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The legal cannabis market is forecasted to grow by USD 142.39 billion during 2024-2029, accelerating at a CAGR of 31.7% during the forecast period. The report on the legal cannabis market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of countries decriminalizing and legalizing cannabis, growing millennial purchasing power in key cannabis industry, and health benefits of medical cannabis.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The legal cannabis market is segmented as below:
By Product
- Medical cannabis
- Recreational cannabis
By Derivative Type
- CBD
- THC
- Balanced THC and CBD
By Source
- Hemp
- Marijuana
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the legal cannabis market covers the following areas:
- Legal Cannabis Market sizing
- Legal Cannabis Market forecast
- Legal Cannabis Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Derivative Type
10 Market Segmentation by Source
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global legal cannabis market: Aurora Cannabis Inc., Bhang Nation, Cannabinoid Creations, Cannoid LLC, Canopy Growth Corp., CBD American Shaman, Cronos Group Inc., CV Sciences Inc., Elixinol Wellness Ltd., Folium Biosciences, Jazz Pharmaceuticals Plc, Medical Marijuana Inc., MediPharm Labs Inc., Mentor Capital Inc., PharmaHemp d.o.o., Tikun Olam, Tilray Brands Inc., and Unrivaled Brands Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is use of advanced techniques in cannabis cultivation."
According to the report, one of the major drivers for this market is the rising number of countries decriminalizing and legalizing cannabis.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aurora Cannabis Inc.
- Bhang Nation
- Cannabinoid Creations
- Cannoid LLC
- Canopy Growth Corp.
- CBD American Shaman
- Cronos Group Inc.
- CV Sciences Inc.
- Elixinol Wellness Ltd.
- Folium Biosciences
- Jazz Pharmaceuticals Plc
- Medical Marijuana Inc.
- MediPharm Labs Inc.
- Mentor Capital Inc.
- PharmaHemp d.o.o.
- Tikun Olam
- Tilray Brands Inc.
- Unrivaled Brands Inc.
