Legal Marijuana Market Global Industry Outlook, Analysis, Size, Share, Growth, Trends and Forecast

This Legal Marijuana Market report provides with CAGR value fluctuation during the forecast period of 2018-2025 for the market. Legal Marijuana Market report contains myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, drivers, restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. With the particular base year and the historic year, certain estimations and calculations are performed in this Legal Marijuana Market report.

Key Players In Global Legal Marijuana Market Includes CANOPY GROWTH CORPORATION, AURORA CANNABIS, MEDMEN, TERRA TECH CORP., APHRIA, VIVO CANNABIS INC., THE CRONOS GROUP, MEDICAL MARIJUANA, INC, STENOCARE A/S, CANNABIS SCIENCE INC., Maricann Group Inc, Tilray Inc and Hexo.

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The global legal marijuana market is estimated at $ 124.28 billion by 2028. It is expected to show an annual growth rate of 24.4%. Market growth is expected to accelerate with the adoption of cannabis as a drug for the treatment of diseases such as Parkinson's disease, cancer, arthritis and neurological disorders.

The demand for medical marijuana is expected to increase as the adoption of cannabis increases in the treatment of serious medical conditions such as cancer, Parkinson's disease, Alzheimer's disease, arthritis, and other neurological diseases. Demand is expected to increase due to an increasing need for pain management therapy and an increase in disease due to chronic pain in the elderly. In some countries, legalization and decriminalization of medicinal marijuana has dramatically reduced the black market and legally purchased medicinal and recreational cannabis. Government revenue from taxation is also considered an opportunity for the state to earn income. If there are large customer pools in the US and Canada and medical marijuana is legalized, product demand in North America is expected to increase

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The latest trend in the legal marijuana market is cross-border online shopping, especially in emerging markets. Attractive offers, desired product availability, and specialty products have spurred the cross-border legal marijuana market, thereby increasing the demand for legal marijuana. Cross-border legal marijuana includes online shopping for goods in certain countries and then shipped overseas. Import and export activities increased due to the liberalization of trade activities between countries. Some emerging economies, such as China, Brazil and India, are opening up markets to other countries to accelerate legal marijuana growth prospects due to increased foreign consumption.

Market segmentation based on Type

Medical,Recreational,Product,Buds,Oils,Tinctures

Market segmentation based on Application

Chronic Pain,Mental Disorders,Cancer,Others

The market is highly fragmented due to the presence of many multinational, regional and local suppliers. Local players are struggling with international players by offering innovative solutions at low prices, leading to price competition in the market. Vendors have great potential for growth due to rapid changes in consumer consumption patterns, increasing legal distribution of marijuana, and consumer and retail growth.

Executive Summary: Legal Marijuana Market

1 Legal Marijuana Market Overview

2 Global Legal Marijuana Market Competition by Manufacturers

3 Global Legal Marijuana Production Market Share by Regions

4 Global Legal Marijuana Consumption by Regions

5 Global Legal Marijuana Production, Revenue, Price Trend by Type

6 Global Legal Marijuana Market Analysis by Applications

7 Company Profiles and Key Figures in Legal Marijuana Business

8 Legal Marijuana Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Global Legal Marijuana Market Forecast

12 Research Findings and Conclusion

13 Methodology and Data Source

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