Press release
Legal Marijuana Market Size, Share, Development by 2023
The commercial marijuana industry exists on a state-by-state basis, and all medical and recreational programs are technically in violation of federal drug laws. The U.S. Department of Justice issued some guidelines in recent years that helped the marijuana industry gain traction, but these are not legally binding and could theoretically be nullified at any time.
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Global Legal Marijuana Market: Forecast by Type / Application / Region
A medicinal cannabis product refers to a product which includes cannabis, and its chemical components (cannabinoids), that can be used for curing, or alleviating the symptoms of disease, ailment or injury.The two main cannabinoids that have been identified for therapeutic application are the psychoactive 9-tetrahydrocanabinol (THC) and non-psychoactive Cannabidiol (CBD).
The global average price of Legal Marijuana is in the decreasing trend, from 11.92 USD/g in 2012 to 7.5 USD/g in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Legal Marijuana includes Classical Media & Salts, Serum-free Media
Stem Cell Media, and the proportion of Classical Media & Salts in 2016 is about 50.07%, and the proportion is in decreasing trend from 2012 to 2017.
Market competition is not intense. Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc. and mCig Inc are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
Over the next five years, LPI(LP Information) projects that Legal Marijuana will register a 28.0% CAGR in terms of revenue, reach US$ 35000 million by 2023, from US$ 7970 million in 2017.
Global Legal Marijuana Market: Key Players
Medicine Man
Canopy Growth
Aphria
Aurora Cannabis Inc.
mCig Inc
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Related Information:
United States Legal Marijuana Market Research Report 2018
Europe Legal Marijuana Market Research Report 2018
North America Legal Marijuana Market Research Report 2018
Asia-Pacific Legal Marijuana Market Research Report 2018
China Legal Marijuana Market Research Report 2018
EMEA Legal Marijuana Market Research Report 2018
Global Legal Marijuana Market Research Report 2018
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