Global Legal Marijuana Sales Market Report 2020
SKU ID : QYR-16691809 | Publishing Date : 27-Oct-2020 | No. of pages : 137
The commercial marijuana industry exists on a state-by-state basis, and all medical and recreational programs are technically in violation of federal drug laws. The U.S. Department of Justice issued some guidelines in recent years that helped the marijuana industry gain traction, but these are not legally binding and could theoretically be nullified at any time.
A medicinal cannabis product refers to a product which includes cannabis, and its chemical components (cannabinoids), that can be used for curing, or alleviating the symptoms of disease, ailment or injury.The two main cannabinoids that have been identified for therapeutic application are the psychoactive 9-tetrahydrocanabinol (THC) and non-psychoactive Cannabidiol (CBD).
The global average price of Legal Marijuana is in the decreasing trend, from 11.92 USD/g in 2012 to 7.5 USD/g in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Legal Marijuana includes Classical Media & Salts, Serum-free Media
Stem Cell Media, and the proportion of Classical Media & Salts in 2016 is about 50.07%, and the proportion is in decreasing trend from 2012 to 2017.
Market competition is not intense. Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc. and mCig Inc are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
Market Analysis and Insights: Global Legal Marijuana Market
The global Legal Marijuana market size is projected to reach US$ 70100 million by 2026, from US$ 16870 million in 2020, at a CAGR of 26.8% during 2021-2026.
Global Legal Marijuana Scope and Market Size
The global Legal Marijuana market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Legal Marijuana market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Legal Marijuana market is segmented into
Indoor
Greenhouse
Segment by Application, the Legal Marijuana market is segmented into
Recreational
Medical
The Legal Marijuana market is analysed and market size information is provided by regions (countries). Segment by Application, the Legal Marijuana market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Competitive Landscape
and Legal Marijuana Market Share AnalysisLegal Marijuana market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Legal Marijuana business, the date to enter into the Legal Marijuana market, Legal Marijuana product introduction, recent developments, etc.
The major vendors covered:
Medicine Man
Canopy Growth
Aphria
Aurora Cannabis Inc.
mCig Inc
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
- By Region