Global Legal Marijuana Market Size, Share, Growth, Industry Trends and Forecast to 2027 is a profound and valuable analysis of the market, featuring all significant facets and trends in the global market. The report offers a detailed analysis of business space inclusive of the current market trends, size of the market, competitive background, and forecast during 2021 to 2027 time-period. The report holds crucial importance in the market and underlines market aspects such as market scope, global demand, profitability, attractiveness, and potential of the global Legal Marijuana market. The report encircles the analysis of the product, application potential, and global and regional growth strategies. It evaluates notable aspects including market dynamics, volatile market structure, uneven demand-supply ratios, limitations, and restrictions in the market. The research study has provided a growth analysis of different aspects that enhance the market growth scenario.
Legal Marijuana Market is estimated to grow at 20.0% for 2021-2027 with factors such as numerous conflicting conclusions of smoking cannabis, which involve the composition of mucus, prolonged cough, and respiratory infections such as COPD which will likely to impede the growth of the market in emerging economies.
Legal marijuana market has shown an exceptional penetration in developed economies in North America. Increasing practice of the cannabis herb for recreational purposes, stress, and government regulations which will likely to enhance the growth of the market.
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Proceeding further, the business intelligence report of Market incorporates segmentation studies including product and application categories, and Regional-level analysis of the top geographies. Moving to the market competitive scenario, product and service offering of the prominent organizations along with business strategies employed by them to maintain a strong hold in this marketplace are reviewed thoroughly.
The statistical information presented in this report is predicated on the Legal Marijuana in Government marketplace primary, secondary investigation and study, and media release. This comprises data via a global group of expertise from Legal Marijuana in Government notable players to provide the latest information on the international Legal Marijuana in Government marketplace. Moving forward, segmentation analysis is obviously explained considering all the significant probabilities pertinent to Market in Government market conditions.
PESTLE Analysis of Global Legal Marijuana Market
• Political (Political policy and stability as well as trade, fiscal and taxation
• Economical (Interest rates, employment or unemployment rates, raw material
costs and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends,
attitude changes and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research
• Legal (Employment legislation, consumer law, health and safety, international
as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste
disposal and sustainability)
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The market share (by revenue) for the public players will be based on the information available in the public domain, and for the private players, such information will be provided on best effort basis, which will entirely be based on primary interviews and latest developments of the companies
Global Legal Marijuana Market Competition by TOP Players is,
- VIVO Cannabis Inc.
- Hemp Me.
- QC Infusion
- Hemp Production Services
- Hudson Valley Hemp, LLC.
- Green Roads
- Royal CBD
- Moon Mother Hemp Company
- CBD Oil Europe
- King CBD
- FOLIUM BIOSCIENCES
- CV Sciences, Inc.
- Pharmahemp d.o.o.
- Gaia Botanicals, LLC
- Spring Creek Labs
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On the basis of product, the Legal Marijuana market research displays the revenue, price, market share and growth rate of each type, primarily split into,
By Type (Recreational Marijuana, Medical Marijuana)
By Product Type (Buds, Oils, Tinctures, Others)
On the basis of the end users, the Legal Marijuana market research focuses on the status and outlook for major applications, consumption (sales), market share and growth rate for each application, including
By Application (Chronic Pain, Mental Disorders, Cancer, Others)
Legal Marijuana Market Scenario
According to Data Bridge Market Research the legal marijuana market is attaining a significant growth in developing economies during the forecast period of 2020-2027 due to factors such as growth in the legalization of cannabis in numerous nations, effectiveness of marijuana for therapeutic objectives, growing adoption of medical marijuana for the treatment of chronic diseases, elimination of black market through the legalization of medical marijuana which will help in boosting the growth of the market.
Now the question is which are the other regions that legal marijuana market is targeting? Data Bridge Market Research has estimated a large growth in Europe legal marijuana market in the forecast period of 2020-2027. The Data bridge market research new reports highlight the major growth factors and opportunities in the legal marijuana market.
This Legal Marijuana market report studies the top producers and consumers, focuses on product capacity, value, consumption, market share and growth opportunity in these key regions, covering
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Legal Marijuana Market Scope and Market Size
The Legal Marijuana market is segmented on the basis of the product, species, packaging, dosage, derivative, application, source type, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product, the Legal Marijuana market is segmented into reservoir, matrix and layer drug-in-adhesive. In 2021, reservoir segment is dominating the Legal Marijuana market due to its use in varied CBD applications and its steady and controlled release for longer period of time.
On the basis of species, the Legal Marijuana market is segmented into cannabis indica, hybrid and sativa. In 2021, cannabis indica segment is dominating the Legal Marijuana market due to its high CBD and low THC percentage as compared to sativa and hybrid. As many regions have a limit in the use of THC in products, cannabis indica is preferred.
On the basis of packaging, the Legal Marijuana market is segmented into two to five patches, single patch and more than five patch. In 2021, two to five patches segment is dominating the Legal Marijuana market due to its high availability and the discounts offered by manufacturers on a bundle of patches in this range.
