Reports
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.
Global Legal Marijuana Market: By Type: Medical, Recreational; By Product: Buds, Oil, Tinctures; By Distribution Channel; By Application: Chronic Pain, Mental Disorders, Cancer; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Legal Marijuana Market Outlook
The global legal marijuana market reached a value of about USD 17 billion in 2020. The market is further expected to grow at a CAGR of 21% in the forecast period of 2022-2027 to reach a value of approximately USD 53 billion by 2026.
The legal marijuana market is being driven by the growing legalisation of cannabis in different parts of the world and the growing awareness regarding the therapeutic effects of marijuana. The more open the market becomes, the higher will be the awareness, de-stigmatisation, and acceptance of marijuana, thus, leading to further market growth.
Based on type, the industry is divided into medical and recreational segments. Among these, the medical segment holds a significant share of the market owing to the increasing demand of cannabis in pharmaceutical applications. Cannabis is being increasingly adopted to treat medical conditions, like cancer, arthritis, Alzheimer's disease, and neurological disorders, among others. Further, the growing incidence of chronic pain is leading to a rise in demand for the product in pain management therapies with minimal side effects, thus, aiding the overall market growth.
The global legal marijuana market is dominated by the North America region, with the United States being the major growth driving region in the market. The United States is the world's largest market for legal cannabis, supported by favourable government policies. The presence of a large pool of patients with chronic pain and the growing geriatric population is driving the demand for medical marijuana, which is being preferred over opioid painkillers in the region.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Properties and Applications
Marijuana refers to the viable seeds, leaves, and flowers of the cannabis plant. Cannabis, an annual, dioecious herb, is a genus of flowering plants in the family Cannabaceae. It is mostly used for recreational purposes or as a medicinal drug. However, it may also be utilised for spiritual purposes. The use and cultivation of cannabis are illegal in many countries of the world, but with the growing knowledge regarding its medicinal benefits, prohibition on its use is witnessing a steady decline.
Based on type, the industry is being segmented into:
- Medical
- Recreational
Based on the product, the market is divided into:
- Buds
- Oil
- Tinctures
- Others
On the basis of the distribution channel, the industry is categorised into:
- Pharmacy Stores
- Online
- Others
On the basis of application, the industry is divided into:
- Chronic Pain
- Mental Disorders
- Cancer
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Analysis
The growing legalisation of cannabis and favourable government policies is driving the demand for marijuana in different parts of the world. Different research studies have found the potential benefits of cannabis in various treatments, including cancer and neurological disorders, thus increasing its demand in the medical sector. Due to the increasing prevalence of chronic pain, the demand for the product is expected to grow as it helps to relieve pain symptoms with less risk of overdose and side effects as compared to opioids. The growing geriatric population is also expected to contribute to the growth of the medical marijuana market.
Moreover, owing to the rising disposable incomes, the consumers are ready to spend more for recreational purposes. Adults are in favour of some form of legal marijuana usage, and adult-use sales are expected to drive the growth of the industry in regions like the United States and Canada.
The increasing cannabis-related research and development activities and clinical trials, coupled with the rising applications of marijuana in the pharmaceutical sector, are expected to aid the overall industry growth significantly. This is expected to positively affect the expansion of the global legal marijuana market in the next five years.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Competitive Landscape
The report gives a detailed analysis of the following key players in the global legal marijuana market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Canopy Growth Corp.
- Aphria, Inc
- Aurora Cannabis
- Maricann Group, Inc.
- GW Pharmaceuticals, plc.
