Global Legal Marijuana Market Growth 2023-2029

Global Legal Marijuana Market Growth 2023-2029

Marijuana is one of the most abused drugs in the world. And this report 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).
LPI (LP Information)' newest research report, the “Legal Marijuana Industry Forecast” looks at past sales and reviews total world Legal Marijuana sales in 2022, providing a comprehensive analysis by region and market sector of projected Legal Marijuana sales for 2023 through 2029. With Legal Marijuana sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Legal Marijuana industry.
This Insight Report provides a comprehensive analysis of the global Legal Marijuana landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Legal Marijuana portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Legal Marijuana market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Legal Marijuana and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Legal Marijuana.
The global Legal Marijuana market size is projected to grow from US$ 27000 million in 2022 to US$ 150350 million in 2029; it is expected to grow at a CAGR of 150350 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Legal Marijuana market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Indoor Cultivation
Outdoor Cultivation
Greenhouse Cultivation
Segmentation by application
Recreational
Medical
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.
Medicine Man
Canopy Growth
Aphria
Aurora Cannabis Inc.
MCig Inc
Key Questions Addressed in this Report
What is the 10-year outlook for the global Legal Marijuana market?
What factors are driving Legal Marijuana market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Legal Marijuana market opportunities vary by end market size?
How does Legal Marijuana break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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