Important Thing You Need To Know About LEGAL MARIJUNA Market in Upcoming Market 2023 | Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., so on.

In-detial Legal Marijuana Market Report 2018-2023:

Some About Legal Marijuana:
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.

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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).

Scope of the Report:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. This report focuses on Top manufacturers in Global Market, with production, price, revenue and market share for each manufacturer, covering
Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., mCig Inc, so on.

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Indoor - Greenhouse

By Application, the market can be split into
• Recreational - Medical - Others

Reasons to Buy this Medical
- What are the key changes happening in the Legal Marijuana Company?
- What players are making significant new moves in the Organisation?
- Are there any opportunities arising out of major industry trends?
- What new products are starting to gain traction with consumers?
- What threats might hit the major players over the coming years (2018-2023)?

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This release was published on openPR.