Legal Marijuana Market Report

Legal Marijuana Market Report, By Type (Recreational and Medical Marijuana), Crop Type (Cannabis Indica, Cannabis Sativa and others), Medical Application (Chronic Pain, Mental Disorder, Cancer and Other Diseases) and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : fb1882 | Publish Date : Upcoming | Industry : Food_Beverage | Geography : Global

Marijuana laws are changing at a quick pace worldwide, making things somewhat confounding now and again. There is more open support for marijuana law change than any other time in recent memory with new surveys appearing than a large portion of the nation is supportive of authorizing marijuana. The Drug Policy Alliance (DPA) agrees marijuana to be expelled from the criminal equity framework and controlled like liquor and tobacco. In the course of recent years, the various organizations working in this market has expanded exponentially. Producers are focussed around extending their client pool by offering bunch arrangement of products and through land development. Products at present are being offered incorporate numerous strains and concentrates, for example, oils, tinctures, saps, and consumables dependent on grouping of cannabinoids like THC (Tetrahydrocannabinol) and CBD (Cannabidiol).

Legal Marijuana Market Outlook

Medical cannabis also known as medical marijuana is getting to be a standout amongst the most worthwhile organizations and has seen the flood of a few autonomous speculators who have begun putting resources into this market. Not long after the legalization of medical marijuana in Canada, the local market saw the passage of a few new producers. Albeit numerous producers have all the earmarks of being advancing restorative cannabis, very few of them provide to medical patients. A few healthcare authorities and specialists referred to concerns about the effect of marijuana use on youths and grown-ups alike. Around 9 percent of clients end up reliant on weed, however, potential ill-effects go past an absence of productivity and inspiration, or gentle side effects of withdrawal. Endless marijuana use is contrarily connected with accomplishing critical formative achievements in youthful grown-ups, as indicated by UConn discoveries, and different investigations have tied weed use to respiratory issues, a higher danger of creating liquor use issue and the beginning of psychological instability among those effectively inclined.

Legal Marijuana Market Segmental Overview

The global legal marijuana market is segmented based on type, crop type, medical application and region. 

Legal Marijuana Market by Type 

By type, the market is categorised into Recreational Marijuana and Medical Marijuana. Malignancy patients, particularly those experiencing chemotherapy-instigated nausea, patients with epilepsy, rheumatoid joint inflammation, Alzheimer's; adults with ADHD and stomach issue, uneasiness issue; and AIDS are endorsed medical marijuana. Be that as it may, doctors hav a second thought of recommending marijuana for different ailments, particularly for youthful grown-ups. 

Legal Marijuana Market by Crop Type 

Based on crop type, the global legal marijuana market has been sectioned into Cannabis Indica, Cannabis Sativa and others. There are a few key contrasts between Cannabis Indica and Cannabis sativa. These incorporate height and stature, internodal length, leaf size and structure, bud size and thickness, blossoming time, smell, smoke and effects. Indica plants will in general become shorter and bushier than the sativa plants. Indica strains will in general have wide, short leaves with short wide cutting edges, though sativa strains have long leaves with thin long sharp edges. The buds of Indica strains will in general be wide, thick and massive, while sativa strains are probably going to be long, hotdog moulded flowers. All things considered, Cannabis Indica has larger amounts of THC compared with CBD, while Cannabis sativa has low levels of THC to CBD. However, colossal fluctuation exists inside either species. The normal THC substance of the most mainstream home-grown cannabis items in the Netherlands has diminished marginally since 2005. 

Legal Marijuana Market by Medical Application 

The market finds medical applications in chronic pain, mental disorder, cancer and other diseases. Marijuana products have been generally utilized for treatment of chronic pain. This section represented about 40% of the general income in 2018 and is foreseen to be a prevailing portion all through the gauge time frame. Consuming marijuana diminishes pain and thus improves personal satisfaction among patients experiencing chronic pain. Medical marijuana is most broadly utilized for mitigating chronic pain, which is relied upon to support market income during the forecast period. 

Legal Marijuana Market by Geography Geographically, this market is segmented into North America, Europe, Asia-Pacific and Rest of the World. After sanctioning of recreational marijuana in many U.S. states, the market has seen extensive development. California and Colorado are the most worthwhile states in the nation. However, it stays unlawful at government level in U.S., which thusly, may influence generally speaking income development in the nation. Israel is additionally among the perceptible nations in the market that has turned into a pioneer in marijuana research and is a key provider of innovation to U.S. furthermore, Canada. With authorized utilization of marijuana for therapeutic reason, the nation is foreseen to observe high income development. Australia sanctioned Medical weed in February 2017 and the nation intends to support local production in the next years and import cannabis from different nations till nearby generation is built up.

Legal Marijuana Market Key Players

The major players involved in this market are Scotts Miracle-Gro Co., Canopy Growth Corp., GW Pharmaceuticals PLC, Aurora Cannabis Inc., Aphria Inc., MedReLeaf Corp., Sprott Inc., Insys Therapeutics Inc., CanniMed Therapeutics Inc., Cara Therapeutics Inc.

The global Legal Marijuana market is segmented by type, crop type, medical application and geography. Based on type, this market is classified into Recreational Marijuana and Medical Marijuana. With increase in volume of scientific studies and clinical trials, demand for cannabis for clinical use is expected to grow over the forecast period. Further, by crop type, this market is categorized into Cannabis Indica, Cannabis Sativa and others. The global legal marijuana market finds Medical applications in chronic pain, mental disorder, cancer and other diseases. Medical marijuana is most broadly utilized for mitigating chronic pain, which is relied upon to support market income during the forecast period. Geographically, this market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World.  Peru was the latest expansion to the rundown of nations which have sanctioned the use of marijuana for Medical purposes. Vermont was the most recent addition to the list of US states where cannabis or marijuana is lawful for restorative utilization. 

Why to buy this report:

The report offers changing market dynamics in the legal marijuana industry, presenting historical, current and projected market size in terms of value (USD Million)

o The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of legal marijuana market

It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the legal marijuana market performance

The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of legal marijuana market