Legal Marijuana Market: Evaluation and Epidemiology along with Forecast till 2027 | Key Players: Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., mCig Inc

Growing legalization in various countries is primarily driving the market. Furthermore, rising adoption of cannabis as a medical product for treating conditions, such as Parkinson's disease, cancer, arthritis, and neurological disorders is also expected to fuel revenue growth in the forthcoming years.

Increasing disease burden of chronic pain and growing need for effective pain management remedies on the global scale is expected to amplify the demand for legal cannabis. Similarly, high prevalence of cancer is expected to be one of the factors driving the demand.

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Growing disease burden of chronic pain and increasing demand for pain management therapies and significant side effect associated with opioid usage are expected to drive the demand for medical cannabis, which has proved to be a potent product for chronic pain management.

Legalization of medical marijuana and decriminalization in some countries has led to a significant decrease in the black market, as people are resorting to legally purchasing cannabis for medical as well as recreational use. Moreover, government earnings through taxation is further viewed as an opportunity for countries to earn high revenues.

Based on medical application areas, the market is broadly categorized into chronic pain, mental disorders, cancer, and others. The largest application segment is chronic pain. Mental disorders segment is expected to emerge as the fastest growing segment by the end of the forecast period. The other applications includes several health conditions such as arthritis, multiple sclerosis, muscle spasms, nausea, HIV/AIDS, muscular dystrophy, Irritable Bowel Syndrome (IBS), kidney failure, and migraines. The other applications account for a significant market share, as millions of people suffer from at least one of these conditions.

The regional landscape of the medical cananbis market comprises North America, Europe, and RoW (RoW). Owing to the presence of a large cusotmer pool and legalization of medical marijuana in U.S. and Cananda, the demand from North America is expected to remain the highest. North America accounted for the largest reveunue share in 2018.

The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Legal Marijuana by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Key players operating in the Legal Marijuana market include Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., mCig Inc

Type Outlook
Medical
Recreational

Medical Application Outlook
Chronic Pain
Mental Disorders
Cancer
Others

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Table of Content
1 Industry Overview
2 Industry Environment (PEST Analysis)
3 Legal Marijuana Market by Type
4 Major Companies List
4.1 Medicine Man (Company Profile, Sales Data etc.)
4.1.1 Medicine Man Profile (Table Medicine Man Overview List)
4.1.2 Medicine Man Products & Services
4.1.3 Medicine Man Business Operation Conditions
Table Business Operation of Medicine Man (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
5 Market Competition
6 Demand by End Market
7 Region Operation
8 Marketing & Price
9 Research Conclusion

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