Legal Marijuana Market to reach USD 100.75 Bn by 2029, emerging at a CAGR of 28.43 percent and forecast (2022-2029)

Legal Marijuana Market Report Scope and Research Methodology

The research methodology employed in this report ensures accurate and reliable insights into the Legal Marijuana Market. Extensive primary and secondary research was conducted, including interviews with key industry stakeholders, to gather qualitative and quantitative data. The data collected was thoroughly analyzed using various statistical tools and techniques to present a clear and comprehensive picture of the market landscape.

The report delves into the various segments of the Legal Marijuana Market, including Compound, Product Type, and Application. Market data, contributed by industry participants, is analyzed for regions such as North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report employs facts, figures, illustrations, and presentations to provide key data analysis for the period from 2017 to 2020. It examines the drivers, limitations, prospects, and barriers within the Legal Marijuana Market, offering investor recommendations based on a comprehensive competitive analysis.

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What are Legal Marijuana Market Dynamics?

The legal marijuana sector is being driven by the legalization of marijuana for both recreational and medical purposes, as well as the increasing acceptance of these treatments for chronic diseases. Changes in federal regulations in the United States are expected to contribute significantly to the growth of the legal marijuana market. Research and development efforts, as well as clinical trials, are fueling the market's expansion, with more therapies being commercialized. Additionally, the aging global population and the rising incidence of chronic conditions are driving the demand for medical marijuana. Furthermore, the anticipated increase in adult marijuana use is expected to boost the industry.

Strict government regulations on marijuana use and concerns over its short- and long-term health effects pose significant challenges to the growth of the legal marijuana market. Adverse side effects, such as talkativeness, laughter, dreaminess, stupor, and tiredness, are also perceived restraints. Proper education and marketing strategies are necessary to overcome these barriers and ensure the acceptance of based medical products.

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What is Legal Marijuana Market Segmentation?

By Compound
• Tetrahydrocannabinol (THC)-dominant

By Application
• Medical
• Recreational

By Product Type
• Flowers
• Concentrates
• Other Product Types (capsules, topicals, edibles, and beverages)

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Who are Legal Marijuana Market Key Players?

• Canopy Growth Corporation
• Aphria, Inc.
• Tilray
• ABcann Medicinals, Inc.
• The Cronos Group
• Maricann Group, Inc.
• Organigram Holding, Inc.
• Lexaria Corp.
• GW Pharmaceuticals
• Tikun Olam, Ltd.
• Organigram Holdings, Inc.
• Cresco Labs
• Indiva
• Hexo Corp.
• Ecofibre Limited
• Curaleaf Holdings
• Harvest Health and Recreation
• Green Thumb Industries
• TerrAscend

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Table of content for the Legal Marijuana Market includes:

1. Global Legal Marijuana Market: Research Methodology

2. Global Legal Marijuana Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Legal Marijuana Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Global Legal Marijuana Market Segmentation

• Global Market, by Compound (2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by Product Type (2021-2029)

5. Regional Legal Marijuana Market (2021-2029)

• Regional Market, by Compound (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Product Type (2021-2029)
• Regional Market, by Country (2021-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

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Regional Insights:

North America currently dominates the Legal Marijuana Market, with the highest market share in 2021. The region is expected to witness substantial growth throughout the forecast period, driven by the widespread usage of marijuana for medical, adult-use, and recreational purposes. The growing awareness of marijuana's potential medical benefits and the implementation of supportive policies in the United States will further fuel market expansion. Europe is projected to experience steady growth in the legal marijuana market due to progressive governmental policies and the legalization of marijuana for medical and adult use.

The Asia-Pacific region presents lucrative opportunities for the legal marijuana market, with increasing research and development activities focused on drug discovery using medical. The rising incidence of chronic diseases and growing awareness of the therapeutic benefits associated with medical are driving market growth in this region.

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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