Marijuana Cigarette Market Expecting Huge Demand in Upcoming Years 2024 - 2031 | Canopy Growth Corporation, Aurora Cannabis

Market Overview:

The Global Marijuana Cigarette Market size is projected to reach US$ 457.20 billion by 2030, from US$ 58.63 billion in 2023, growing at a CAGR of 34.1% during the forecast period (2023-2030).

Market Dynamics:

The legalization of marijuana for recreational and medical use in select countries is expected to drive the growth of the marijuana cigarette market over the forecast period. According to the report, several U.S. states and Canada have legalized adult-use of marijuana in recent years, opening new market opportunities. Furthermore, the growing acceptance of marijuana for medical applications such as reducing chronic pain and treating certain medical conditions is also fueling the demand for marijuana cigarettes.

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Growing Social Acceptance of Marijuana Usage

Another important driver has been the gradually improving social acceptance of marijuana usage. While it remains controversial, surveys show that the percentage of the population viewing marijuana as morally wrong or as a gateway drug has reduced significantly over the past decade. Younger generations in particular have become more open minded about it. This has encouraged more people to try out marijuana and even consume it regularly without as much social stigma. For those who prefer smoking over other forms, cigarettes provide a familiar and socially acceptable means of consumption. As attitudes continue loosening up, the social barriers to marijuana cigarette usage will reduce leading to market growth.

Major Market Opportunity for Marijuana Cigarette Market:

Growing Tourism Industry

An emerging opportunity is the rise of tourism worldwide. With marijuana gaining legal grounds, several places have started promoting themselves as destinations. Countries like Canada, certain US states, some European nations are actively encouraging travel focused around marijuana experiences. This includes activities like visiting marijuana dispensaries, tours of farms, smoke lounges etc. Many travelers are interested in learning about different strains and experiencing local methods of consumption. For the marijuana cigarette market, this presents a lucrative opportunity. Partnerships with tourism boards and local businesses can help promote marijuana cigarettes as a popular on-the-go consumption format for tourists. Distribution tie-ups ensure availability across tourism hotspots. As the travel industry gains more traction globally, it will aid the exposure and trial of marijuana cigarettes amongst travelers.

Major Market Trend for Marijuana Cigarette Market:

Innovation In Formats And Flavored Variants

One of the prominent trends has been the ongoing innovation around the formats and variants of marijuana cigarettes. While traditional joints remain popular, manufacturers are diversifying the experience. Some innovations include hemp wraps instead of paper wraps, mini joint varieties ideal for microdosing, infused cigars, cigarettes with slots for adding concentrates like wax and oils and multi flavored cigarettes. Flavored variants like berry, vanilla, mint etc aimed at modifying the inherent taste of marijuana has also gained traction. Such innovations make the consumption experience more varied and enjoyable for casual users. It also attracts users moving away from smoking tobacco. As regulations allow, we can expect to see more experimentation and novelty in marijuana cigarette offerings to meet the changing preferences of younger demographics.

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Top Companies Featured in This Report:

★ Canopy Growth Corporation
★ Aurora
★ Tilray Inc.
★ Aphria Inc.
★ Cronos Group
★ Hexo Corp.
★ Organigram Holdings Inc.
★ Curaleaf Holdings Inc.
★ Cresco Labs
★ Green Thumb Industries

Market Segmentation:

By Product Type:

★ By Content: High Pre-rolls, Medium Pre-rolls, Low Pre-rolls
★ By Content: High Pre-rolls, Balanced / Pre-rolls, Low Pre-rolls
★ By Strain Type: Indica Pre-rolls, Sativa Pre-rolls, Hybrid Pre-rolls, Strain-specific pre-rolls (e.g., Blue Dream, OG Kush, etc.)
★ By Packaging: Single Pre-roll Packs, Multi Pre-roll Packs (e.g., packs of 3, 5, 10, etc.)
★ By Flavor/Additives: Unflavored/Original, Terpene-infused, Flavored (e.g., mint, berry, citrus), Herbal blends (e.g., mixes with lavender or chamomile)
★ By Usage: Medicinal Pre-rolls, Recreational Pre-rolls
★ By Price Range: Premium/Luxury, Mid-range, Economy/Budget
★ By Sales Channel: Online Retail, Dispensaries/Offline Retail, Medical Clinics

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

The report offers insights on the following aspects:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Analysis of Marijuana Cigarette Market Competition Landscape by Players

Chapter 4: Assessment of Marijuana Cigarette Market Size by Type and Application

Chapter 5: Global and Regional Analysis

Chapter 6: Company Profiles, recent developments, and investments

Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors

Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology/Research Approach

The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Marijuana Cigarette sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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