Press release
Legal Cannabis Market Valued $110.7 Mn by 2026 | A report by Canopy Growth Corporation Aurora Cannabis, Medmen, Terra Tech Corp, Aphria Inc., Vivo Cannabis, Chronos Group, Medical Marijuana and others
The legal cannabis report further explains the exclusive terminologies like the market definition, classifications, applications, engagements, and global reach is for the legal cannabis industry while providing a CAGR forecast for the period of 2019 and 2026.
Market Analysis:
Legal Cannabis market is expected to rise from its initial estimated value of USD 13.4 million in 2018 to an estimated value of USD 110.7 million by 2026, registering a CAGR of 32.2% during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of plant protein amid rising amount of health concerns and veganism worldwide.
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Key Competitors:
• Canopy Growth Corporation Aurora Cannabis
• Medmen
• Terra Tech Corp
• Aphria
• Vivo Cannabis
• Chronos Group
• Medical Marijuana
• Stenocare
• Tikun Olam
• Organigrams Holding
• Cannabis Science
• Maricann Group
• Tilray
• Hexo
• Scotts Miracle-Gro
• GW Pharmaceuticals PLC
• MedReLeaf
• Insys Therapeutics
• CanniMed Therapeutics
• Cara Therapeutics
Get Detailed TOC @ https://databridgemarketresearch.com/toc/?dbmr=global-cannabis-market
Market Drivers & Restraints:
• Growing medicinal application of cannabis
• Increasing legalization of cannabis
• Complex regulatory structure for the usage of cannabis
Segmentation:
Product Type
• Flower
• Concentrates
Application
• Medical
• Recreational
Compound
• Tetrahydrocannabinol (THC)-Dominant
• Cannabidiol (CBD)-Dominant
• Balanced THC & CBD
• and more
Key Developments in the Market:
• In December 2017, Health Canada provided licenses to two Quebec based cannabis production facilities.
• November 2017, Ohio Department of Commerce provided 12 provisional large-scale medical cannabis cultivation licenses.
Competitive Analysis:
Global Legal Marijuana market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cannabis market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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