As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
North America is a major contributor to the market growth of legal marijuana globally. Supported by favourable government policies, the United States has emerged as the largest market for legal marijuana across the globe. Medical marijuana is being preferred over opioid painkillers as a result of the large pool of patients with chronic pain and the growing geriatric population within the region.
The market growth of legal marijuana is expected to grow owing to the growing R&D activities related to cannabis across the globe over the forecast period. In 2019, Santé Cannabis, a pioneer in medical cannabis, announced a partnership with Spectrum Therapeutics, the medical division of Canopy Growth (NYSE: CGC), to launch the Prescriber Training Program, aimed to aid patients and physicians. This is predicted to positively influence the market growth of legal marijuana. Later, in 2020, Aphria Inc. (NASDAQ: APHA), a leading global cannabis company, announced its entry into a Strategic Supply Agreement with Canndoc Ltd., a subsidiary of InterCure Ltd. (TASE: INCR), one of the largest and most established medical cannabis producers in Israel. This is predicted to aid the market expansion of legal marijuana across the globe.
Market Analysis by Type, Product, Distribution Channel, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global legal marijuana market are Canopy Growth Corp., Aphria, Inc, Aurora Cannabis, Maricann Group, Inc., GW Pharmaceuticals, plc., and VIVO Cannabis Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.