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Legal Cannabis Market to See Booming Growth | Tilray, Aphria, Lexaria

Advance Market Analytics published a new research publication on “Legal Cannabis Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Legal Cannabis market was mainly driven by the increasing R&D spending across the world.

Some of the key players profiled in the study are:

Canopy Growth Corporation (United States), Aphria, Inc. (United States), Aurora Cannabis (Canada), Wayland Group (Canada), Tilray (Canada), The Cronos Group (Canada), Organigram Holding, Inc. (Canada), GW Pharmaceuticals, plc. (United Kingdom), Lexaria Corp. (Canada), Medicine Man Technology (United States).

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Scope of the Report of Legal Cannabis
Marijuana also called as cannabis, herb, pot, grass, bud, ganja, Mary Jane, and a vast number of other slang terms, it is a greenish-gray mixture of the dried flowers of Cannabis sativa. Cannabis includes sinsemilla and concentrated resins which are a stronger form of cannabis containing high doses of marijuana’s active elements which includes honeylike hash oil, waxy budder, and hard amberlike shatter. These resins are gradually common among those who use them both recreationally and medically. Changes in cannabis policies across states legalizing marijuana for medical and/or recreational use recommend that cannabis is gaining larger acceptance in our society. Marijuana legalization considers the practical uses of marijuana, especially for medical use.

Key Developments in the Market:

On May 2, 2019- Canopy Growth has announce that it has acquired German-based, Bionorica SE-founded C3 Cannabinoid Compound Company (“C3”) in a transformative deal that will see established single cannabinoid medicines brought together with the world’s leading full-spectrum medical cannabis offering.

Regulatory Insights:

Canada had recently passed a nationwide legalization of recreational cannabis use, following Uruguay to become the second country to do so. According to CBC, Canada is one of only two countries, besides the Netherlands, that exports cannabis products, which allows companies in Canada to gain instant revenue from recent medical cannabis.

The titled segments and sub-section of the market are illuminated below:

by Type (Indoor, Greenhouse), Application (Chronic Pain, Mental Disorders, Cancer, Others), End-Users (Healthcare Industry, Recreational Industry, Others)

Market Trends:
Rising Need for Effective Pain Management Remedies

Legalization of Medicinal Cannabis Led To a Significant Decrease in the Black Market

Government Earnings through Taxation

Market Drivers:
Increasing Use of Cannabis for Medical Use

Increasing Disease Burden of Chronic Pain

Strict Rules and Regulations Regarding the Product Sale and Cultivation

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Legal Cannabis Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Legal Cannabis market

Chapter 2: Exclusive Summary – the basic information of the Legal Cannabis Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Legal Cannabis

Chapter 4: Presenting the Legal Cannabis Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Legal Cannabis market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Legal Cannabis Market is a valuable source of guidance for individuals and companies.

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