Global Legal Marijuana Market is accounted for $12.78 billion in 2017 and is expected to reach $75.69 billion by 2026 growing at a CAGR of 21.9% during the forecast period. Some of the key factors influencing the market growth include Growing legalization in various countries and rising adoption of cannabis as a medical product for treating conditions such as Parkinson’s disease, cancer, arthritis, and neurological disorders. However, stringent rules and regulations regarding the product sale and cultivation is restraining the market growth.
Based on the marijuana type, recreational is defined as any use of marijuana apart from medical purpose. Recreational use can range from it being a psychoactive drug to food ingredient. Few countries like Canada, Uruguay, Colombia, and some states in U.S. have legalized recreational cannabis. By Geography, North America is going to have a lucrative growth during the forecast period owing to the presence of a large customer pool and legalization of medical marijuana in U.S. and Canada. Currently 33 states in U.S. and District of Colombia have legalized cannabis in U.S. making it the largest market in the world.
The key players covered in this study
Cara Therapeutics
Cannabis Sativa
CannaGrow Holdings
United Cannabis
Growblox Sciences
GreenGro Technologies
GW Pharmaceuticals
Lexaria Corp
MMJ America
Medicine Man
Canopy Growth
Aphria
Aurora Cannabis Inc.
mCig Inc
https://www.wiseguyreports.com/reports/3451285-global-marijuana-market-insights-forecast-to-2025
Products Covered:
• Oils
• Tinctures
• Buds
Marijuana Types Covered:
• Recreational Marijuana
• Medical Marijuana
Medical Applications Covered:
• Cancer
• Mental Disorders
• Chronic Pain
• Other Medical Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
…
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
16 Appendix
Continued …
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