Press release
Legal Marijuana Market to Grow Significantly at a CAGR of 26.8% by 2026 | Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., mCig Inc
Legal Marijuana Market
The global Legal Marijuana market is valued at 13080 million US$ in 2020 is expected to reach 70100 million US$ by the end of 2026, growing at a CAGR of 26.8% during 2021-2026.
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.
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.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Legal Marijuana Market: Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., mCig Inc and others.
Latest Industry News:
April 20, 2020 - Medicine Man Technologies, a Denver-based multistate cannabis operator, is now calling itself Schwazze, an offshoot of a proprietary marijuana pruning technique developed by the company. The name change and corporate rebranding is designed to differentiate the company and "marks the next stage of our strategic growth," Shane Sampson, chief marketing officer, said in a news release Monday announcing the move.
April 16, 2020 - Canopy Growth is ceasing more cannabis cultivation in Africa, Canada, Colombia and the United States in a bid to "improve efficiencies" in its global operations, the once high-flying marijuana giant said Thursday. The Smiths Falls, Ontario, company also said it is eliminating 85 full-time positions. Almost half the workforce reduction is coming from the company's Colombian operations, Marijuana Business Daily has confirmed.
Global Legal Marijuana Market Split by Product Type and Applications:
This report segments the global Legal Marijuana market on the basis of Types are:
Indoor
Greenhouse
On the basis of Application, the Global Legal Marijuana market is segmented into:
Recreational
Medical
Regional Analysis For Legal Marijuana Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Legal Marijuana Market Report:
-Comprehensive assessment of all opportunities and risk in the Legal Marijuana market.
-Detailed study of business strategies for growth of the Legal Marijuana market-leading players.
-Conclusive study about the growth plot of Legal Marijuana market for forthcoming years.
-In-depth understanding of Legal Marijuana market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Legal Marijuana market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Legal Marijuana Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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We Also Offer Customization on report based on specific client Requirement:
- Free country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
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https://www.marketinsightsreports.com/reports/01131750325/global-cannabis-cultivation-market-research-report-2020?source=openpr&Mode=07
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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