Legal Marijuana Market

Marijuana is one of the most abused drugs in the world. And Legal Marijuana Market studies the Legal Marijuana.
The commercial marijuana industry exists on a state-by-state basis, and all medical and recreational programs are technically in violation of federal drug laws. The U.S. Department of Justice issued some guidelines in recent years that helped the marijuana industry gain traction, but these are not legally binding and could theoretically be nullified at any time.
A medicinal cannabis product refers to a product which includes cannabis, and its chemical components (cannabinoids), that can be used for curing, or alleviating the symptoms of disease, ailment or injury.The two main cannabinoids that have been identified for therapeutic application are the psychoactive 9-tetrahydrocanabinol (THC) and non-psychoactive Cannabidiol (CBD).
Legal Marijuana Market aims to provide a comprehensive presentation of the global market for Legal Marijuana, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Legal Marijuana. Legal Marijuana Market contains market size and forecasts of Legal Marijuana in global, including the following market information:
Global Legal Marijuana Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Legal Marijuana Market Sales, 2018-2023, 2024-2029, (Kg)
Global top five Legal Marijuana companies in 2022 (%)
The global Legal Marijuana market was valued at US$ 28400 million in 2022 and is projected to reach US$ 140410 million by 2029, at a CAGR of 25.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Market competition is not intense. Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc. and MCig Inc are the leaders of the industry, and they hold key technologies and patents, with high-end customers, have been formed in the monopoly position in the industry. Top three are Medicine Man, Canopy Growth and Aphria got about 95% market shares.
North America is the largest consumption place, with a consumption market share nearly 75% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 12%.
We surveyed the Legal Marijuana manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Legal Marijuana Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Kg)
Global Legal Marijuana Market Segment Percentages, by Type, 2022 (%)
Indoor Cultivation
Outdoor Cultivation
Greenhouse Cultivation
Global Legal Marijuana Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Kg)
Global Legal Marijuana Market Segment Percentages, by Application, 2022 (%)
Recreational
Medical
Global Legal Marijuana Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Kg)
Global Legal Marijuana Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Legal Marijuana revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Legal Marijuana revenues share in global market, 2022 (%)
Key companies Legal Marijuana sales in global market, 2018-2023 (Estimated), (Kg)
Key companies Legal Marijuana sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Medicine Man
Canopy Growth
Aphria
Aurora Cannabis Inc.
MCig Inc
Outline of Major Chapters:
Chapter 1: Introduces the definition of Legal Marijuana, market overview.
Chapter 2: Global Legal Marijuana market size in revenue and volume.
Chapter 3: Detailed analysis of Legal Marijuana manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Legal Marijuana in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Legal Marijuana capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.