- VIVO Cannabis Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Product, Distribution Channel, Application, Region |
| Breakup by Type | Medical, Recreational |
| Breakup by Product | Buds, Oil, Tinctures, Others |
| Breakup by Distribution Channel | Pharmacy Stores, Online, Others |
| Breakup by Application | Chronic Pain, Mental Disorders, Cancer, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Canopy Growth Corp., Aphria, Inc, Aurora Cannabis, Maricann Group, Inc., GW Pharmaceuticals, plc., VIVO Cannabis Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Legal Marijuana Market Analysis
8.1 Key Industry Highlights
8.2 Global Legal Marijuana Historical Market (2017-2021)
8.3 Global Legal Marijuana Market Forecast (2022-2027)
8.4 Global Legal Marijuana Market by Type
8.4.1 Medical
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Recreational
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Legal Marijuana Market by Product
8.5.1 Buds
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Oil
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Tinctures
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Legal Marijuana Market by Distribution Channel
8.6.1 Pharmacy Stores
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Online
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Others
8.7 Global Legal Marijuana Market by Application
8.7.1 Chronic Pain
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Mental Disorders
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Cancer
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Others
8.8 Global Legal Marijuana Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Company Profiles
13.3.1 Canopy Growth Corp.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Demographic Reach and Achievements
13.3.1.4 Certifications
13.3.2 Aphria, Inc
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Demographic Reach and Achievements
13.3.2.4 Certifications
13.3.3 Aurora Cannabis
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Demographic Reach and Achievements
13.3.3.4 Certifications
13.3.4 Maricann Group, Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Demographic Reach and Achievements
13.3.4.4 Certifications
13.3.5 GW Pharmaceuticals, plc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Demographic Reach and Achievements
13.3.5.4 Certifications
13.3.6 VIVO Cannabis Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Demographic Reach and Achievements
13.3.6.4 Certifications
13.3.7 Others
14 Industry Events and Developments
Additional Customisation Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Legal Marijuana Market: Key Industry Highlights, 2016 and 2026
2. Global Legal Marijuana Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Legal Marijuana Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Legal Marijuana Historical Market: Breakup by Product (USD Billion), 2017-2021
5. Global Legal Marijuana Market Forecast: Breakup by Product (USD Billion), 2022-2027
6. Global Legal Marijuana Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
7. Global Legal Marijuana Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
8. Global Legal Marijuana Historical Market: Breakup by Application (USD Billion), 2017-2021
9. Global Legal Marijuana Market Forecast: Breakup by Application (USD Billion), 2022-2027
10. Global Legal Marijuana Historical Market: Breakup by Region (USD Billion), 2017-2021
11. Global Legal Marijuana Market Forecast: Breakup by Region (USD Billion), 2022-2027
12. North America Legal Marijuana Historical Market: Breakup by Country (USD Billion), 2017-2021
13. North America Legal Marijuana Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Europe Legal Marijuana Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Europe Legal Marijuana Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Asia Pacific Legal Marijuana Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Asia Pacific Legal Marijuana Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Latin America Legal Marijuana Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Latin America Legal Marijuana Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Middle East and Africa Legal Marijuana Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Middle East and Africa Legal Marijuana Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. North America Historical Price Trends and Forecast 2017-2027
23. Europe Historical Price Trends and Forecast 2017-2027
24. Asia Pacific Historical Price Trends and Forecast 2017-2027
25. Latin America Historical Price Trends and Forecast 2017-2027
26. Middle East and Africa Historical Price Trends and Forecast 2017-2027
27. Global Legal Marijuana Market Structure
Key Questions Answered in the Report
In 2020, the global legal marijuana market attained a value of nearly USD 17 billion.
The market is projected to grow at a CAGR of 21% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 53 billion by 2026.
The major drivers of the industry, such as growing awareness regarding the therapeutic applications of the product, favourable government policies, rising disposable incomes, increasing geriatric population, and the increasing prevalence of cancer, mental disorders, and chronic pain, are expected to aid the market growth.
The growing research and development activities related to cannabis is the key market trend guiding the growth of the legal marijuana market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.
Medical and recreational are the major legal marijuana types in the industry.
Buds, oil, and tinctures, among others, are the significant products available in the industry.
The major distribution channels of the product include pharmacy stores and online, among others.
Chronic pain, mental disorders, and cancer, among others, are the significant application segments of the product.
The major players in the industry are Canopy Growth Corp., Aphria, Inc, Aurora Cannabis, Maricann Group, Inc., GW Pharmaceuticals, plc., and VIVO Cannabis Inc., among others.
Analyst Review
The global legal marijuana market attained a value of USD 17 billion in 2020, driven by favourable government initiatives and the rising prevalence of chronic pain among the growing geriatric population. Aided by the growing investments in cannabis-related R&D activities, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 21%. The legal marijuana market is projected to reach USD 53 billion by 2026.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the legal marijuana industry can be bifurcated into medical and recreational segments. On the basis of product type, the industry is divided into buds, oil, and tinctures, among others. By distribution channel, the industry is categorised into pharmacy stores and online, among others. Based on application, the industry is segmented into chronic pain, mental disorders, and cancer, among others. The major regional markets for legal marijuana are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Canopy Growth Corp., Aphria, Inc, Aurora Cannabis, Maricann Group, