Legal Marijuana Market: Growth Opportunities and Forecast 2023-2030...

Legal Marijuana Market: Growth Opportunities and Forecast 2023-2030

Posted 2024-10-28 10:40:26

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This Legal Marijuana market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Legal Marijuana report simplifies managing marketing of goods and services effectively.

Data Bridge Market Research analyses that the legal marijuana market, which was USD 27.7 billion in 2022, would rise to USD 127.49 million by 2030 and is expected to undergo a CAGR of 21% during the forecast period 2023 to 2030.

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Market Overview:

In the past few years, the use of marijuana as a recreational drug has been proven in many countries. Countries such as Uruguay, Canada, and numerous U.S. states have legalized the production, sale, and ownership of marijuana for medical and recreational usage. Several studies were carried out, which showed that medical marijuana and its derivatives could be used to treat symptoms of numerous diseases such as chemotherapy-induced nausea, chronic pain, Parkinson's, Alzheimer's, and other neurological diseases.

Some of the major players operating in the Legal Marijuana market are VIVO Cannabis Inc. (Canada), Dr. Hemp Me. (Ireland), QC Infusion (U.S.), Hemp Production Services (Canada), Green Roads (U.S.), Royal CBD (U.S.), CV Sciences, Inc. (U.S.), Gaia Herbs Farm (U.S.), SPRING CREEK LABS (U.S.), Isodiol International Inc (Canada), Medical Marijuana, Inc. (U.S.) among others.

Global Legal Marijuana Market Scope

The legal marijuana market is segmented on the basis of species, strains, type, application, product type, purchase channel, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Species

· Sativa

· Indica

· Hybrid

Strains

· THC

· CBD

Type

· Recreational Marijuana

· Medical Marijuana

Application

· Chronic Pain

· Mental Disorders

· Cancer

· Others

Product Type

· Buds / marijuana Flower

· Cannabis Extracts

· Oil

· Tinctures

· Others

Purchase Channel

· Online

· Offline

End-User

· Pharmaceutical

· Food

· Beverages

· Tobacco

· Personal Care

· Research and Development Centers

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Legal Marijuana Market Landscape

Part 04: Global Legal Marijuana Market Sizing

Part 05: Global Legal Marijuana Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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