Data Bridge Market Research analyses that the legal marijuana market, which was USD 27.7 billion in 2022, would rise to USD 127.49 million by 2030 and is expected to undergo a CAGR of 21% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. What's more legal marijuana market report presents the data and information for actionable, most recent and real-time market insights which makes it easier to even take critical business decisions.
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Market Definition:
Marijuana signifies the dried leaves, stems, flowers, and seeds from the cannabis sativa or cannabis indica plant. It is also commonly known as cannabis. This plant is generally used as a recreational drug for numerous diseases. The legality of marijuana for recreational and medical is being done across many regions concerning its cultivation, possession, and distribution.
Market Overview:
In the past few years, the use of marijuana as a recreational drug has been proven in many countries. Countries such as Uruguay, Canada, and numerous U.S. states have legalized the production, sale, and ownership of marijuana for medical and recreational usage. Several studies were carried out, which showed that medical marijuana and its derivatives could be used to treat symptoms of numerous diseases such as chemotherapy-induced nausea, chronic pain, Parkinson's, Alzheimer's, and other neurological diseases.
Market Scope and Size:
The legal marijuana market is segmented on the basis of species, strains, type, application, product type, purchase channel, and end user.
Species
- Sativa
- Indica
- Hybrid
Strains
- THC
- CBD
Type
- Recreational Marijuana
- Medical Marijuana
Application
- Chronic Pain
- Mental Disorders
- Cancer
- Others
Product Type
- Buds / marijuana Flower
- Cannabis Extracts
- Oil
- Tinctures
- Others
Purchase Channel
- Online
- Offline
End-User
- Pharmaceutical
- Food
- Beverages
- Tobacco
- Personal Care
- Research and Development Centers
Country Level Analysis:
The countries covered in the legal marijuana market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Key Players:
Some of the major players operating in the legal marijuana market are:
- VIVO Cannabis Inc. (Canada)
- Hemp Me. (Ireland)
- QC Infusion (U.S.),
- Hemp Production Services (Canada)
- Green Roads (U.S.)
- Royal CBD (U.S.)
- CV Sciences, Inc. (U.S.)
- Gaia Herbs Farm (U.S.)
- SPRING CREEK LABS (U.S.)
- Isodiol International Inc (Canada)
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TABLE OF CONTENTS:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Continue………
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