Press release
Legal Cannabis Market Emerging Trends, Industry Forecast, Segmentation and Top Technologies to 2024 Overview by Cannabis Concentrates, Cannabis Infused Foods and Cannabis Seeds Applications
Legal Cannabis Market Status
Legal Market Segment as follows: By Region - Global (Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru])
Legal marijuana has started gaining traction worldwide due to very high demand among consumers and increasing legalization of recreational or medical marijuana in various countries. Additionally, high public and private investment for research and the development of safer forms of ingesting marijuana such as tinctures, oils, vapes and other edibles are expected to positively reinforce market growth.
Increasing number of companies operating in the marijuana market is expected to bolster the quantity and variety of products reaching the end users. Products like marijuana oil have started gaining traction over the past few years owing to increased effectiveness and safety as compared to smoking it. Also, the growing research in cannabis industry has led to introduction of new marijuana strains. T
Summary
Key Content of Chapters (Including and can be customized)
Part 1: Market Overview, Development, and Segment by Type, Application & Region
Part 2: Global Market by company, Type, Application & Geography
Part 3-4: Asia-Pacific Market by company, Type, Application & Geography
Part 5-6: Europe Market by company, Type, Application & Geography
Part 7-8: North America Market by company, Type, Application & Geography
Part 9-10: South America Market by company, Type, Application & Geography
Part 11-12: Middle East & Africa Market by company, Type, Application & Geography
Part 13: Company information, Sales, Cost, Margin etc.
Part 14: Conclusion
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Global Legal Cannabis market is experiencing a staggering growth due to legalization of cannabis for medicinal purposes and increasing acceptance of these products. Companies involved in production and trade of cannabis and cannabis-based products are focusing on standardizing their products, as well as getting intellectual property rights for their products.
Key Companies
- Aurora Cannabis
- Canopy Growth Corporation
- Bhang Corporation
- Cannoid
- Elixinol
- Medical Marijuana
- Mentor Capital
- CBD American Shaman
- CV Sciences
- FOLIUM BIOSCIENCES
- IRIE CBD
- Meadow Care
- Pharmahemp
- Terra Tech
- NuLeaf Naturals
- United Cannabis
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Genetic advances in cannabis research is also expected to change the dynamics of the current cannabis market. The need to create consumer friendly products and to define their brand companies are looking to patent their products to create a unique consumer base. The growth rate can be attributed to the fact that various countries are now legalizing the usage of cannabis for medical purposes and various states in US are legalizing the usage of cannabis for recreational purposes as well.
Market by Type
- Cannabis Concentrates
- Cannabis Infused Foods
- Cannabis Seeds
Market by Application
- Medicinal Use
- Recreational Use
Legal marijuana market is witnessing strong technological and information exchange. Countries like Canada, the U.S., Germany and Australia are expected to emerge as leading markets in terms of sale, whereas, countries like Israel are focusing on research and technology development and are leveraging on knowledge transfer.
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