Report Id: PLMM0521
Legal Marijuana Market Size By Type(Medical, Recreational), By Product(Buds, Oils, Tinctures), By Application(Chronic Pain, Neurological Disorders, Cancer) By Region (North America, Europe, Asia Pacific, Rest of the World) Market Analysis Report, Global Forecast 2023-2028
Legal Marijuana Market is projected to grow up to US$ 93 million by 2028 growing at a CAGR of 19.19% during the forecasting period 2023-2028.
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Major Players
- Canopy Growth Corporation
- GW Pharmaceuticals, Plc
- Aphria Inc
- Aurora Cannabis
- Maricann Group Inc
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
19
REPORT DESCRIPTION
Marijuana, also known as cannabis, is a naturally happening psychoactive drug extracted from the cannabis plant. Marijuana may be used for recreational ormedical purposes. For medical purposes, it is used to decrease vomiting and nausea during chemotherapy as well as treat muscle spasms, chronic pain, and others. It is generallyused for treating mental disorders, chronic pain conditions and cancer treatment, migraine, diseases, arthritis, and other medical situations. The indication for the legitimate medical application of cannabinoids or marijuana is limited to few notably nausea or vomiting,indications, chemotherapy, HIV/AIDS cachexia, connected to neuropathic pain,and spasticity in multiple sclerosis. These medical applications are stimulating the growth of legal marijuana market across the world.The main developmentfeatures for the global legal marijuana market containrising intake of medical marijuana for chronic disease treatment and rapid rise in the legalization of marijuana. Furthermore, product development in several end-use industries across the world is further enhancing demand.Nevertheless, the illegality supply of marijuana is shackling the market growth for product development in many end-use industries across the world.
Legal Marijuana Market is projected to grow up to US$ 93 million by 2028 growing at a CAGR of 19.19% during the forecasting period 2023-2028.
Report Scope
The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The studyincludes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.
Major Market Players
The key players of the market are Canopy Growth Corporation, GW Pharmaceuticals, Plc., Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., The Cronos Group, Organigram Holding, Inc., ABcannMedicinals, Inc., The Hydropothecary Corp, and Lexaria Corp.
The Legal Marijuana Market report has been categorized as below
By Type
- Medical
- Recreational
By Product
- Buds
- Oils
- Tinctures
By Application
- Chronic Pain
- Neurological Disorders
- Cancer
- Others
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
The years considered for the study are as follows:
- Base year - 2022
- Estimated year - 2023
- Projected year – 2022
- Forecast period - 2023 to 2028
Key Questions Addressed by the Report
- New products/service competitors are exploring?
- Key players in the Legal Marijuanamarket and how extreme is the competition?
- What are the futuremarket trends that manufacturers are emphasizing on in the future updates?
- For each segment, what are the crucial opportunities in the market?
- What are the key growth strategies embraced by key market players in the market?
- What are the key success strategies adopted by major competitors in the market?
Why Buy this Report:
- Obtain comprehensive insights on the Legal Marijuana& market trends
- Note comprehensive analysis of the market status
- Identifies the market opportunities and growth segments
- Assessing business segments & product portfolios, and explain competitive dynamics
- Provide strategy planning and industry dynamics to strengthen decision making
Below are our New Reports :-
1. Legal MarijuanaMarket Introduction
1.1. Key Insights
1.2. Report Overview
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.4. Market Size Estimation
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Drivers and Restraints
5. By Type
5.1. Key Points
5.2. Medical
5.3. Recreational
6. By Product
6.1. Key Points
6.2. Buds
6.3. Oils
6.4. Tinctures
7. By Applications
7.1. Key Points
7.2. Chronic Pain
7.3. Neurological Disorders
7.4. Cancer
7.5. Others
8. By Region
8.1. Key Points
8.2. North America
8.3. Europe
8.4. Asia Pacific
8.5. Rest of the World
9. Company Profile
(Profile contain company overview, products/services, financials & recent developments)
9.1. Canopy Growth Corporation
9.2. GW Pharmaceuticals, Plc.
9.3. Aphria, Inc.
9.4. Aurora Cannabis
9.5. Maricann Group, Inc.
9.6. The Cronos Group
9.7. Organigram Holding, Inc.
9.8. ABcannMedicinals, Inc.
9.9. The Hydropothecary Corp
9.10. Lexaria Corp
The Legal Marijuana Market report has been categorized as below
By Type
- Medical
- Recreational
By Product
- Buds
- Oils
- Tinctures
By Application
- Chronic Pain
- Neurological Disorders
- Cancer
- Others
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Legal Marijuana Market?
The market is expected to grow at a CAGR of 19.19% during the study period (2023-2028)
How big is the Legal Marijuana Market value?
Legal Marijuana Market is projected to grow up to USD 95 million by 2028.
What is the segment’s covered for the Legal Marijuana Market?
The segment included in the Legal Marijuana Market is Type, Product, Application and Region.
Who are the major key vendors in the Legal Marijuana Market?
Some key players operating in the Legal Marijuana Market include Canopy Growth Corporation, GW Pharmaceuticals, Plc., Aphria, Inc., Aurora Cannabis, Maricann Group, Inc
What are the different forms of the report available?
We can offer several formats of the market research reports including,
• PDF
• PPT
• Spreadsheet/ Workbook
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