Overview


According to FutureWise analysis the market for Legal Marijuana in 2023 is US$ 20.98 billion, and is expected to reach US$ 130.09 billion by 2031 at a CAGR of 25.62%.

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.

  • 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)

By Product Type

  • Buds / marijuana Flower
  • Cannabis Extracts
    • Oil
    • Tinctures
    • 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
    • Chronic Pain
    • Mental Disorders
    • Cancer
    • Others
  • Recreational
  • Cosmetics and 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


  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants
  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth
  • 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
  • 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

Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Legal Marijuana Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Legal Marijuana Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Legal Marijuana Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Legal Marijuana Market, By Product Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Buds / marijuana Flower
        2. Cannabis Extracts
         2.1. Oil
         2.2. Tinctures
         2.3. Others

  • 8.   Legal Marijuana Market, By Species Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Cannabis Indica
        2. Cannabis Sativa
        3. Cannabis Hybrid

  • 9.   Legal Marijuana Market, By Strain Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. THC-dominant
        2. CBD-dominant
        3. Balanced THC and CBD

  • 10.   Legal Marijuana Market, By Purchase Channel Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Online
        2. Offline

  • 11.   Legal Marijuana Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Medical
         1.1. Chronic Pain
         1.2. Mental Disorders
         1.3. Cancer
         1.4. Others
        2. Recreational
        3. Cosmetics and Others

  • 12.   Legal Marijuana Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Pharmaceutical
        2. Food, Beverages, and Tobacco
        3. Personal Care
        4. Research and Development Centres

  • 13.   North America Legal Marijuana Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country,  2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 14.   Latin America Legal Marijuana Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country,  2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 15.   Europe Legal Marijuana Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country,  2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 16.   Asia Pacific Legal Marijuana Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country,  2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 17.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country,  2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 18.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 19.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Canopy Growth Corporation
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Aphria, Inc.
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Aurora Marijuana Inc.
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Maricann Group, Inc.
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Tilray, Inc.
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Cronos Group Inc.
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. OrganiGram Holding Inc.
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. VIVO Marijuana Inc
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Tikun Olam Ltd.
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. The Green Organic Dutchman Holdings Ltd.
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Terra Tech Corp.
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12. Medical Cannabis, Inc.
         12.1. Company Overview
         12.2. Product Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13. Stenocare A/S
         13.1. Company Overview
         13.2. Product Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview
        14. Cannabis Science Inc.
         14.1. Company Overview
         14.2. Product Portfolio
         14.3. SWOT Analysis
         14.4. Financial Overview
         14.5. Strategic Overview
        15. HEXO Corp.
         15.1. Company Overview
         15.2. Product Portfolio
         15.3. SWOT Analysis
         15.4. Financial Overview
         15.5. Strategic Overview

  • 20.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 21.   FutureWise SME Key Takeaway Points for Client
Partner

Our Clients