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Arizona Legal Cannabis Market Size, Share & Trends Analysis Report By Source (Marijuana, Hemp), By Product Type (Flowers, Oils And Tinctures), By End-use (Medical, Industrial, Recreational), And Segment Forecasts, 2023-2030

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    Report

  • 80 Pages
  • June 2023
  • Region: United States
  • Grand View Research
  • ID: 5846771
The Arizona legal cannabis market size is projected to reach USD 1,740.2 million by 2030, registering a CAGR of 17.3% from 2023 to 2030, according to this report. It is driven by increasing government support for legalization and growing awareness of its benefits. Additionally, a study published by The Good Body in 2022 has shown that around 40% of the U.S. population experiences chronic pain lasting 3 to 6 months, even after medication. Moreover, according to a study published by the NCBI, two-thirds of patients with chronic pain conditions such as arthritis, neuropathic pain, and post-surgical pain have reported pain relief with medical marijuana. These factors are expected to drive the demand for pain management therapies and contribute to market growth over the forecast period.

In 1996, the Drug Medicalization, Prevention, and Control Act was passed in Arizona after receiving 65% votes. The act allowed healthcare professionals to prescribe cannabis for patients suffering from terminal illnesses. Furthermore, in 2020, Proposition 207 was approved by voters in Arizona which legalized the possession, use, and cultivation of cannabis for recreational use among adults over the age of 21. The Arizona Department of Health Services is responsible for regulating and overseeing the state's medical marijuana program and is responsible for issuing medical marijuana cards to patients for the legal purchase of cannabis products.

Key players in the market, such as Nature’s Medicines, 4Front, Item 9 Labs, Harvest Health and Recreation, PathogenDx, Cannabox, Copperstate Farms, and Sunday Goods are adopting strategies such as acquisitions, partnerships, expansions, collaborations, and new product launches to strengthen their market position and expand their customer base. For instance, in May 2022, Nature’s Medicines announced the establishment of a new dispensary in Massachusetts. The new establishment is equipped with advanced facilities such as open conference spaces for enhanced shopping and educational experiences. Moreover, in May 2022, Nature’s Medicines partnered with Cheech Marin & Tommy Chong for the launch of two cannabis product lines, Tommy Chong's and Cheech & Chong's. These products contain prepacked flowers and are available for purchase in New Mexico and Arizona.

