Legalized Cannabis Market by Major Players| Legalized Cannabis Market: Key Players, Aurora Cannabis Inc., Aphria Inc., and More...

Legalized Cannabis Market

Cannabis comes from a group of three plants with psychoactive properties, known as cannabis Indica, cannabis Sativa, and cannabis ruderalis. These plants are also classified as cannabinoid drugs and contain active chemicals such as delta-9 tetrahydrocannabinol) and CBD (Cannabinol). Cannabis is a depressant drug used to slow down CNS activity. Thus, it is used for relaxation, euphoria, and increasing appetite.

Attributing to its psychoactive properties, cannabis has taken root in various sectors, including healthcare, consumer goods, pharmaceutical, textile, and agriculture. However, if taken in large quantities, cannabis can cause hallucinogenic effects. It is often referred to with different names or slangs depending on the region; some of these include grass, pot, joint, stick, buckets, hash, herb, mull, buddha, ganja, skunk, hydro, yarndi, smoke weed, reefer, dope comes, and hooch.

The Major Players Covered in this Report:
Aurora Cannabis Inc.
Aphria Inc.
Canopy Growth Corporation
MedReleaf Corp
The Cronos Group
GW Pharmaceuticals plc
CannTrust Ltd.
VIVO Cannabis Inc.
Tilray
Organigram Holdings Inc.
MARICANN Inc.
Lexaria
Bioscience Corp
The Scotts Company LLC
Hemp Inc.
22nd Century Group Inc. 

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By Usage, Medical , Recreational , Industrial Hemp By Form, Bud , Oil , Tincture By Application, Chronic Pain , Mental Disorders , Cancer , Others

Product Life Cycle

Cannabis is one of the most commonly cultivated, trafficked, and illicit drugs and is primarily used for medicinal and recreational purposes. Some of the prominent pharmaceutical companies and medical drug manufacturers use cannabis to create medicines that are helpful in controlling/reducing severe or long-term pain, nausea, and vomiting due to chemotherapy, Parkinson’s disease, glaucoma, neuropathy, and others. These advantages have led to the legalization of cannabis in many countries, but only as synthetic prescription cannabinoid products. For recreational purposes, cannabis is still considered illegal in many countries. For instance, Montana, North Dakota, Arizona, and Pennsylvania are some of the states where cannabis is used for only medicinal purposes.

The short-term benefits such as joy, relaxation, and an increase in appetite after consuming marijuana drive the growth of marijuana consumption in several countries. Uruguay was the first country to legalize recreational cannabis in 2013, followed by Canada in 2018.

Regional Analysis For Legalized Cannabis 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)

In this study, the years considered to estimate the market size of the Legalized Cannabis are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Legalized Cannabis in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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