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Legal Marijuana Market Anticipated Growing at a CAGR of 17.8% By 2027

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Precedence Research
Legal Marijuana Market Anticipated Growing at a CAGR of 17.8% By 2027

The global Legal Marijuana Market size is predicted to account USD 65.1 billion by 2027 and expanding growth at a CAGR of around 17.8% from 2021 to 2027.

A recent study by Precedence Research on the legal marijuana market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the legal marijuana market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of legal marijuana. The study also provides the dynamics that are responsible for influencing the future status of the legal marijuana market over the forecast period.

A detailed assessment of the legal marijuana market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the legal marijuana market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Summary

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the legal marijuana market across the globe.

A comprehensive estimate on the legal marijuana market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of legal marijuana during the forecast period. Price point comparison by region with global average price is also considered in the study.

Market Size Evaluation

The legal marijuana market has been analyzed for each market segment in terms of volume (kilo tons) and value (US$ Bn).

Market estimates at global and regional levels for legal marijuana are available in terms of “US$ Bn” for value and in “kilo tons” for volume. A Y-o-Y growth contrast on prominent legal marijuana market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global Legal marijuana market.

Major Key Players Covered in The legal marijuana Market Report include

  • Aurora Cannabis
  • GW Pharmaceuticals, plc.
  • Organigram Holding, Inc.
  • Canopy Growth Corporation
  • Maricann Group, Inc.
  • Aphria, Inc.
  • Maricann Group, Inc.
  • The Cronos Group
  • Tilray
  • ABcannMedicinals, Inc.
  • Lexaria Corp.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the legal marijuana market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of legal marijuana market during the forecast period.

Country-specific valuation on demand for legal marijuana has been offered for each regional market, along with market scope estimate sand forecasts, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

Market Segments

By Marijuana Type

  • Medical
  • Adult Use

By Product Type

  • Oils
  • Buds
  • Tinctures

By Application

  • Mental Disorders
  • Chronic Pain
  • Cancer
  • Others

By Regional

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

View Full Report@ https://www.precedenceresearch.com/legal-marijuana-market

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of legal marijuana, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of legal marijuana has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the legal marijuana market.

About Us

Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.

From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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Precedence Research

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Call: +1 9197 992 333

Email: [email protected]

Website: https://www.precedenceresearch.com

Blog:  http://www.marketstatsnews.com/

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