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.
Legal Marijuana Market Overview
The market overview focuses on analyzing the dynamics of Legal Marijuana industry, including its key players and market rivalry. The report provides revenue forecasts for the industry at the global, regional, and segment levels, with a particular emphasis on sales forecasting by segment and region. This comprehensive analysis allows for a detailed understanding of the market’s current state and future trends, providing valuable insights for industry stakeholders.
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Legal Marijuana Market Report Scope and Research Methodology
The report on Legal Marijuana Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Legal Marijuana market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the Legal Marijuana industry at local, regional and global level. Segment wise marker share estimation & Industry potential is also covered.
The Legal Marijuana Market was analysed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The new entrants & existing players in Legal Marijuana market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Legal Marijuana market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the Legal Marijuana market size.
Legal Marijuana Market Regional Insights
The report provides a comprehensive examination of the factors driving growth, constraints, future prospects, and competitive landscape across all regions. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one..
Legal Marijuana Market Segmentation
Concentrates are predicted to dominate the market with the highest CAGR over the projection period, according to Product Type. These concentrations can be obtained as tinctures, ingestible oils, and dab products. The oils and tinctures are commonly used to treat a variety of chronic ailments in most countries throughout the world. These oils are used topically to ease tension and treat sleeplessness. Tetrahydrocannabinol (THC), the compound that dominates the market, is anticipated to have the greatest CAGR throughout the projection period.
According to Application, the Medical sector is currently leading the market and has the greatest CAGR throughout the anticipated period. The sizeable market share of this industry is mostly due to the increase in demand for marijuana as a pain reliever for a variety of medical conditions, such as cancer, AIDS, seizures, and other illnesses, as well as the expansion of marijuana research on a global scale. However, it is projected that the recreational application category would grow quickly throughout the course of the forecast period.
Legal Marijuana Market Key Player
• 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
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Key questions answered in the Legal Marijuana Market are:
- What is Legal Marijuana ?
- What are the factors driving the Legal Marijuana Market growth?
- What are the factors are limiting the Legal Marijuana Market growth?
- What was the Legal Marijuana market size in 2021?
- Which trends are expected to generate additional revenue for the Legal Marijuana market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Legal Marijuana Market?
- What growth strategies are the players considering to increase their foothold in the Legal Marijuana Market?
- Who held the largest market share in the Legal Marijuana Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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