Legal Marijuana Market 2019 Increasing Demand, Growth Analysis and Strategic Outlook

Verifiedmarketresearch has published a report entitled Global Legal Marijuana Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

According to Verified Market Research, The Global Legal Marijuana Market was valued at USD 13.52 Billion in 2018 and is projected to reach USD 72.76 Billion by 2026, growing at a CAGR of 23.43 % from 2019 to 2026.

The major manufacturers covered in this report- Aurora Cannabis, Maricann Group, Inc.; GW Pharmaceuticals, plc.; Aphria, Inc.; Tilray; The Cronos Group; ABcann Medicinals, Inc.; Canopy Growth Corporation; Lexaria Corp.; and Organigram Holding, Inc

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What is Legal Marijuana?

The federal government’s push for legalization is a powerful suspect for growth, sparking a wave of innovation and entrepreneurship. The growth in legalization will cause more genuine businesses to enter the marijuana industry. As the topic is a controversial one, supply and demand exhibit unstable projection. Legalization and regulation of marijuana for recreational purposes in states with medical markets, policymakers and researcher’s changes continuously. Talking about innovation and developments, growing operations are becoming increasingly high-tech.

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Global Legal Marijuana Market, By Ingredient

Medical
Recreational

Global Legal Marijuana Market, By Application

Chronic Pain
Mental Disorders
Cancer
Others

Market Segment by Regions, regional analysis covers 2019-2026:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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What are the Legal Marijuana market factors that are explained in the report

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: The Global Legal Marijuana Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Verified Market Research provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Verified Market Research provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.