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Global Legal Marijuana Market - Industry Trends and Forecast to 2032

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​REPORT OVERVIEW

Global Legal Marijuana Market, By Species (Sativa, Indica, Hybrid), Compound (Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant, Balanced THC & CBD), Type (Recreational Marijuana, Medical Marijuana), Application (Chronic Pain, Mental Disorders, Cancer, Others), Mode of Delivery (Capsules, Concentrates, Edibles, Others), Product Type (Buds/marijuana Flower, Cannabis Extracts, Oil, Tinctures, Others), Purchase Channel (Online, Offline), End-User (Pharmaceutical, Food, Beverages, Tobacco, Personal Care, Research and Development Centers), Application (Chronic Pain, Mental Disorders, Cancer, Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.

Market Insights
The global legal marijuana market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.

Legal marijuana is cannabis that has been given permission to be used for either medical or recreational purposes and is subject to local laws and regulations. To maintain safety and compliance, these regulations permit the growing, distributing, selling, and consuming of marijuana within predetermined bounds. The legal marijuana market comprises a wide range of operations, including cannabis plant production, marijuana-based product manufacturing (such as edibles, oils, and tinctures), retail sales, and distribution. It also includes supporting services for the cannabis sector such as technological development, marketing, and consultancy. Strict regulatory frameworks, quality control procedures, and an emphasis on customer safety and product efficacy are characteristics of this market, which aims to lessen illicit commerce and foster economic growth through legal channels.

The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
  • Growing recognition of medical benefits.
  • Increase in consumer demand for recreational use.
RESTRAINTS
  • Regulatory and legal challenges.
  • Social stigma associated with marijuana use
OPPORTUNITIES
  • Development of new therapeutic applications.
  • Potential for significant tax revenues for governments.
CHALLENGES
  • Navigating complex regulatory environments.
  • Ensuring product quality and safety.

​SEGMENTATION

  • Species
    • Sativa
    • Indica
    • Hybrid
  • Compound
    • Tetrahydrocannabinol (THC)-Dominant
    • Cannabidiol (CBD)-Dominant
    • Balanced THC & CBD
  • Type
    • Recreational Marijuana
    • Medical Marijuana
  • Application
    • Chronic Pain
    • Mental Disorders
    • Cancer
    • Others
  • Mode of Delivery
    • Capsules
    • Concentrates
    • Edibles
    • Others
  • Product Type
    • Buds/marijuana Flower
    • Cannabis Extracts
    • Oil
    • Tinctures
    • Others
  • Purchase Channel
    • Online
    • Offline
  • End-User
    • Pharmaceutical
    • Food
    • Beverages
    • Tobacco
    • Personal Care
    • Research and Development Centers
  • Application
    • Chronic Pain
    • Mental Disorders
    • Cancer
    • Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • The Netherlands
    • Belgium
    • Turkey
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Singapore
    • Malaysia
    • Australia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Chile
    • Colombia
    • Rest of South America
  • Middle East and Africa
    • Kingdom of Saudi Arabia
    • South Africa
    • U.A.E.
    • Egypt
    • Rest of Middle East and Africa

​KEY MARKET PLAYERS

  • Canopy Growth Corporation
  • AURORA CANNABIS INC.
  • Tilray Brands Inc. 
  • ABcann Medicinals, Inc.
  • The Cronos Group
  • MARICANN INC.
  • Organigram Holdings Inc.
  • Lexaria Bioscience
  • GW Pharmaceuticals 
  • Tikun Olam

​Table OF CONTENTS

  • SECTION 1 - INTRODUCTION
  • 1.1 Taxonomy
  • 1.2 Market Overview
  • 1.3 Currency and Limitations
  •   1.3.1 Currency
  •   1.3.2 Limitations
  • 1.4 Key Competitors

  • SECTION 2 - RESEARCH METHODOLOGY
  • 2.1 Research Approach
  • 2.2 Data Collection and Validation
  •   2.2.1 Secondary Research
  •   2.2.2 Primary Research
  • 2.3 Market Assessment
  •   2.3.1 Market Size Estimation
  •   2.3.2 Bottom-up Approach
  •   2.3.3 Top-down Approach
  •   2.3.4 Growth Forecast
  • 2.4 Market Study Assumptions
  • 2.5 Data Sources

  • SECTION 3 - EXECUTIVE SUMMARY
  • 3.1 Global Legal Marijuana Market, by Species
  • 3.2 Global Legal Marijuana Market, by Compound
  • 3.3 Global Legal Marijuana Market, by Type
  • 3.4 Global Legal Marijuana Market, by Application
  • 3.5 Global Legal Marijuana Market, by Mode of Delivery
  • 3.6 Global Legal Marijuana Market, by Product Type
  • 3.7 Global Legal Marijuana Market, by Purchase Channel
  • 3.8 Global Legal Marijuana Market, by End-User
  • 3.9 Global Legal Marijuana Market, by Application
  • 3.10 Global Legal Marijuana Market, by Geography
  • 3.11 Market Position Grid

