2030 Legal Marijuana Market Key Opportunities and Forecast Up to 2030

Data Bridge Market Research analyses that the Legal Marijuana Market, which was USD 27.7 billion in 2022, would rise to USD 127.49 million by 2030 and is expected to undergo a CAGR of 21% during the forecast period 2023 to 2030.
Industry Analysis
In the past few years, the use of marijuana as a recreational drug has been proven in many countries. Countries such as Uruguay, Canada, and numerous U.S. states have legalized the production, sale, and ownership of marijuana for medical and recreational usage. Several studies were carried out, which showed that medical marijuana and its derivatives could be used to treat symptoms of numerous diseases such as chemotherapy-induced nausea, chronic pain, Parkinson's, Alzheimer's, and other neurological diseases.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Marijuana signifies the dried leaves, stems, flowers, and seeds from the sativa or indica plant. It is also commonly known as c. This plant is generally used as a recreational drug for numerous diseases. The legality of marijuana for recreational and medical is being done across many regions concerning its cultivation, possession, and distribution.
Global Legal Marijuana Market Scope
The legal marijuana market is segmented on the basis of species, strains, type, application, product type, purchase channel, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Species
• Sativa
• Indica
• Hybrid
Strains

Type
• Recreational Marijuana
• Medical Marijuana
Application
• Chronic Pain
• Mental Disorders
• Cancer
• Others
Product Type
• Buds / marijuana Flower

• Oil
• Tinctures
• Others
Purchase Channel
• Online
• Offline
End-User
• Pharmaceutical
• Food
• Beverages
• Tobacco
• Personal Care
• Research and Development Centers
Legal Marijuana Market Regional Analysis/Insights
The legal marijuana market is analyzed and market size insights and trends are provided by species, strains, type, application, product type, purchase channel, and end user as referenced above.
The countries covered in the legal marijuana market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the legal marijuana market due to government regulations and the legalization of marijuana for medical and adult (recreational) use within the region. It is further boosted by the presence of most of the major market
Asia-Pacific is expected to grow significantly due to the increasing demand in these regions. Numerous countries are in the Asia Pacific region. Countries with a large elderly population will fast approve the legalization process due to its medicinal value, which can increase the industry's growth in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Legal Marijuana Market Share Analysis
The legal marijuana market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to legal marijuana market.
Some of the major players operating in the legal marijuana market are:

• Dr. Hemp Me. (Ireland)
• QC Infusion (U.S.),
• Hemp Production Services (Canada)
• Green Roads (U.S.)
• CV Sciences, Inc. (U.S.)
• Gaia Herbs Farm (U.S.)
• SPRING CREEK LABS (U.S.)
• Isodiol International Inc (Canada)
• Medical Marijuana, Inc. (U.S.)
Get Full Access of reports @ https://www.databridgemarketresearch.com/reports/global-legal-marijuana-market
MAJOR TOC OF THE REPORT
 Chapter One: Introduction
 Chapter Two: Market Segmentation
 Chapter Three: Market Overview
 Chapter Four: Executive Summary
 Chapter Five: Premium Insights
 Chapter Six: Global Legal Marijuana Market by Product & Procedure type
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