Table of Contents

Chapter 1 Methodology And Scope
1.1 Research Process
1.2 Information Procurement
1.2.1 Purchased Database
1.2.1. GVR’s Internal Database
1.2.2 Market Formulation And Validation
1.3 Research Methodology
1.4 Research Scope And Assumptions
1.5 Research Methodology
1.6 State Market: CAGR Calculation
1.6.1 State - Based Segment Share Calculation
1.7 List To Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Market Snapshot
Chapter 3 Arizona Legal Cannabis Market: Variables, Trends, And Scope
3.1 Impact Of Regulations On Cannabis Market In Arizona And Demand - Supply Analysis
3.2 Market Segmentation
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.2 Market Restraint Analysis
3.4 Penetration & Growth Prospects Mapping
3.5 Arizona Legal Cannabis Regulatory Scenario
3.6 Arizona Legal Cannabis - PESTEL Analysis
3.6.1. Political
3.6.2. Environmental
3.6.3 Social
3.6.4 Technology
3.6.5. Legal
3.6.6 Economic
3.7 Arizona Legal Cannabis - Porter’s Analysis
3.7.1. Threat of New Entrants
3.7.2 Bargaining Power Of Buyers
3.7.3 Competitive Rivalry
3.7.4 Bargaining Power of Suppliers
3.7. 5 Threat of Substitutes
3.8 Opportunity Analysis (2018 - 2022 - 2030)
3.9 Product Pipeline Analysis, By Stage
3.10 Impact of COVID - 19 on the Market
3.11 Company Market Position Analysis (2022)
3.12 Market Entry Strategies
Chapter 4 Arizona Legal Cannabis Market: Product Type Estimates And Trend Analysis
4.1 Arizona Legal Cannabis Market: Product Type Movement Analysis
4.2 Legal Cannabis Market: Product Type Analysis
4.2.1 Flower
4.2.1.1 Flower Market Estimates And Forecasts, 2018 - 2030 (USD Million)
4.2.2 Oil And Tinctures
4.2.2.1 Oil And Tinctures Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 5 Arizona Legal Cannabis Market: End Use Estimates And Trend Analysis
5.1 Arizona Legal Cannabis Market: End Use Movement Analysis
5.2 Arizona Legal Cannabis Market: End Use Analysis
5.2.1 Adult/Recreational Use
5.2.1.1 Adult Use Market Estimates And Forecasts, 2018 - 2030 (USD Million)
5.2.2 Medical Use
5.2.2.1 Medical Use Market Estimates And Forecasts, 2018 - 2030 (USD Million)
5.2.3 Industrial Use
5.2.2.1 Industrial Use Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 6 Arizona Legal Cannabis Market: Source Estimates And Trend Analysis
6.1 Arizona Legal Cannabis Market: Source Movement Analysis
6.2 Arizona Legal Cannabis Market: Source Analysis
6.2.1 Hemp
6.2.1.1 Hemp Market Estimates And Forecasts, 2018 - 2030 (USD Million)
6.2.2 Marijuana
6.2.2.1 Marijuana Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 7 Competitive Landscape
7.1 Company Profiles
7.1.1 Nature’s Medicines
7.1.1.1 Company overview
7.1.1.2 Financial performance
7.1.1.3 Strategic initiatives
7.1.2 . 4Front
7.1.2.1 Company overview
7.1.2.2 Financial performance
7.1.2.3 Strategic Initiatives
7.1.3 Item 9 Labs
7.1.3.1 Company overview
7.1.3.2 Financial performance
7.1.3.3 Strategic Initiatives
7.1.4 Harvest Health and Recreation
7.1.4.1 Company overview
7.1.4.2 Financial performance
7.1.4.3 Strategic Initiatives
7.1.5 PathogenDx
7.1.5.1 Company overview
7.1.5.2 Financial performance
7.1.5.3 Strategic Initiatives
7.1.6 Cannabox
7.1.6.1 Company overview
7.1.6.2 Financial performance
7.1.6.3 Strategic Initiatives
7.1.7 Copperstate Farms
7.1.7.1 Company overview
7.1.7.2 Financial performance
7.1.7.3 Strategic Initiatives
7.1.8 Sunday Goods
7.1.8.1 Company overview
7.1.8.2 Financial performance
7.1.8.3 Strategic Initiatives
List of Tables
Table. 1 Arizona legal cannabis market, by product, 2018-2030 (USD Million)
Table. 2 Arizona legal cannabis market, by end use, 2018-2030 (USD Million)
Table. 3 Arizona legal cannabis market, by source, 2018-2030 (USD Million)
List of Figures
Fig. 1: Various stages of research workflow
Fig. 2: Information procurement
Fig. 3: Market formulation & validation
Fig. 4: Arizona legal cannabis market snapshot, 2022 (USD Million)
Fig. 5: Arizona legal cannabis market, product type outlook: Key takeaways
Fig. 6: Arizona legal cannabis market: Product type movement analysis (2022 & 2030) (USD billion)
Fig. 7: Flower market estimates and forecasts, 2018-2030 (USD Million)
Fig. 8: Oil and Tinctures market estimates and forecasts, 2018-2030 (USD Million)
Fig. 9: Arizona legal cannabis market, source outlook: Key takeaways
Fig. 10: Arizona legal cannabis market: Source movement analysis (2022 & 2030) (USD billion)
Fig. 11: Hemp market estimates and forecasts, 2018-2030 (USD Million)
Fig. 12: Marijuana market estimates and forecasts, 2018-2030 (USD Million)
Fig. 13: Arizona legal cannabis market, end use outlook: Key takeaways
Fig. 14: Arizona legal cannabis market: end use movement analysis (2022 & 2030) (USD billion)
Fig. 15: Industrial market estimates and forecasts, 2018-2030 (USD Million)
Fig. 16: Medical use market estimates and forecasts, 2018-2030 (USD Million)
Fig. 16: Industrial use market estimates and forecasts, 2018-2030 (USD Million)

Companies Mentioned

  • Nature’s Medicines
  • 4Front
  • Item 9 Labs
  • Harvest Health and Recreation
  • PathogenDx
  • Cannabox
  • Copperstate Farms
  • Sunday Goods

Methodology

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Table Information