Press release
Know How Legal Marijuana Market Is Thrive Highly With Top Key Vendors Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., Mcig Inc
Worldwide Market Reports has announced the addition of the “Global Legal Marijuana Market Size Status and Forecast 2024”, The report classifies the global Legal Marijuana Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.Marijuana is one of the most abused drugs in the world.
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.
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).
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Scope of the Report:
This report focuses on the Legal Marijuana in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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.
The worldwide market for Legal Marijuana is expected to grow at a CAGR of roughly 28.0% over the next five years, will reach 35000 million US in 2023, from 7970 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Medicine Man
Canopy Growth
Aphria
Aurora Cannabis Inc.
mCig Inc
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Market Segment by Type, covers
Indoor
Greenhouse
Market Segment by Applications, can be divided into
Recreational
Medical
Table of Contents
1 Legal Marijuana Market Overview
2 Manufacturers Profiles
3 Global Legal Marijuana Market Competition, by Players
4 Global Legal Marijuana Market Size by Regions
5 North America Legal Marijuana Revenue by Countries
6 Europe Legal Marijuana Revenue by Countries
7 Asia-Pacific Legal Marijuana Revenue by Countries
8 South America Legal Marijuana Revenue by Countries
9 Middle East and Africa Revenue Legal Marijuana by Countries
10 Global Legal Marijuana Market Segment by Type
11 Global Legal Marijuana Market Segment by Application
12 Global Legal Marijuana Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
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About Us:
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.
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Worldwide Market Reports
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