17th March 2020 – The global “Legal
Marijuana market” presents a widespread and elementary study of Legal
Marijuana business at the side of the analysis of subjective aspects which is
able to give key business insights to the readers. World Legal Marijuana Market
analysis report offers the analytical read of the business by learning various
factors like Legal Marijuana market growth, consumption volume, market trends
and Legal Marijuana business price structures throughout the forecast amount
from 2014 to 2025.
Legal Marijuana Market is anticipated to
reach 146.4 billion by end of 2025. The market is anticipated to grow at a
healthy rate in the years to come. Robust demand among consumers and growing
legalization of recreational and medical marijuana in numerous economies,
rising investments by the public and private sector, research and development
activities, innovations of safer means for the consumption of marijuana
including oils, vapes, tinctures, and other edibles are driving the market.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Legal Marijuana Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Legal Marijuana Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
Also, increasing number of conditions
treated for the usage of medical marijuana and expansion of the patient base
across the globe, rise in the adoption rates of marijuana in varied medical
applications ranging from cancer, mental disorders, to chronic pain are likely
to foster the growth. The market is anticipated to grow at a significant
CAGR of 34.6% in the upcoming period as the scope, product types and its
applications are increasing across the globe.
Legal marijuana industry may be explored
by type, product, applications, and geography. The market may be explored by
type as Medical, and Recreational. The “Medical” segment dominated the legal
marijuana market in 2016 and is anticipated to maintain its dominance by 2025
due to the fact that several countries have approved hemp products for
cancer-induced nausea, chronic pain, and multiple sclerosis. “Recreational” segment
is anticipated to record the highest CAGR over the forthcoming period.
Legal marijuana industry may be explored
by product as Oil, Tinctures, and Buds. In 2016, Bud dominated the market. The
factors that contribute to the market growth include widespread acceptance of
buds and their low cost as compared to extracts or derivatives. These buds are
extensively used for smoking and are in high demand for entertainment.
Legal marijuana market may be explored
by Applications as Mental Disorders, Chronic Pain, Cancer, and Others. The
“chronic pain” segment dominated the legal marijuana industry in 2016 and is
anticipated to maintain its dominance by 2025 due to facts that cannabis help
to decrease pain and increase lifespan among patients suffering from chronic
pain. However, “Chronic pain” segment is followed by the “Metal disorder”
segment and anticipated to record the highest CAGR in the years to come.
North America accounted for the major
share of the global Legal Marijuana Market Size Analysis in 2016 and will
continue to lead in the forecast period North America is followed by Europe and
Asia-Pacific and it is anticipated to record at the highest CAGR in the
forecast period.
Some of the key players that fuel
the growth of the legal marijuana industry include Aphria, Inc.; Aurora
Cannabis; Canopy Growth Corporation; Maricann Group, Inc.; The Cronos Group;
Tilray; Organigram Holdings, Inc.; Tikun Olam, and ABcannMedicinals, Inc.;The
leading companies are taking up partnerships, mergers and acquisitions, and
joint ventures in order to boost the inorganic growth of the industry.
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aim to reach the highest levels of customer satisfaction. Our representatives
strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
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