  • SECTION 4 - PREMIUM INSIGHTS
  • 4.1 Regulatory Framework
  •   4.1.1 Standards
  •   4.1.2 Regulatory Landscape
  • 4.2 Value Chain Analysis
  • 4.3 Supply Chain Analysis
  • 4.4 COVID-19 Impact
  • 4.5 Russia-Ukraine War Impact
  • 4.6 PORTER's Five Force Analysis
  • 4.7 PESTLE Analysis
  • 4.8 SWOT Analysis
  • 4.9 Go to Market Strategy
  • 4.10 Opportunity Orbit
  • 4.11 Multivariate Modelling
  • 4.12 Pricing Analysis

  • SECTION 5 - MARKET DYNAMICS
  • 5.1 Trends
  •   5.1.1 Advancement in Cultivation Technology.
  •   5.1.2 Increasing Legalization and decriminalization across various regions.
  •   5.1.3 Trend 3
  • 5.2 Drivers
  •   5.2.1 Growing recognition of medical benefits.
  •   5.2.2 Increase in consumer demand for recreational use.
  •   5.2.3 Driver 3
  •   5.2.4 Driver 4
  • 5.3 Restraints
  •   5.3.1 Regulatory and legal challenges.
  •   5.3.2 Social stigma associated with marijuana use
  •   5.3.3 Restraint 3
  • 5.4 Opportunities
  •   5.4.1 Development of new therapeutic applications.
  •   5.4.2 Potential for significant tax revenues for governments.
  •   5.4.3 Opportunity 3
  •   5.4.4 Opportunity 4
  • 5.5 Challenges
  •   5.5.1 Navigating complex regulatory environments.
  •   5.5.2 Ensuring product quality and safety.
  •   5.5.3 Challenge 3

  • SECTION 6 - GLOBAL LEGAL MARIJUANA MARKET, BY SPECIES
  • 6.1 Species Summary
  • 6.2 Market Attractive Index
  • 6.3 Global Legal Marijuana Market, by Species (2019-2032)

  • SECTION 7 - GLOBAL LEGAL MARIJUANA MARKET, BY COMPOUND
  • 7.1 Compound Summary
  • 7.2 Market Attractive Index
  • 7.3 Global Legal Marijuana Market, by Compound (2019-2032)

  • SECTION 8 - GLOBAL LEGAL MARIJUANA MARKET, BY TYPE
  • 8.1 Type Summary
  • 8.2 Market Attractive Index
  • 8.3 Global Legal Marijuana Market, by Type (2019-2032)

  • SECTION 9 - GLOBAL LEGAL MARIJUANA MARKET, BY APPLICATION
  • 9.1 Application Summary
  • 9.2 Market Attractive Index
  • 9.3 Global Legal Marijuana Market, by Application (2019-2032)

  • SECTION 10 - GLOBAL LEGAL MARIJUANA MARKET, BY MODE OF DELIVERY
  • 10.1 Mode of Delivery Summary
  • 10.2 Market Attractive Index
  • 10.3 Global Legal Marijuana Market, by Mode of Delivery (2019-2032)

  • SECTION 11 - GLOBAL LEGAL MARIJUANA MARKET, BY PRODUCT TYPE
  • 11.1 Product Type Summary
  • 11.2 Market Attractive Index
  • 11.3 Global Legal Marijuana Market, by Product Type (2019-2032)

  • SECTION 12 - GLOBAL LEGAL MARIJUANA MARKET, BY PURCHASE CHANNEL
  • 12.1 Purchase Channel Summary
  • 12.2 Market Attractive Index
  • 12.3 Global Legal Marijuana Market, by Purchase Channel (2019-2032)

  • SECTION 13 - GLOBAL LEGAL MARIJUANA MARKET, BY END-USER
  • 13.1 End-User Summary
  • 13.2 Market Attractive Index
  • 13.3 Global Legal Marijuana Market, by End-User (2019-2032)

  • SECTION 14 - GLOBAL LEGAL MARIJUANA MARKET, BY APPLICATION
  • 14.1 Application Summary
  • 14.2 Market Attractive Index
  • 14.3 Global Legal Marijuana Market, by Application (2019-2032)

  • SECTION 15 - GLOBAL LEGAL MARIJUANA MARKET, BY GEOGRAPHY
  • 15.1 Regional Summary
  • 15.2 Market Attractive Index
  • 15.3 Global Legal Marijuana Market, by Geography (2019-2032)

