Press release
Legal Marijuana Market Is Expected to Reach USD 79.16 Billion By 2030 : Cognitive Market Research
Legal Marijuana Market Is Expected to Reach USD 79.16 Billion By 2030 : Cognitive Market Research
- Marijuana is a plant piece, which is a dried green, brown, and grey mixture. Marijuana is commonly used as a recreational drug for different types of illnesses. In addition, these are legal for recreational and medical use, and cultivation, possession, and distribution in many countries.
Summary:
• As per our Study, Legal Marijuana Market Size Was Valued at USD 18.51 Billion In 2022 And Is Expected to Grow at A CAGR Of 17.91 % During the Forecast Period, Reaching USD 79.16 Billion By 2030.
• Based on application, the medical segment has the largest revenue share in the legal marijuana market.
• North America has the largest revenue share in the legal marijuana market.
"To know more The Legal Marijuana Market statistics click here: https://www.cognitivemarketresearch.com/legal-marijuana-market-report
Market Dynamics:
- Increasing social acceptance of marijuana and the emergence of medicinal marijuana as an alternative to conventional medicine are major factors expected to growth of the legal marijuana market. Furthermore, increasing investments in R&D activities will create growth opportunities for the legal marijuana market in the forecast period. However, increasing the use of marijuana for recreational purposes and its harmful effect on people's health is a key factor expected to restrict the growth of the legal marijuana market.
Segmentation Analysis:
Product Type:
• Flower Buds
• Oils
• Tinctures
• Others
Application:
• Recreational
• Medical
Based on application, the medical segment has the largest revenue share in the legal marijuana market. This is due to the increasing demand for marijuana as a pain reliever for a range of medical ailments such as cancer, AIDS, seizures, and other disorders. These are key factors expected to drive the growth of the medical segment.
The Major Players in Legal Marijuana Market are:
Medicine Man, Canopy Growth, Aphria, Aurora Inc., mCig Inc
Get free sample pages of latest published Legal Marijuana Report: https://www.cognitivemarketresearch.com/legal-marijuana-market-report#request_sample
Regional Analysis:
- North America accounted for the largest share of the legal marijuana market
North America has the largest revenue share in the legal marijuana market. This is attributed to the government legalizing marijuana for medical and adult use or recreational use and increasing the production of marijuana in the region.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Legal Marijuana Market
Chapter 4 Global Legal Marijuana Market Overview
• 4.1 Legal Marijuana Introduction
• 4.2 Global Legal Marijuana Market Statistics by Regions (2018-2030)
4.2.1 North America Legal Marijuana Market Share, Status and Prospect (2018 - 2030)
4.2.2 Europe Legal Marijuana Market Share, Status and Prospect (2018 - 2030)
4.2.3 Asia Pacific Legal Marijuana Market Share, Status and Prospect (2018 - 2030)
4.2.4 Latin America Legal Marijuana Market Share, Status and Prospect (2018 - 2030)
4.2.5 Middle East and Africa Legal Marijuana Market Share, Status and Prospect (2018 - 2030)
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Legal Marijuana Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Legal Marijuana Industry Mergers and Acquisition Analysis
• 5.2 Global Legal Marijuana New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Legal Marijuana Market by Product Type Segmentation Analysis (2018-2030)
Chapter 9 Global Legal Marijuana Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Legal Marijuana Market Regional Analysis
Chapter 11 North America Legal Marijuana Market Outlook (2018 - 2030)
Chapter 12 Europe Legal Marijuana Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Legal Marijuana Market Outlook (2018 - 2030)
Chapter 14 Latin America Legal Marijuana Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Legal Marijuana Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Legal Marijuana Market TOC click here: https://www.cognitivemarketresearch.com/legal-marijuana-market-report#table_of_contents
Related Report:
• Marijuana Oil Market - https://www.cognitivemarketresearch.com/marijuana-oil-market-report
• Industrial Marijuana Market - https://www.cognitivemarketresearch.com/industrial-marijuana-market-report
• Medical Marijuana Market - https://www.cognitivemarketresearch.com/medical-marijuana-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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