Marijuana is generally available in the dried leaves, flowers, stems, and seeds from the Cannabis sativa or Cannabis indica plant. The plant contains the chemical THC and other similar compounds that are mind-altering. The THC and CBD are main cannabinoids that are having some medicinal properties. The FDA has approved drugs containing THC. These drugs treat nausea provoked by chemotherapy and increase appetite in patients who have severe weight loss from AIDS. It treats two forms of severe childhood epilepsy.
The "Global Legal Marijuana Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Legal Marijuana market with detailed market segmentation by product Type, application, End-Use, Strains and geography. The report provides key statistics on the market status of the leading Legal Marijuana market players and offers key trends and opportunities in the market.
- Based on product Type, the global Legal Marijuana market is segmented into Flower, Concentrates, Oil, Tinctures.
- Based on Application, the global Legal Marijuana market is segmented into Chronic Pain, Mental Disorders, Cancer, Others .
- Based on End-Use, the global Legal Marijuana market is segmented into Conventional Medical Use, Adult Use.
- Based on Strains, the global Legal Marijuana market is segmented into Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant, Balanced THC and CBD.
- Rising legalization of marijuana in various countries
- Rising application of cannabis in medical product for treating cancer, arthritis and neurological disorders
- Stringent Regulatory Framework for Cannabis:
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Legal Marijuana market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Legal Marijuana market in these regions.
IMPACT OF COVID-19 ON LEGAL MARIJUANA MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. However, the demand for Legal Marijuana has decreased due to rising in COVID instances.
The report covers key developments in the Legal Marijuana market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Legal Marijuana market are anticipated to lucrative growth opportunities in the future with the rising demand for Legal Marijuana in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Legal Marijuana market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Canopy Growth Corporation
- Aurora Cannabis Inc.
- Terra Tech Corp
- Aphria Inc.
- Vivo Cannabis Inc.
- Chronos Group Inc.
- Medical Marijuana, Inc
- Tikun Olam.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.