Apr 20, 2021 (The Expresswire) -- Global “ Legal Marijuana Market " research report 2021-2025 gives A top to bottom explanation on the key impacting factors, market measurements regarding incomes, portion savvy information, locale insightful information, and country-wise information are offered inside the full examination. with development drifts, various partners like financial backers, CEOs, dealers, providers, investigation and media, global Manager, Director, President, SWOT examination for example Strength, Weakness, Opportunities and danger to the association and others. These bits of knowledge offered in the Legal Marijuana report would profit market players to define systems for the future and gain a solid situation in the worldwide Legal Marijuana market development. Other than this, the specialists have profoundly contemplated distinctive geological regions and introduced a serious situation to help new contestants, driving business sector players, and financial backers to decide arising economies.
This report presents an extensive outline, pieces of the overall industry, and development chances of Legal Marijuana market by item type, application, key makers and key locales and nations.
Short Description About Legal Marijuana Market Report:
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 is valued at 7970 Million USD in 2018 and will reach 53200 Million USD by the end of 2025, growing at a CAGR of 26.8% during 2019-2025. The objectives of this study are to define, segment, and project the size of The Legal Marijuana market based on company, product type, end user and key regions.
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Additionally, the Legal Marijuana market trend provides a comprehensive study of prime players at intervals the market by lightness their product description, business outline, and business strategy. It conjointly endows with the amount of production, Legal Marijuana's future demand, needed staple, and also the cash health of the organization.
List of Top Manufacturers/Key-players of Legal Marijuana market forecast (2021 - 2025):-
● Medicine Man ● Canopy Growth ● Aphria ● Aurora Cannabis Inc. ● mCig Inc
The report provides useful insights into a wide range of business aspects such as pillars, features, sales strategies, planning models, in order to enable readers to gauge market scope more proficiently. Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.
The Legal Marijuana Market report purposefully analyses every sub-segment regarding the individual growth trends, contribution to the total market, and the upcoming forecasts.
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On the basis of Product Type, we research the production, revenue, price, market share and growth rate, primarily split into: -
● Indoor ● Greenhouse
For the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Legal Marijuana market for each application, including: -
● Recreational ● Medical
This report studies the global market size of Legal Marijuana in key regions like North America, Europe, China and Japan, focuses on the consumption of Legal Marijuana in these regions.
In this study, the years considered to estimate the market size of Legal Marijuana:
History Year: 2014-2019
Base Year: 2020
Estimated Year: 2020
Forecast Year 2021 to 2025
Key questions answered in the report: