Global Legal Cannabis Market Growth 2024-2030

Global Legal Cannabis Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Legal Cannabis market size was valued at US$ million in 2023. With growing demand in downstream market, the Legal Cannabis is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.

The research report highlights the growth potential of the global Legal Cannabis market. Legal Cannabis are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Legal Cannabis. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Legal Cannabis market.

Cannabis is also known as hemp. Cannabis is a popular recreational drug around the world, only behind alcohol, caffeine and tobacco. In the United States alone, it is believed that over 100 million Americans have tried cannabis. Cannabis for industrial uses is valuable in tens of thousands of commercial products, especially as fibre ranging from paper, cordage, construction material and textiles in general, to clothing. Hemp is stronger and longer-lasting than cotton. It also is a useful source of foodstuffs (hemp milk, hemp seed, hemp oil) and biofuels. Hemp has been used by many civilizations, from China to Europe (and later North America) during the last 12,000 years. In modern times novel applications and improvements have been explored with modest commercial success.

The legality of cannabis for medical and recreational use varies by country, in terms of its possession, distribution, and cultivation, and (in regards to medical) how it can be consumed and what medical conditions it can be used for. Countries that have legalized the medical use of cannabis include Australia, Canada, Chile, Colombia, Germany, Greece, Israel, Italy, the Netherlands, Peru, Poland, and the United Kingdom. Others have more restrictive laws that only allow the use of certain cannabinoid drugs, such as Sativex or Marinol.

Key Features:

The report on Legal Cannabis market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Legal Cannabis market. It may include historical data, market segmentation by Type (e.g., Buds, Oils), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Legal Cannabis market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Legal Cannabis market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Legal Cannabis industry. This include advancements in Legal Cannabis technology, Legal Cannabis new entrants, Legal Cannabis new investment, and other innovations that are shaping the future of Legal Cannabis.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Legal Cannabis market. It includes factors influencing customer ' purchasing decisions, preferences for Legal Cannabis product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Legal Cannabis market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Legal Cannabis market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Legal Cannabis market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Legal Cannabis industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Legal Cannabis market.

Market Segmentation:

Legal Cannabis market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Buds
Oils
Others

Segmentation by application
Chronic Pain
Mental Disorders
Cancer
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Aurora Cannabis
Bhang Corporation
Canopy Growth Corporation
Medical Marijuana
Mentor Capital
Cannoid
CBD American Shaman
CV Sciences
Elixinol
Folium Biosciences
IRIE CBD
Meadow Care
mCig
NuLeaf Naturals
Pharmahemp
Terra Tech
United Cannabis

Key Questions Addressed in this Report

What is the 10-year outlook for the global Legal Cannabis market?

What factors are driving Legal Cannabis market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Legal Cannabis market opportunities vary by end market size?

How does Legal Cannabis break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.