Global Marijuana Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Marijuana Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cannabis that is used for medicinal purposes is referred to as medical marijuana or medical cannabis. This term refers to utilizing the whole, unprocessed cannabis plant or its extracts to treat a variety of symptoms and conditions. It can also be obtained through synthetic derivatives of cannabis.

Market Overview:

The latest research study on the global Marijuana market finds that the global Marijuana market reached a value of USD 27534.5 million in 2022. It’s expected that the market will achieve USD 74212.88 million by 2028, exhibiting a CAGR of 17.97% during the forecast period.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Aurora Cannabis Inc., Trulieve Cannabis Corp. and MMJ America with the revenue market share of 1.26%, 1.23% and 1.20% in 2018.

Aurora Cannabis Inc., through its subsidiaries, is engaged in the production and distribution of medical cannabis. The Company is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering, and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, and home cultivation.

Trulieve Cannabis Corp. operates as a holding company. The Company, through its subsidiaries, engages in the cultivation, possession, sale, and distribution of medical cannabis.

Segmentation Overview:

Among different product types, Pharmaceutical Grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Recreational segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Marijuana market covered in Chapter 3:

Aurora Marijuana Inc.
GW Pharmaceuticals
Insys Therapeutics Inc.
Trulieve Marijuana Corp.
Cara Therapeutics
Helix TCS
MMJ America
Medicine Man Technologies
Canopy Growth
Tilray
United Marijuana
MedReLeaf Corp.
GR Companies, Inc.
OrganiGram Holdings
Cronos Group
Cannabis Sativa
Curaleaf Holdings
Aphria

In Chapter 4 and Chapter 14.2, on the basis of types, the Marijuana market from 2018 to 2029 is primarily split into:

Industrial Grade
Pharmaceutical Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Marijuana market from 2018 to 2029 covers:

Medical
Recreational
Industrial Hemp

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)