Jan 21, 2021 (The Expresswire) -- Global “ Legal Marijuana Market ” Report 2021 - 2027 covers the present state of Market Share, CAGR, Revenue, Gross Market and the growth prospects of the Legal Marijuanaindustry in the global regions. This report studiedworldwide market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors. The report also covers segment data, including type segment, industry segment, channel segment, etc.
The Global Legal Marijuanamarket 2021 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Legal Marijuanamarket report is provided for the international markets as well as development trends
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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).
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 global Legal Marijuana market was valued at USD 13080 million in 2019 and is expected to reach USD 70100 million by the end of 2027, growing at a CAGR of 26.8% during 2021-2027.
This report focuses on Legal Marijuana volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Legal Marijuana market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Global Legal Marijuana Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
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Legal Marijuana market competition by top manufacturers, with production, price, and revenue (value) and market share for each manufacturer;the top players including:
● Medicine Man ● Canopy Growth ● Aphria ● Aurora Cannabis Inc. ● mCig Inc
Legal Marijuana Data by Type:
Legal Marijuana Data by Application:
This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
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This Legal Marijuana Market Research/analysis Report Contains Answers to your following Questions
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1 Legal Marijuana Market Overview
1.1 Product Overview and Scope of Legal Marijuana
1.2 Legal Marijuana Segment by Type
1.3 Legal Marijuana Segment by Application
1.4 Global Legal Marijuana Market Size Estimates and Forecasts
2 Legal Marijuana Market Competition by Manufacturers
2.1 Global Legal Marijuana Sales Market Share by Manufacturers (2016-2021)
2.2 Global Legal Marijuana Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Legal Marijuana Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Legal Marijuana Manufacturing Sites, Area Served, Product Type
2.5 Legal Marijuana Market Competitive Situation and Trends
2.6 Manufacturers Mergers and Acquisitions, Expansion Plans
5 Global Legal Marijuana Historic Market Analysis by Application
5.1 Global Legal Marijuana Sales Market Share by Application (2016-2021)
5.2 Global Legal Marijuana Revenue Market Share by Application (2016-2021)
5.3 Global Legal Marijuana Price by Application (2016-2021)