  • SECTION 16 - NORTH AMERICA LEGAL MARIJUANA MARKET
  • 16.1 North America Summary
  • 16.2 Market Attractive Index
  • 16.3 North America Legal Marijuana Market, by Species (2019-2032)
  • 16.4 North America Legal Marijuana Market, by Compound (2019-2032)
  • 16.5 North America Legal Marijuana Market, by Type (2019-2032)
  • 16.6 North America Legal Marijuana Market, by Application (2019-2032)
  • 16.7 North America Legal Marijuana Market, by Mode of Delivery (2019-2032)
  • 16.8 North America Legal Marijuana Market, by Product Type (2019-2032)
  • 16.9 North America Legal Marijuana Market, by Purchase Channel (2019-2032)
  • 16.10 North America Legal Marijuana Market, by End-User (2019-2032)
  • 16.11 North America Legal Marijuana Market, by Application (2019-2032)
  • 16.12 North America Legal Marijuana Market, by Country (2019-2032)
  •   16.12.1 U.S.
  •   16.12.2 Canada
  •   16.12.3 Mexico
  •   16.12.4 Rest of North America

  • SECTION 17 - EUROPE LEGAL MARIJUANA MARKET
  • 17.1 Europe Summary
  • 17.2 Market Attractive Index
  • 17.3 Europe Legal Marijuana Market, by Species (2019-2032)
  • 17.4 Europe Legal Marijuana Market, by Compound (2019-2032)
  • 17.5 Europe Legal Marijuana Market, by Type (2019-2032)
  • 17.6 Europe Legal Marijuana Market, by Application (2019-2032)
  • 17.7 Europe Legal Marijuana Market, by Mode of Delivery (2019-2032)
  • 17.8 Europe Legal Marijuana Market, by Product Type (2019-2032)
  • 17.9 Europe Legal Marijuana Market, by Purchase Channel (2019-2032)
  • 17.10 Europe Legal Marijuana Market, by End-User (2019-2032)
  • 17.11 Europe Legal Marijuana Market, by Application (2019-2032)
  • 17.12 Europe Legal Marijuana Market, by Country (2019-2032)
  •   17.12.1 Germany
  •   17.12.2 U.K.
  •   17.12.3 France
  •   17.12.4 Italy
  •   17.12.5 Spain
  •   17.12.6 Russia
  •   17.12.7 The Netherlands
  •   17.12.8 Belgium
  •   17.12.9 Turkey
  •   17.12.10 Rest of Europe

  • SECTION 18 - ASIA-PACIFIC LEGAL MARIJUANA MARKET
  • 18.1 Asia-Pacific Summary
  • 18.2 Market Attractive Index
  • 18.3 Asia-Pacific Legal Marijuana Market, by Species (2019-2032)
  • 18.4 Asia-Pacific Legal Marijuana Market, by Compound (2019-2032)
  • 18.5 Asia-Pacific Legal Marijuana Market, by Type (2019-2032)
  • 18.6 Asia-Pacific Legal Marijuana Market, by Application (2019-2032)
  • 18.7 Asia-Pacific Legal Marijuana Market, by Mode of Delivery (2019-2032)
  • 18.8 Asia-Pacific Legal Marijuana Market, by Product Type (2019-2032)
  • 18.9 Asia-Pacific Legal Marijuana Market, by Purchase Channel (2019-2032)
  • 18.10 Asia-Pacific Legal Marijuana Market, by End-User (2019-2032)
  • 18.11 Asia-Pacific Legal Marijuana Market, by Application (2019-2032)
  • 18.12 Asia-Pacific Legal Marijuana Market, by Country (2019-2032)
  •   18.12.1 China
  •   18.12.2 India
  •   18.12.3 Japan
  •   18.12.4 South Korea
  •   18.12.5 Singapore
  •   18.12.6 Malaysia
  •   18.12.7 Australia
  •   18.12.8 Thailand
  •   18.12.9 Philippines
  •   18.12.10 Rest of Asia-Pacific

  • SECTION 19 - SOUTH AMERICA LEGAL MARIJUANA MARKET
  • 19.1 South America Summary
  • 19.2 Market Attractive Index
  • 19.3 South America Legal Marijuana Market, by Species (2019-2032)
  • 19.4 South America Legal Marijuana Market, by Compound (2019-2032)
  • 19.5 South America Legal Marijuana Market, by Type (2019-2032)
  • 19.6 South America Legal Marijuana Market, by Application (2019-2032)
  • 19.7 South America Legal Marijuana Market, by Mode of Delivery (2019-2032)
  • 19.8 South America Legal Marijuana Market, by Product Type (2019-2032)
  • 19.9 South America Legal Marijuana Market, by Purchase Channel (2019-2032)
  • 19.10 South America Legal Marijuana Market, by End-User (2019-2032)
  • 19.11 South America Legal Marijuana Market, by Application (2019-2032)
  • 19.12 South America Legal Marijuana Market, by Country (2019-2032)
  •   19.12.1 Brazil
  •   19.12.2 Argentina
  •   19.12.3 Chile
  •   19.12.4 Colombia
  •   19.12.5 Rest of South America

