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Global Legal Cannabis Market 2020-2024
Technavio has been monitoring the legal cannabis market and it is poised to grow by $ 27.89 bn during 2020-2024 progressing at a CAGR of 21% during the forecast period. Our reports on the legal cannabis market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising number of countries decriminalizing and legalizing cannabis, health benefits of medical cannabis and increasing number of medical cannabis dispensaries.
The legal cannabis market analysis includes product segment and geographic landscapes.
Technavio's legal cannabis market is segmented as below:
By Product
• Medical
• Recreational
By Geographic Landscapes
• North America
• Europe
• APAC
• South America
• MEA
This study identifies the use of advanced techniques in cannabis cultivation as one of the prime reasons driving the legal cannabis market growth during the next few years. Also, a growing number of patients who need cannabis for medical use and the launch of medical cannabis education programs will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our legal cannabis market covers the following areas:
• Legal cannabis market sizing
• Legal cannabis market forecast
• Legal cannabis market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading legal cannabis market vendors that include Aphria Inc., Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Cronos Group Inc., CV Sciences Inc., GW Pharmaceuticals Plc, Medical Marijuana Inc., Tilray Inc., and VIVO Cannabis Inc. Also, the legal cannabis market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. For further information on this report, please visit - https://www.technavio.com/report/report/legal-cannabis-market-industry-analysis
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Technavio has been monitoring the legal cannabis market and it is poised to grow by $ 27.89 bn during 2020-2024 progressing at a CAGR of 21% during the forecast period. Our reports on the legal cannabis market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising number of countries decriminalizing and legalizing cannabis, health benefits of medical cannabis and increasing number of medical cannabis dispensaries.
The legal cannabis market analysis includes product segment and geographic landscapes.
Technavio's legal cannabis market is segmented as below:
By Product
• Medical
• Recreational
By Geographic Landscapes
• North America
• Europe
• APAC
• South America
• MEA
This study identifies the use of advanced techniques in cannabis cultivation as one of the prime reasons driving the legal cannabis market growth during the next few years. Also, a growing number of patients who need cannabis for medical use and the launch of medical cannabis education programs will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our legal cannabis market covers the following areas:
• Legal cannabis market sizing
• Legal cannabis market forecast
• Legal cannabis market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading legal cannabis market vendors that include Aphria Inc., Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Cronos Group Inc., CV Sciences Inc., GW Pharmaceuticals Plc, Medical Marijuana Inc., Tilray Inc., and VIVO Cannabis Inc. Also, the legal cannabis market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. For further information on this report, please visit - https://www.technavio.com/report/report/legal-cannabis-market-industry-analysis
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
