Legal Marijuana Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis

New York, Global Legal Marijuana Market report from Global Insight Services is the single authoritative source of intelligence on Legal Marijuana Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Read more about Legal Marijuana Market here: https://www.globalinsightservices.com/reports/legal-marijuana-market/

Since the early 1900s, marijuana has been regulated as a drug in the United States, with laws prohibiting its use, sale, and cultivation. In recent years, however, a number of states have legalized marijuana for medical or recreational use. This change in policy has led to a new industry of legal marijuana businesses, which are developing innovative technologies to support the cultivation, sale, and use of marijuana.

Key Trends
The legal marijuana market is growing rapidly as more and more states legalize the use of marijuana for medicinal and recreational purposes. The market is expected to continue to grow in the coming years as more states legalize marijuana and as the stigma surrounding marijuana use continues to dissipate.

Some of the key trends in the legal marijuana market include:

1. Increased demand for high-quality marijuana: As the legal marijuana market grows, there is an increasing demand for high-quality marijuana. This is especially true for medical marijuana patients who need a consistent and potent product.

2. More sophisticated cultivation methods: As the demand for high-quality marijuana increases, growers are using more sophisticated cultivation methods to produce better yields. This includes using hydroponic systems and LED lighting.

Request free sample copy of this research study: https://www.globalinsightservices.com/request-sample/GIS10027/

Key Drivers
The therapeutic applications of marijuana are expected to drive the market growth. The plant contains more than 100 active canna*binoids, which are responsible for its therapeutic effects. These canna*binoids interact with the endocanna*binoid system of the human body, which is responsible for regulating various physiological and cognitive processes. The therapeutic benefits of marijuana include pain relief, anti-inflammatory, anti-anxiety, and anti-seizure properties.

The recreational use of marijuana is another key driver of the legal marijuana market. The use of marijuana for recreation is legal in several countries including Canada, Uruguay, and some states in the US. The recreational use of marijuana is associated with several benefits such as stress relief, increased creativity, and improved sleep. In addition, the legalization of recreational marijuana is expected to drive the market growth.

Market Segments
By Product Type

-Flower
-Oil and Tinctures

By Application

-Medical
-Chronic Pain
-Cancer
-Depression and Anxiety
-Arthritis
-Diabetes
-Glaucoma
-Migraines
-Epilepsy
-Multiple Sclerosis
-AIDS
-Amyotrophic Lateral Sclerosis
-Alzheimer's
-Post-traumatic Stress Disorder (PTSD)
-Parkinson's
-Tourette's
-Others

Adult Use

Key Players
1. Canopy Growth Corporation
2. Aurora Canna*bis
3. Aphria Inc.
4. Tilray
5. Green Organic Dutchman Holdings Ltd.

Purchase your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS10027/

With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology

Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm
headquartered in Delaware, US. We are committed to providing our clients
with highest quality data, analysis, and tools to meet all their market research
needs. With GIS, you can be assured of the quality of the deliverables, robust
& transparent research methodology, and superior service.

This release was published on openPR.