Marijuana that is legally used for medical purposes is often known as medical marijuana or cannabis. Medical marijuana is a medicine that is used to treat chronic diseases, cancer, Parkinson’s disease, and other neurological diseases.
Global Legal Marijuana Market was valued at US$ 17.48 Bn in 2021. The Legal Marijuana Market size is estimated to grow at a CAGR of 28.43 % over the forecast period.
Global Legal Marijuana Market Overview:
The Global Legal Marijuana market research study investigates and analyses the market’s position during the forecast period. It is a comprehensive study that focuses on primary and secondary drivers, market dominance, important segments, and geographic analysis. The study also examines noteworthy individuals, big collaborations, mergers and acquisitions, as well as current innovation and corporate strategy.
Global Legal Marijuana Market Scope:
We looked at the Global Legal Marijuana Market from every perspective possible, using both primary and secondary research methods. This enabled us to gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and consumer behavior. The data is then collected and analyzed utilizing a range of market estimations and data validation processes. Furthermore, we have an in-house data forecasting engine that forecasts market growth until 2027.
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Key Players:
Primary and secondary research is used to identify market leaders, as well as primary and secondary research to assess market revenue. As part of the core study, in-depth interviews with major thought leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals were done. In-depth interviews with notable thought leaders and industry specialists, such as experienced front-line personnel, CEOs, and marketing professionals, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to compute percentage splits, market shares, growth rates, and market breakdowns that are then compared to historical data.
This report includes the following players:
• Canopy Growth Corporation
• Aurora Cannabis
• Aphria, Inc.
• Tilray
• ABcann Medicinals, Inc.
• The Cronos Group
• Maricann Group, Inc.
• Organigram Holding, Inc.
• Lexaria Corp.
• GW Pharmaceuticals
• United Cannabis Corporation
• Tikun Olam, Ltd.
• Organigram Holdings, Inc.
• Cresco Labs
• Indiva
• Hexo Corp.
• Ecofibre Limited
• Curaleaf Holdings
• Harvest Health and Recreation
• Green Thumb Industries
• TerrAscend
Regional Analysis:
The research examines the local industry in-depth, utilizing both qualitative and quantitative data. It provides an overview and prediction of the Global Legal Marijuana market segment by segment. It also projects and estimates the market size for five key regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. The Global Legal Marijuana market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.
COVID-19 Impact Analysis on Global Legal Marijuana Market:
We thoroughly researched and analysed the Global Legal Marijuana Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the Global Legal Marijuana industry’s potential, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The study’s main goal is to provide industrial enterprises with a strategic analysis of COVID-19’s impact. This analysis looked at the marketplaces of key countries at the same time and emphasized their market potential.
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Key Questions Answered in the Global Legal Marijuana Market Report are:
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