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Legal Marijuana Market to Grow at a CAGR of 21.9% by 2026| Tilray, Aurora Cannabis, Lexaria

Nov 20, 2021 9:00 PM ET

Legal Marijuana Market to Grow at a CAGR of 21.9% by 2026| Tilray, Aurora Cannabis, Lexaria

HTF Market Intelligence released a new research report of 175 pages on title ‘Legal Marijuana – Global Market Outlook (2017-2026)’  with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe, Asia Pacific, Latin America & Rest of the World and important players such as Cannabis Sativa, Inc., Aphria, Inc., GW Pharmaceuticals, plc., Maricann Group, Inc., United Cannabis Corporation., Canopy Growth Corporation., Tikun Olam etc.

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SummaryAccording to HTF MI , the Global Legal Marijuana Market is accounted for $12.78 billion in 2017 and is expected to reach $75.69 billion by 2026 growing at a CAGR of 21.9% during the forecast period. Some of the key factors influencing the market growth include Growing legalization in various countries and rising adoption of cannabis as a medical product for treating conditions such as Parkinson’s disease, cancer, arthritis, and neurological disorders. However, stringent rules and regulations regarding the product sale and cultivation is restraining the market growth.  Based on the marijuana type, recreational is defined as any use of marijuana apart from medical purpose. Recreational use can range from it being a psychoactive drug to food ingredient. Few countries like Canada, Uruguay, Colombia, and some states in U.S. have legalized recreational cannabis.

By Geography, North America is going to have a lucrative growth during the forecast period owing to the presence of a large customer pool and legalization of medical marijuana in U.S. and Canada. Currently 33 states in U.S. and District of Colombia have legalized cannabis in U.S. making it the largest market in the world.

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Some of the key players in global Legal Marijuana market are Cannabis Sativa, Inc., Aphria, Inc., GW Pharmaceuticals, plc., Maricann Group, Inc., United Cannabis Corporation., Canopy Growth Corporation., Tikun Olam, Ltd., Tilray, Aurora Cannabis, Lexaria Corp., The Cronos Group, Organigram Holding, Inc. and ABcann Medicinals, Inc.

Products Covered:• Oils• Tinctures• Buds

Marijuana Types Covered:• Recreational Marijuana• Medical Marijuana

Medical Applications Covered:• Cancer• Mental Disorders• Chronic Pain• Other Medical Applications

Regions Covered:North America, US, Canada, Mexico, Europe, Germany, France, Italy, UK, Spain , Rest of Europe, Asia Pacific, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Rest of South America, Middle East & Africa, Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa

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What our report offers:– Market share assessments for the regional and country level segments– Market share analysis of the top industry players – Strategic recommendations for the new entrants– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)– Strategic recommendations in key business segments based on the market estimations– Competitive landscaping mapping the key common trends– Company profiling with detailed strategies, financials, and recent developments– Supply chain trends mapping the latest technological advancements

Free Customization Offerings:All the customers of this report will be entitled to receive one of the following free customization options:• Company Profilingo Comprehensive profiling of additional market players (up to 3)o SWOT Analysis of key players (up to 3)• Regional Segmentationo Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)• Competitive Benchmarkingo Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances1 Executive Summary                      2 Preface            2.1 Abstract           2.2 Stake Holders          2.3 Research Scope          2.4 Research Methodology         2.5 Research Sources                     3 Market Trend Analysis                     4 Porters Five Force Analysis                     5 Global Legal Marijuana Market, By Product                   6 Global Legal Marijuana Market, By Marijuana Type                   7 Global Legal Marijuana Market, By Application                  8 Global Legal Marijuana Market, By Geography       ….Continued

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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.