8/2/2021 10:44 AM ET
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The report “Analysis of Legal Cannabis Market Size, Share and Trends by Source (Marijuana, Hemp), by End Use (Leisure, Medical), by Derivatives (CBD, THC), by Region and Segment Forecasts, 2021-2028” has been published added ResearchAndMarkets.com offer.
It is expected to reach global legal cannabis market size $ 91.5 billion by 2028 with a CAGR of 26.3% in the forecast period.
Due to recent legalization in several parts of the world, the use of cannabis for medicinal purposes is growing in importance. Medical cannabis is used to treat various chronic diseases such as Parkinson’s, Alzheimer’s, arthritis, cancer, depression, anxiety, epilepsy, and other neurological diseases. Thus, a wide range of applications has led to increased product demand for the treatment of various chronic diseases.
Due to the slow acceptance of cannabis in various countries, some developed countries, such as Canada, Uruguay and certain states in the US have gone a step further and legalized the recreational use of cannabis. Since recreational cannabis is easily available in the market for a cheap price, the demand for cannabis has grown exponentially.
This is said to increase cannabis cultivation to meet growing demand. However, the COVID-19 pandemic has slowed market growth due to the imposition of a lockdown that restricts consumers from visiting brick and mortar stores.
Based on the sources, the marijuana segment had the highest revenue share in 2020 and is expected to show the fastest growth rate over the forecast period. This is due to increased awareness of its medical benefits and easy availability.
For example, marijuana oil is used to treat cancer and nausea, and can also be used to improve the sleep cycle and relieve stress, pain, and anxiety. The decriminalization and legalization of medical marijuana in some countries has resulted in a significant decline in the black market.
In addition, the high potency of marijuana-derived CBD is one of the key factors behind the large portion of the segment. The use of cannabis for medicinal applications, because of its benefits in various treatment processes, has seen expansion with increasing support from the scientific community.
In recent years, numerous countries have legalized medical cannabis, but its prescription depends on patient demand and the doctor’s preference. The recreational use segment is expected to be the fastest growing segment over the forecast period.
Legal Cannabis Market Report Highlights
- The market size is expected to be estimated at $ 91.5 billion by 2028 due to the increasing legalization of cannabis around the world
- The medical end-use segment dominated the market in 2020 and will maintain the leading position in the forecast years
- This growth is due to the growing geriatric population and increasing demand for cannabis for various medical purposes, such as:
- North America was the largest regional market in 2020 due to high demand and positive attitudes towards cannabis
Key topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Summary
Chapter 3 Global Legal Cannabis Market Variables, Trends, and Scope
3.1 Market segmentation
3.2 Penetration and growth perspective mapping
3.3 Market dynamics
3.4 Global Legal Cannabis Industry: History of the Medical Use of Cannabis
3.5 Global Legal Cannabis Industry: History of Cannabis Industrial Use
3.6 Global Legal Cannabis Industry: Number of Clinical Studies, by Region
3.7 Global Legal Cannabis Industry: Legalization Timeline
3.7.1 Legalization landscape (timeline)
3.7.2 The US legalization landscape
3.7.3 Global Legal Cannabis Regulatory Scenario, By Country
18.104.22.168 The USA
22.214.171.124 The Netherlands
126.96.36.199 Czech Republic
3.8 Global Cannabis Market: Analysis of Patterns of Use by Region
3.9 Global Legal Cannabis Industry: Potential Trade Opportunity
3.9.1 Analysis of trading opportunities, by region
3.9.2 Global Legal Cannabis Trade Route
3.9.3 Global trade route for hemp
3.9.4 Countries that import and export medicinal cannabis (flower)
3.9.5 Countries that import and export cannabis seeds
3.9.6 Countries that import and export hemp seed oil
3.10 Global Legal Cannabis Industry: Seed-to-Shelf History
3.10.1 Section description
188.8.131.52 Cultivators and growers
184.108.40.206 Manufacturers and producers
220.127.116.11 Wholesalers and Distributors
3.10.2 Analysis of the supply chain
18.104.22.168 Profit margin estimation
3.11 Global Legal Cannabis Industry: Country Case Studies
Chapter 4 Global Legal Cannabis Market: Source Estimates and Trending Analysis
4.1 Segment dashboard
4.2 Global Legal Cannabis Market: Source Movement Analysis, 2020 and 2028 (MILLION USD)
22.214.171.124 Oil and tinctures
126.96.36.199 Hemp market estimates and forecasts, 2014 – 2028 (in millions of USD)
188.8.131.52 Hemp CBD
184.108.40.206 Industrial hemp
Chapter 5 Global Legal Cannabis Market: Derivatives Estimates and Trend Analysis
5.1 Segment dashboard
5.2 Global Legal Cannabis Market: Derivatives Movement Analysis, 2020 and 2028 (MILLION USD)
Chapter 6 Global Legal Cannabis Market: End Use Estimates and Trend Analysis
6.1 Segment dashboard
6.2 Global Legal Cannabis Market: End Use Movement Analysis, 2020 and 2028 (MILLION USD)
6.2.1 Medical use
220.127.116.11 Chronic pain
18.104.22.168 Depression and Anxiety
22.214.171.124 Multiple sclerosis
126.96.36.199 Amyotrophic lateral sclerosis
188.8.131.52 Post-Traumatic Stress Disorder (PTSD)
6.2.2 Recreational use
6.2.3 Industrial use
Chapter 7 Global Legal Cannabis Market: Competitive Analysis
7.1 Analysis of the company’s market position
7.2 Strategic framework
Chapter 8 Global Legal Cannabis Market: Regional Estimates and Trending Analysis: By Product, Sources and End User
8.1 Regional market snapshot
8.2 Global Legal Cannabis Market: Regional Movement Analysis, 2020 and 2028 (MILLION USD)
Chapter 9 Competitive Landscape
- Canopy Growth Corporation
- GW Pharma, PLC
- Aurora Cannabis, Inc.
- Aphria, Inc. (prior to merger with Tilray)
- Cronos group
- Sundial Growers, Inc.
- Insys Therapeutics, Inc.
- The Scotts Company LLC
- Vivo Cannabis Inc.
- Cara Therapeutics, Inc.
Please visit https://www.researchandmarkets.com/r/15dm6f for more information on this report
Research and Markets
Laura wood, Senior manager
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Laura Wood, senior manager
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