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Legal Marijuana Market Worth

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Legal Marijuana Market Worth

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  1. Legal Marijuana Market Worth $75.6 Billion By 2025 According to this latest publication from Meticulous Research®, the global legal marijuana market is expected to grow at a CAGR of 28.3% from 2019 to 2025 to reach $75.6 billion by 2025. The global legal marijuana market is majorly driven by increasing legalization of marijuana across the globe, growing medicinal application of marijuana, rising geriatric population who need treatment for chronic diseases, and growing awareness about the application of marijuana. In addition, huge untapped market provides significant opportunity for the growth of the legal marijuana market. However, the high cost associated with legal marijuana and strict regulations against usage of marijuana obstructs the growth of this market to some extent. Key Market Segments to Watch This study provides assessment of the global legal marijuana market on the basis of product type (buds / marijuana flower and marijuana extracts), marijuana extracts (oil, tinctures, and others), species (cannabis indica, cannabis sativa, and cannabis hybrid), strains (THC-dominant, CBD- dominant, and balanced THC and CBD), purchase channel (online and offline), application (medical, recreational, and cosmetics and others), medical application (chronic pain, mental disorders, cancer, and others), and end-use industries (pharmaceutical; food, beverages, and tobacco; personal care; and research and development centers). The study also evaluates industry competitors and analyses the market at country level. Based on product type, the global legal marijuana market is segmented into buds/ marijuana flower and marijuana extracts. Buds / marijuana flower held the largest market share of the global legal marijuana market in 2018. The large share of this segment is mainly attributed to the presence of large number of tobacco smokers. Based on strains, the CBD-dominant strains are expected to witness a rapid growth during the forecast period. The rapid growth of market is attributed to the fact that CBD has a broader therapeutic index compared to THC; and it is believed to help with appetite stimulation, bone- growth stimulation, immunosuppression, and neuroprotection. Based on application, legal marijuana market is segmented into three major segments namely, medical, recreational, and cosmetics and others. Medical segment accounted for the largest share of the global legal marijuana market in 2018. However, recreational application segment is expected to witness a rapid growth during the forecast period. The rapid growth of this market is primarily attributed growth in the number of consumers after legalization and growing trend of consuming marijuana as a substitution to alcohol. This research report analyzes major geographies and provides comprehensive analysis of North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The North America accounted for the largest share of the North America legal marijuana market in 2018. The region is

  2. also expected to witness the fastest growth during the forecast period. The major share of this region is mainly attributed to changing people's attitude toward marijuana use, large base of marijuana consumers, presence of key players in the region, rising acceptance for both medical and recreational purposes, and increasing investment from leading players. ??????????????: https://www.meticulousresearch.com/speak-to- analyst/cp_id=5022?utm_source=sb&utm_medium=Social&utm_campaign=Product&utm_content= 13-12-2022 Key Players The key players profiled in the global legal marijuana market report are Canopy Growth Corporation (Canada), Aphria, Inc. (Canada), Aurora Cannabis Inc. (Canada), Maricann Group, Inc. (Canada), Tilray, Inc. (Canada), Cronos Group Inc. (Canada), OrganiGram Holding Inc. (Canada), VIVO Cannabis Inc. (Canada), Tikun Olam Ltd. (Israel), The Green Organic Dutchman Holdings Ltd. (Canada), Terra Tech Corp. (U.S.), Medical Cannabis, Inc. (U.S.), Stenocare A/S (Denmark), Cannabis Science, Inc. (U.S.), and HEXO Corp. (Canada). Scope of the report Legal Marijuana Market, by Product Type Buds / marijuana Flower Cannabis Extracts Oil Tinctures Others Legal Marijuana Market, by Species Cannabis Indica Cannabis Sativa Cannabis Hybrid Legal Marijuana Market, by Strain THC-dominant CBD-dominant Balanced THC and CBD Legal Marijuana Market, by Purchase Channel Online

  3. Offline Legal Marijuana Market, by Application Medical Chronic Pain Mental Disorders Cancer Others Recreational Cosmetics & Others Legal Marijuana Market, by End-User Pharmaceutical Food, Beverages, and Tobacco Personal Care Research and Development Centres Legal Marijuana Market, by Geography North America U.S. Canada Europe Germany U.K. France Italy The Netherlands Rest of Europe Asia-Pacific Australia South Korea Rest of Asia-Pacific Latin America Argentina

  4. Colombia Uruguay Rest of Latin America Middle East and Africa South Africa Israel ???????????????????? @https://www.meticulousresearch.com/download-sample- report/cp_id=5022?utm_source=sb&utm_medium=Social&utm_campaign=Product&utm_content=1 3-12-2022

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