Legal Marijuana Market Outlook To 2024 – Global Market Research Reports

The global legal marijuana market was valued at $14.3 bn in 2016 and is forecast to grow at a CAGR of 21.1% between 2017 and 2024, culminating in 2024 global sales of $63.5bn.

The legal marijuana market is witnessing robust growth owing to the increasing legalization and decriminalization of marijuana across North America and Europe. The rising demand of marijuana for recreational use and medical use is a key factor driving the growth. Due to the complex regulatory structure at state level and federal level, the full potential of the market is not yet realized.

In the U.S., 44 states have different cannabis laws however, cannabis is illegal as per federal law. The U.S. federal law regulates cannabis as per the Controlled Substances Act (CSA), and this act does not differentiate between recreational and medical cannabis. The CSA classifies marijuana as a Schedule I drug which under federal views is highly addictive with no medical value.

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Table Of Content:

1. Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources

2. Executive Summary

3. Legal marijuana Market Overview
3.1 Marijuana Market Ecosystem
3.2 Key Stakeholders
3.3 Industry Trends&Analysis

4. Legal Marijuana Market Industry Outlook

4.1 Legal Marijuana Market Overview
4.1 Legal Marijuana Market Segmentation
4.2 Legal Marijuana Market Size & Growth Prospects
4.3 Legal Marijuana Market Analysis by End-Use
4.4 Legal Marijuana Market Analysis by Product
4.5 Legal Marijuana Market Analysis by Application
4.6 Key Market Drivers
4.6.1 Growing support for legalization in U.S. states and European nations.
4.6.2 Increasing number of cancer patients
4.6.3 High taxation benefits to the state economy
4.7 Key Market Challenges/ Restraint
4.8 Unfavorable marijuana laws
4.9 Technology transfer and IPR issues
4.10 Key Market Opportunities
4.11 Growing support for medical marijuana
4.12 Major Trends &Issues
4.13 Penetration & Growth Prospects
4.14 Industry Analysis - Porter’s
4.15 Legal Marijuana Market-PESTEL Analysis

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