Jun 26, 2020 (The Expresswire) -- “ Legal Marijuana Market " 2020 Research Report is provided on past, current and anticipated market situations, market drivers, trends driving it, and the challenges faced by the market which will help in deciding corporate strategy, product strategy, marketing strategy and sales strategy.
It provides key analysis on the market status of the Legal Marijuana manufacturers with best facts and figures, meaning, definition, SWOT analysis, expert opinions and the latest developments across the globe. The Report also calculate the market size, Legal Marijuana Sales, Price, Revenue, Gross Margin and Market Share, cost structure and growth rate. The report considers the revenue generated from the sales of This Report and technologies by various application segments.
Final Report will add the analysis of the impact of COVID-19 on this industry.
Short Description About Legal Marijuana Market :
Marijuana is one of the most abused drugs in the world.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).
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The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the market.
The research covers the current Legal Marijuana market size of the market and its growth rates based on 5-year records with company outline ofKey players/manufacturers:
Aurora Cannabis Inc.
Scope of the Legal Marijuana Market Report:
The global average price of Legal Marijuana is in the decreasing trend, from 11.92 USD/g in 2012 to 7.5 USD/g in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Legal Marijuana includes Classical Media and Salts, Serum-free Media
Stem Cell Media, and the proportion of Classical Media and Salts in 2016 is about 50.07%, and the proportion is in decreasing trend from 2012 to 2017.
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.
The worldwide market for Legal Marijuana is expected to grow at a CAGR of roughly 28.0% over the next five years, will reach 35000 million USD in 2024, from 7970 million USD in 2019, according to a new Research study.
This report focuses on the Legal Marijuana in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Report further studies the market development status and future Legal Marijuana Market trend across the world. Also, it splits Legal Marijuana market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.
Major Classifications are as follows:
Major Applications are as follows:
Geographically, this report is segmented into several key regions , with sales, revenue, market share and growth Rate of Legal Marijuana in these regions, from 2014 to 2024, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)