On the basis of dosage, the Legal Marijuana market is segmented into below 30 mg, 30-40 mg, 40-50 mg and above 50 mg. In 2021, below 30 mg segment is dominating the Legal Marijuana market as the market is at its initial stages and new consumers start with low dosage and then increase as per the requirement.
On the basis of derivatives, the Legal Marijuana market is segmented into cannabidiol (CBD), tetrahydrocannabinol (THC) Others. In 2021, cannabidiol (CBD) segment is dominating the Legal Marijuana market owing to the restrictions on the tetrahydrocannabinol (THC) content of 0.2-0.3% depending on the country of use and also the side effects associated with tetrahydrocannabinol (THC).
Strategic Points Covered in Table of Content (Chapter) of Global Legal Marijuana Market:
Chapter 1 – Executive Summary
The report commences with an executive summary of the Legal Marijuana market report, which includes the summary of key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Legal Marijuana market.
Chapter 2 – Market Introduction
Readers can find detailed taxonomy and definitions in this chapter to understand basic information regarding the Legal Marijuana market dynamics, supply chain, list of key distributors and suppliers and list of key market participants.
Chapter 3 – Market Overview
Readers can find a detailed opportunity analysis on Legal Marijuana Market
Chapter 4 – Market Overview
Tracking the market scenario, with key inferences drawn from historical data, current trends, and future prospects. This section provides the Macro-Economic Factors for the market
Chapter 5 – Market Background
Readers can find various macro-economic factors associated with the growth of the market. This chapter highlights the key market dynamics, which include the drivers, restraints and trends
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Chapter 6 – Global Economic Outlook
This section shows the Gross Domestic Product by Region & Country from 2006 – 2021
Chapter 7 – Key Inclusions
This section of the report includes regulation and reimbursement scenario associated with the market
Chapter 8 – North America Legal Marijuana Market Analysis 2010–2018 & Opportunity Assessment 2018–2028
This chapter includes a detailed analysis of the anticipated growth in the North America Legal Marijuana market along with a country-wise assessment for countries in the region, including the U.S. and Canada. Readers can also find information pertaining to the regional trends and regulations prevailing in the North America Legal Marijuana market and regional market growth classified on the basis of product type, modality and end user.
Chapter 9 – Latin America Legal Marijuana Market Analysis 2010–2018 & Opportunity Assessment 2018–2028
Readers can find detailed information regarding factors such as pricing analysis and regional trends that are impacting the growth of the Latin America Legal Marijuana market. This chapter also includes the growth prospects of the Legal Marijuana market in leading LATAM countries such as Brazil, Mexico and rest of the Latin America region.
Chapter 10 – Europe Legal Marijuana Market Analysis 2021–2018 & Opportunity Assessment 2018–2028
Important growth prospects of the Legal Marijuana market, on the basis of product type, modality and end user in several European countries such as Germany, the U.K., France, Italy, Spain, Russia, Poland & the rest of Europe have been included in this chapter.
Chapter 11 – Asia Pacific Legal Marijuana Market Analysis 2010–2018 & Opportunity Assessment 2018–2028
China, India, Australia and Japan, being the leading countries in the APEJ region, are the prime subject of assessment in this chapter to obtain the growth prospects of the APEJ Legal Marijuana market during the forecast period.
Chapter 12 – MEA Legal Marijuana Market Analysis 2010–2018 & Opportunity Assessment 2018–2028
This chapter provides information on how the Legal Marijuana market is expected to grow in major countries of the MEA region, such as Saudi Arabia, South Africa, & Egypt, during the period 2018–2028.
Chapter 13 – Forecast Factors: Relevance and Impact
Forecast factors for the estimation of the entire concerned market are also present in this section.
Chapter 14 – Forecast Assumptions
Taken assumptions set for the estimation of the entire concerned market are present in this section.
Chapter 15 – Market Structure Analysis
This chapter includes the market structure by tier of companies for the electrophysiology ablation market. This chapter also includes the company share analysis for various key players in the market.
Chapter 16 – Competition Landscape
In this chapter, readers can find a comprehensive list of the leading stakeholders present in the Legal Marijuana market along with detailed information about each company, including company overview, revenue shares, strategic overview and recent company developments. Market players featured in the report include (mentioned above)
Chapter 17 – Global Legal Marijuana Market Analysis (2010–2018) & Opportunity Assessment (2018–2028) by Region
This chapter explains how the Legal Marijuana market is expected to grow across various geographic regions such as North America, Latin America, Europe, Asia-Pacific Excluding Japan (APEJ), & the Middle East & Africa (MEA).
Chapter 18 – Global Legal Marijuana Market Analysis (2010–2018) & Opportunity Assessment (2021–2028)
This chapter explains how the Legal Marijuana market is expected to grow across the period of 2021–2028.
Chapter 19 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.
Chapter 20 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions and important qualitative and quantitative information regarding the Legal Marijuana market.
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