Legal Marijuana Market is poised to value USD 64726 million by 2028 end at a CAGR of 25.5% during the forecast period 2022 to 2028.

The dried parts of the marijuana plant are called marijuana. It is possible for marijuana to be green, brown, or gray in color.  There are many benefits associated with this plant, including its use of it as a recreational drug and for treating various diseases. Various regions are deciding whether marijuana is legal for recreational use and medical use, including its cultivation, possession, and distribution. Marijuana's legalization around the world, its medical applications, the rise of geriatric populations who need treatment for chronic diseases, and technological advancements in cultivation are the main factors driving its growth. Marijuana has been outlawed in many countries worldwide as a recreational drug. Legalizing marijuana in this manner can have a variety of effects on the economy and society of the country. As a result of legalization, governments can regulate marijuana cultivation and sales through applications, thereby contributing to the GDP of their countries. As a result of legalization, cartels and black-market dealers are forced out of business, and associated crime rates are reduced. The legalization of marijuana has had a positive impact on public health and safety. As a result of legalization, existing frequent marijuana consumers will buy more often. Additionally, less frequent consumers are also likely to purchase products more frequently and spend significantly more. Thus, increasing legalization will increase marijuana demand, which will drive the growth of the global legal marijuana market.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Legal Marijuana Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of the market.

According to the research study conducted by FutureWise research analysts, the Legal Marijuana Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the Legal Marijuana Market along with the growth opportunities present across this business vertical.

Major players included in the Legal Marijuana Market are :  

  • Canopy Growth Corporation
  • Aphria, Inc.
  • Aurora Marijuana Inc.
  • Maricann Group, Inc.
  • Tilray, Inc.
  • Cronos Group Inc.
  • OrganiGram Holding Inc.
  • VIVO Marijuana Inc.
  • Tikun Olam Ltd.
  • The Green Organic Dutchman Holdings Ltd.
  • Terra Tech Corp.
  • Medical Cannabis, Inc.
  • Stenocare A/S
  • Cannabis Science Inc.
  • HEXO Corp.

(Note: The list of the major players will be updated with the latest market scenario and trends)

Legal Marijuana Market Segmentation:
By Product Type
• Buds / marijuana Flower
• Cannabis Extracts
   o Oil
   o Tinctures
   o Others

By Species
• Cannabis Indica
• Cannabis Sativa
• Cannabis Hybrid

By Strain
• THC-dominant
• CBD-dominant
• Balanced THC and CBD

By Purchase Channel
• Online
• Offline

By Application
• Medical
   o Chronic Pain
   o Mental Disorders
   o Cancer
   o Others
• Recreational
• Cosmetics & Others

By End-User
• Pharmaceutical
• Food, Beverages, and Tobacco
• Personal Care
• Research and Development Centres

By Region
North America
• Latin America
• Europe
• Asia-Pacific
• Middle East and Africa

Legal Marijuana Market Video Sample:

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share  
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the Legal Marijuana Market by product type, by species, by strain, by purchase channel, by application, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific and rest of the world
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

Flexible Delivery Model:
• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization services offered are free of charge with purchase of any license of the report.
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com


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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics