Legal Marijuana - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Legal Marijuana Market is accounted for $12.78 billion in 2017 and is expected to reach $75.69 billion by 2026 growing at a CAGR of 21.9% during the forecast period. Some of the key factors influencing the market growth include Growing legalization in various countries, rising adoption of cannabis as a medical product for treating conditions such as Parkinson’s disease, cancer, arthritis, and neurological disorders. However, stringent rules and regulations regarding the product sale and cultivation is restraining the market growth.
Based on the marijuana type, recreational marijuana is constantly growing forecast period. Recreational cannabis is defined as any use of marijuana apart from medical purpose. Recreational use can range from it being a psychoactive drug to food ingredient. Few countries like Canada, Uruguay, Colombia, and some states in U.S. have legalized recreational cannabis. By Geography, North America is going to have a lucrative growth during the forecast period owing to the presence of a large customer pool and legalization of medical marijuana in U.S. and Canada. Currently 33 states in U.S. and District of Colombia have legalized cannabis in U.S. making it the largest market in the world.
Some of the key players in global Legal Marijuana market are Cannabis Sativa Inc, Aphria Inc, GW Pharmaceuticals, plc, Maricann Group, Inc, United Cannabis Corporation., Canopy Growth Corporation., Tikun Olam, Ltd., Tilray, Aurora Cannabis, Lexaria Corp, The Cronos Group, Organigram Holding Inc. and ABcann Medicinals, Inc.
Marijuana Types Covered:
• Recreational Marijuana
• Medical Marijuana
Medical Applications Covered:
• Mental Disorders
• Chronic Pain
• Other Medical Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
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- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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