected to maintain its dominance in the global market. This is attributed to the increasing use of the product for the treatment of cancer and other medical conditions.
Among the product type segments, the molten metal filtration segment is projected to register the highest CAGR in the global market, owing to the easy availability of buds than other products.
Among the application segment, the chronic pain segment is expected to dominate the target market, owing to the presence of a large patient pool. The mental disorder segment is expected to witness the fastest growth over the forecast period due to the growing number of patients suffering from mental disorders, such as anxiety disorder, depressions, and Alzheimer’s disease.
Regional Analysis:
North America market is expected to dominate in the global legal marijuana market with a higher revenue share as compared to other regional markets and is expected to continue its dominance during the forecast period. This can be attributed to the increasing pool of patients suffering from chronic diseases, well-developed healthcare sector, and favorable reimbursement policies. According to the Drug Policy Alliance, the recreational use of marijuana is legal in Washington, D.C., and four states: Colorado, Washington, Oregon, and Alaska. Europe market accounts for the second-largest revenue share in the global legal marijuana market followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The Asia Pacific market is projected to register the fastest growth in terms of revenue, due to increasing government expenditure on the healthcare sector in developing countries in this region.
Global Legal Marijuana Market Segmentation:
Segmentation by Marijuana Type:
• Medical
• Recreational
Segmentation by Product Type:
• Buds
• Oil
• Tinctures
Segmentation by Application:
• Chronic Pain
• Mental Disorders
• Cancer
• Others (AIDS, ALS, Parkinson’s)
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Canopy Growth Corporation
Aphria, Inc.
Aurora Cannabis Inc.
Maricann Group, Inc.
Tilray
The Cronos Group
Organigram Holdings, Inc.
ABcann Medicinals, Inc.
Tikun Olam
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
Select Licence Type
Connect with our sales team
Why Future Market Outlook
100%
Customer
Satisfaction
24x7+
Availability - we are always
there when you need us
200+
Fortune 50 Companies trust
Future Market Outlook
80%
of our reports are exclusive
and first in the industry
100%
more data
and analysis
1000+
reports published
till date
