openPR Logo
Press release

Global Legal Marijuana Market 2019 Opportunities, Industry Trends, Size, Sales, Demand and Forecast to 2026

10-24-2019 10:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: AllTheResearch

Growing Legal marijuana adoption as a pharmaceutical product to treat severe medical conditions such as cancer, Parkinson's disease, Alzheimer's disease, arthritis, and other neurological conditions as well as growing intake of medical marijuana for chronic disease treatment and rapid rise in the legalization of marijuana across developed countries are the main growth factors for the legal marijuana market.

The global legal marijuana market was valued at USD XX billion in 2018 and is expected to reach USD XX billion in 2026, growing at a CAGR of 21.2% during the forecast period.

Legal marijuana market growth has risen income considerably for dispensary owners as well as breeders and governments. Furthermore, for recreational purposes, the growing popularity of legal marijuana increases market competition and business prospects for several suppliers. In some regions, legalizing medical marijuana and decriminalizing it has led to a major fall in the black market as individuals resort to legal cannabis purchases for both medical and recreational use.

Get a Sample Copy @ https://www.alltheresearch.com/sample-request/204

Medical marijuana legalization in developing nations and growth in the expenditure for the development of legal marijuana across the healthcare sectors to meet the successful remedy for the cure of dangerous diseases such as cancer and bones joints are expected to increase the demand for medical marijuana as a replacement for traditional medicines.

However, the development of this industry worldwide could be affected by rigorous regulatory and approval processes, complicated distribution channels and high product price. Vendors are introducing various products such as tablets based on marijuana and topical apps to boost marijuana sales. The key vendors are also engaged in developing cannabis-containing food products, which is the consumer's preferred mode of consumption.

In the global legal marijuana market, the high prices of legal marijuana and limited legalization of across the commercial sectors are expected to hamper the growth of the market during the forecast period.

Top Key Players
The major players operating in the global legal marijuana market are Aphria Inc. (Canada), MedReLeaf Corp. (Canada), Sprott Inc.(Canada), Scotts Miracle-Gro Co.(US), Canopy Growth Corp.(Canada), GW Pharmaceuticals PLC (UK), Aurora Cannabis Inc.(Canada), Insys Therapeutics Inc. (US) and CanniMed Therapeutics Inc. (Canada) among others.

Speak to Our Expert @ https://www.alltheresearch.com/speak-to-analyst/204

Key Findings:
• Based on the product type, the concentrate segment is predicted to hold nearly 25% in the global legal marijuana market in 2018

• Based on the application, the cancer segment is expected to grow at the highest CAGR of around 28.5% in the global legal marijuana market

• In 2018, North America is expected to hold the highest market share of 46% in the global legal marijuana market

Recent News:
• In September 2018 Aphria Inc. has acquired LATAM Holdings. This acquisition would provide the business expansion across Colombia, Argentina, Jamaica, and Brazil in South America and the Caribbean.

• In October 2018, Canopy Growth Corporation's wholly owned subsidiary, Spectrum Cannabis (Canada), signed up a partnership agreement with the Ontario Long Term Care Association (OLTCA) for the Pilot cannabis study in Canada.

The demand from North America is anticipated to stay the highest and expected to register approximately 46% market share in 2018. The growth in the region is due to the existence of a big customer pool and the legalization of medical marijuana in the U.S. and Canada. However, legalization in European countries, accompanied by stringent sales and cultivation laws and regulations, may limit Europe's general development and, in turn, the worldwide market. North America represented the biggest share of the revenue in 2018.

For all your Research needs, reach out to us at:
39180 Liberty Street Suite 110, Fremont, CA 94538, USA
Email: contactus@alltheresearch.com
US: 1-888-691-6870

About AlltheResearch:

AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it’s not just sheer data-points, but the right analysis that creates a difference.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Legal Marijuana Market 2019 Opportunities, Industry Trends, Size, Sales, Demand and Forecast to 2026 here

News-ID: 1856172 • Views: 608

More Releases from AllTheResearch

AI in Automotive Market will Register a Significant CAGR During Period 2020-2026 …
The Global AI in Automotive Market Ecosystem was valued at was valued at US$ 21.8 Bn in 2018 and will see substantial growth by USD 28.1 billion with 23.5% of CAGR by 2027.. The ripple effect of Coronavirus-COVID19 on the AI in Automotive Market Ecosystem needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the
COVID-19 Impact: How will Grow the Digital Commerce Platform Market in Next Few …
The Global Digital Commerce Platform Market is expected to reach US$ xx million by the year 2023, growing at a CAGR of approximately 13.2% by 2027. Market reports under the Digital Commerce Platform industry are supported by various macro and micro economic factors impacting the industry. We browse through historical data and provide an overview of the emerging markets and the next big opportunities for investors within the niche market. Increasing
Global Ultrasound Guided Breast Biopsy Device Market 2020 by top Companies: Argo …
The Global Ultrasound Guided Breast Biopsy Device Market Ecosystem was valued at US$ 1951 Mn in 2018 and is expected to reach US$ XX Bn by the year 2026, growing at a CAGR of 37% by 2027. The ripple effect of Coronavirus-COVID19 on the Ultrasound Guided Breast Biopsy Device Market Ecosystem needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance
AR VR in Healthcare Market 2020 Will Emerge Globally And Grow With High CAGR of …
The Global AR VR in Healthcare Market Ecosystem was valued at US$ 429.6 Mn in 2018 and is expected to reach US$ 2,547.6 Mn by the year 2026, growing at a CAGR of 42.1% by 2023. The ripple effect of Coronavirus-COVID19 on the AR VR in Healthcare Market Ecosystem needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all

All 5 Releases


More Releases for Canada

Employee Benefits in Canada 2018
The Canadian social security system covers various programs, many of which are run by the country's provinces and territories. In general, benefits are similar across all provinces and territories; however, Quebec implements its own pension plan. The government provides financial support to provincial and territorial governments through four main transfer programs-the Canada Health Transfer (CHT), the Canada Social Transfer (CST), and Equalization and Territorial Formula Financing (TFF)-to help them provide
CBF Management, Canada
'''CBF Management''' is the doing-business-as name of CBF Management/CBF and currently a non-franchisor selling and supporting post construction cleaning services, janitorial, commercial, residential, and floor care services through the [[Canada]], and 2 other countries using the “CBF Management” trademarks and systems to commercial services. Company History and Key Dates *2006 – CBF Management Company founded in Vancouver, British Columbia, as a floor care company by Harpreet Sandhu, a former track athlete. *2008 –
Jewellery Market in Canada
Summary This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Jewellery in Canada Market. Description Producers of fine jewellery brands continue to invest and expand across Canada, bringing more competition. In late 2016, David Yurman introduced its high jewellery collection at Holt Renfrew in Vancouver, featuring by-appointment-only pieces. It also aims to open more outlets in luxury
Medium & Heavy Trucks in Canada
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Canada to its growing collection of premium market research reports. Medium & Heavy Trucks in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Agrochemicals Market in Canada
ReportsWorldwide has announced the addition of a new report title Canada: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Canada: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Consumer Payments Country Snapshot: Canada
ReportsWorldwide has announced the addition of a new report title Consumer Payments Country Snapshot: Canada 2016 to its growing collection of premium market research reports. In spite of being a highly mature market, Canada provides increasing opportunities for digital and mobile payment providers to develop innovation. Canada is a developed payment card market due to its robust economy and high level of card penetration. While the market has a high level