logo
logo
AI Products 

Legal Marijuana Market Demand 2019 – Industry Challenges, Key Vendors, Drivers, Trends and Forecast to 2022

avatar
Pradeep Zende
Legal Marijuana Market Demand 2019 – Industry Challenges, Key Vendors, Drivers, Trends and Forecast to 2022

Marijuana is dried leaves, stems, flowers or seed of Cannabis sativa or Cannabis indica plant. The consumption of marijuana is limited to certain countries where it is known as legal marijuana. Major share of the legal marijuana consumption was witnessed in North America, which held 69.3% of market share in the year 2016. Legal marijuana is widely used in the medical sector for the treatment of various diseases such as cancer, multiple sclerosis, HIV/AIDS, and others. Scientists are constantly researching on the marijuana species to bring out value added products from the cannabis strains, which is contributing in the growth of legal marijuana market.

Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/4656

Competitive Landscape

The major key players in legal marijuana are:

  • Medicine Man (U.S.)
  • AmeriCann, Inc. (U.S.)
  • Novus Acquisition & Development (U.S.)
  • Abattis Bioceuticals Corp (Canada)
  • GW Pharmaceuticals (U.K.)
  • Canopy Growth (Canada)
  • Insys Therapeutics (U.S.)

Segmentation Analysis

The global legal marijuana market is segmented by type, application, and regions.

Regional Analysis

Among the regions, North America is dominating the Legal Marijuana Market with over 80% of the global market share and is projected to reach more than USD 3.6 billion by 2022. RoW is projected to witness the highest growth rate during the forecast period 2016-2022. The legalization of marijuana in various countries is supporting the market growth at a global level. Moreover, applications of legal marijuana are increasing owing to the associated benefits, which has been driving the growth of the market from the last few years. 

Market Scope

Key players are highly focusing on R&D to extract the different values of the legal marijuana and expand their business portfolio. The R&D investments are evaluated to be contributing over 50% to strategy share and is facilitating the companies to expand their business portfolio. Moreover, legalization of marijuana in various countries has opened the doors for the growth of legal marijuana market.

Browse more details about “Legal Marijuana Market Research Report- Forecast till 2022”. 

Industry/ Innovation/ Related News:

Pune, India, MRFR published a Cooked Research Report on Global Legal Marijuana Market, which is estimated to grow at a CAGR of 22.03% during the forecast period 2016-2022.

collect
0
avatar
Pradeep Zende
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more