  • SECTION 20 - MIDDLE EAST AND AFRICA LEGAL MARIJUANA MARKET
  • 20.1 Middle East and Africa Summary
  • 20.2 Market Attractive Index
  • 20.3 Middle East and Africa Legal Marijuana Market, by Species (2019-2032)
  • 20.4 Middle East and Africa Legal Marijuana Market, by Compound (2019-2032)
  • 20.5 Middle East and Africa Legal Marijuana Market, by Type (2019-2032)
  • 20.6 Middle East and Africa Legal Marijuana Market, by Application (2019-2032)
  • 20.7 Middle East and Africa Legal Marijuana Market, by Mode of Delivery (2019-2032)
  • 20.8 Middle East and Africa Legal Marijuana Market, by Product Type (2019-2032)
  • 20.9 Middle East and Africa Legal Marijuana Market, by Purchase Channel (2019-2032)
  • 20.10 Middle East and Africa Legal Marijuana Market, by End-User (2019-2032)
  • 20.11 Middle East and Africa Legal Marijuana Market, by Application (2019-2032)
  • 20.12 Middle East and Africa Legal Marijuana Market, by Country (2019-2032)
  •   20.12.1 Kingdom of Saudi Arabia
  •   20.12.2 South Africa
  •   20.12.3 U.A.E.
  •   20.12.4 Egypt
  •   20.12.5 Rest of Middle East and Africa

  • SECTION 21 - COMPANY SHARE ANALYSIS
  • 21.1 Global Legal Marijuana Market, Company Share Analysis
  • 21.2 North America Legal Marijuana Market, Company Share Analysis
  • 21.3 Europe Legal Marijuana Market, Company Share Analysis
  • 21.4 Asia-Pacific Legal Marijuana Market, Company Share Analysis

  • SECTION 22 - COMPANY PROFILES
  • 22.1 Canopy Growth Corporation
  •   22.1.1 Company Snapshot
  •   22.1.2 Financial Overview
  •   22.1.3 Product Portfolio
  •   22.1.4 Recent Developments
  • 22.2 AURORA CANNABIS INC.
  •   22.2.1 Company Snapshot
  •   22.2.2 Financial Overview
  •   22.2.3 Product Portfolio
  •   22.2.4 Recent Developments
  • 22.3 Tilray Brands Inc.
  •   22.3.1 Company Snapshot
  •   22.3.2 Financial Overview
  •   22.3.3 Product Portfolio
  •   22.3.4 Recent Developments
  • 22.4 ABcann Medicinals, Inc.
  •   22.4.1 Company Snapshot
  •   22.4.2 Financial Overview
  •   22.4.3 Product Portfolio
  •   22.4.4 Recent Developments
  • 22.5 The Cronos Group
  •   22.5.1 Company Snapshot
  •   22.5.2 Financial Overview
  •   22.5.3 Product Portfolio
  •   22.5.4 Recent Developments
  • 22.6 MARICANN INC.
  •   22.6.1 Company Snapshot
  •   22.6.2 Financial Overview
  •   22.6.3 Product Portfolio
  •   22.6.4 Recent Developments
  • 22.7 Organigram Holdings Inc.
  •   22.7.1 Company Snapshot
  •   22.7.2 Financial Overview
  •   22.7.3 Product Portfolio
  •   22.7.4 Recent Developments
  • 22.8 Lexaria Bioscience
  •   22.8.1 Company Snapshot
  •   22.8.2 Financial Overview
  •   22.8.3 Product Portfolio
  •   22.8.4 Recent Developments
  • 22.9 GW Pharmaceuticals
  •   22.9.1 Company Snapshot
  •   22.9.2 Financial Overview
  •   22.9.3 Product Portfolio
  •   22.9.4 Recent Developments
  • 22.10 Tikun Olam
  •   22.10.1 Company Snapshot
  •   22.10.2 Financial Overview
  •   22.10.3 Product Portfolio
  •   22.10.4 Recent Developments

  • SECTION 23 - RELATED REPORTS

  • SECTION 24 - DISCLAIMER

​RESEARCH METHODOLOGY

The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.

Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.

The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.

Below mention are few of the sources which we have considered while estimating the market size:
For instance,
  • Research articles published on Technium
  • Science and MDPI
  • Research publications by government approved associations and societies

Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING

The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.

MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.

Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.

We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT

Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.

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