Legal Marijuana market was 7970 million US$ in 2017 and is expected to 53200 million US$ by the end of 2027, growing at a CAGR of 26% between 2021 and 2027.
The commercial marijuana industry exists on a state-by-state basis, and all medical and recreational programs technically violate federal drug laws. The U.S. Department of Justice has issued several guidelines in recent years to help the marijuana industry get attention, but they are not legally binding and could, in theory, be overruled at any time.
Medicinal cannabis products are products containing cannabis and its chemical constituents (cannabinoids) that can be used to treat or alleviate the symptoms of an illness, illness or injury. The two main cannabinoids identified for therapeutic use are: Psychotropic 9-tetrahydrocannabinol (THC) and nonpsychotic cannabidiol (CBD).
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Company Profile
- Medicine Man
- Canopy Growth
- Aphria
- Aurora Cannabis Inc.
- mCig Inc
Market – Segmentation
By the product type
- Indoor
- Greenhouse
By the end users/application
- Recreational
- Medical
Scope of the Report
The research study analyzes the Global Legal Marijuana Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Legal Marijuana Market Report
1. What was the Legal Marijuana Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Legal Marijuana Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Legal Marijuana Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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(This release has been published on Global Market Post.
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