Legal Marijuana Market Overview, Growth, and Trends (2021-2031)

MARKET INTRODUCTION

Marijuana is generally available in the dried leaves, flowers, stems, and seeds from the Cannabis sativa or Cannabis indica plant. The plant contains the chemical THC and other similar compounds that are mind-altering. The THC and CBD are main cannabinoids that are having some medicinal properties. The FDA has approved drugs containing THC. These drugs treat nausea provoked by chemotherapy and increase appetite in patients who have severe weight loss from AIDS. It treats two forms of severe childhood epilepsy.

MARKET DYNAMICS

The Legal Marijuana market is anticipated to grow in the forecast period owing to the rising legalization of marijuana in various countries, besides rising application of cannabis in medical product for treating cancer, arthritis and neurological disorders. Moreover, rising disease burden of chronic pain and need for effective pain management remedies on the global scale is expected to amplify the demand for legal cannabis market.

MARKET SCOPE

The "Global Legal Marijuana Market Analysis to 2031" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of legal Marijuana market with detailed market segmentation by type, application, compound and geography. The global Legal Marijuana market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Legal Marijuana market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Legal Marijuana market is segmented on the basis of type, application, and compound. Based on type, the market is segmented into Flower, Concentrates, Oil and Tinctures. Based on application, the market is segmented into oncology, cardiology, cosmeceuticals/plastic surgery, dental, and others. On the basis of application the market is segmented into medical and recreational. Based oncompound, the market is segmented into Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant and Balanced THC and CBD.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Legal Marijuana market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Legal Marijuana market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Legal Marijuana market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Legal Marijuana market in these regions.

MARKET PLAYERS

The report covers key developments in the Legal Marijuana market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Legal Marijuana market are anticipated to lucrative growth opportunities in the future with the rising demand for Legal Marijuana market in the global market. Below mentioned is the list of few companies engaged in the Legal Marijuana market.

The report also includes the profiles of key Legal Marijuana market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  Canopy Growth Corporation
•  Aurora Cannabis Inc.
•  Medmen
•  Terra Tech Corp
•  Aphria Inc.
•  Vivo Cannabis Inc.
•  Chronos Group Inc.
•  Medical Marijuana, Inc
•  Stenocare
•  Tikun Olam

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Legal Marijuana Report Scope