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Legal Marijuana Market May See A Big Move | GW Pharmaceuticals, Canopy Growth, Aurora Cannabis

Legal Marijuana Market– Global Outlook and Forecast 2023-2030 is latest research study released by Allied Market Research evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support (2023-2030). The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market research and development, growth drivers, and the changing investment structure of the Global Legal Marijuana Market. Some of the key players profiled in the study are Aurora Cannabis, Maricann Group, GW Pharmaceuticals, Aphria, Tilray, The Cronos Group, ABcann Medicinals, Canopy Growth, Lexaria, Organigram. The global Legal Marijuana market is estimated to reach $80.1 billion by 2031, growing at a CAGR of 16.9% from 2022 to 2031.

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Legal Marijuana Market Outlook 2020-2030

The expansion of the legal marijuana market is expected to be driven by the increasing public awareness of the benefits of medical marijuana. The growing legalization of marijuana for medical purposes in several countries is anticipated to create profitable opportunities for the marijuana industry, although it may also inadvertently benefit drug cartels. This, in turn, is expected to contribute to the growth of the marijuana industry in the foreseeable future. The potential relief provided by marijuana for chronic pain and sleep disorders is likely to generate greater interest in medical marijuana, further fueling the growth of the medical marijuana sector.

However, the stringent regulations and restrictions imposed on the usage of cannabis pose a significant obstacle to the growth of the legal marijuana market. Many countries have imposed strict rules and regulations, which can hinder the growth of the medicinal marijuana industry during the forecast period. The concern over potential negative impacts on human health, particularly in the context of using marijuana in sports-related contexts, could also impede the growth of the marijuana industry.

Marketing Communication and Sales Channel

Understanding “marketing effectiveness” on a continual basis, help determine the potential of advertising and marketing communications and allow to use of best practices to utilize untapped audience. In order to make marketers make effective strategies and identify why the target market is not giving attention, we ensure the Study is Segmented with appropriate marketing & sales channels to identify potential market size by value & Volume* (if Applicable).

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The segments and sub-section of Legal Marijuana market is shown below:

By Product Type: Flower Buds, Oils, Tinctures, Others

By Application: Recreational, Medical

Some of the key players involved in the Market are: Aurora Cannabis, Maricann Group, GW Pharmaceuticals, Aphria, Tilray, The Cronos Group, ABcann Medicinals, Canopy Growth, Lexaria, Organigram.

Important years considered in the Legal Marijuana study:

Historical year – 2017-2021; Base year – 2021; Forecast period** – 2022 to 2030 [** unless otherwise stated]

If opting for the Global version of Legal Marijuana Market; then below country analysis would be included:

– North America (USA, Canada and Mexico)

– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)

– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)

– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)

– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

Introduction about Legal Marijuana Market

Legal Marijuana Market Size (Sales) Market Share by Type (Product Category)

Legal Marijuana Market by Application/End Users

Legal Marijuana Sales (Volume) and Market Share Comparison by Applications

Global Legal Marijuana Sales and Growth Rate (2020-2030)

Legal Marijuana Competition by Players/Suppliers, Region, Type, and Application

Legal Marijuana (Volume, Value, and Sales Price) table defined for each geographic region defined.

Legal Marijuana Players/Suppliers Profiles and Sales Data

Key Raw Materials Analysis & Price Trends

Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis

……..and view more in complete table of Contents

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Thanks for reading this article; you can also get an individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.

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Last Updated: 17-May-2023