Market Research Engine has published a new report titled as “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 2021-2027.”
Legal Marijuana Market is projected to grow up to USD 78.01 million by 2027 growing at a CAGR of 19.19% during the forecasting period 2021-2027.
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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.
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
- Chronic Pain
- Neurological Disorders
- North America
- Asia Pacific
- Rest of the World
The years considered for the study are as follows:
- Base year – 2020
- Estimated year – 2021
- Projected year – 2022
- Forecast period – 2021 to 2027
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
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Table of Contents:
- Legal MarijuanaMarket Introduction
1.1. Key Insights
1.2. Report Overview
1.3. Markets Covered
2. Research Methodology
3. Executive Summary
- Market Overview
5. By Type
6. By Product
7. By Applications
8. By Region
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
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
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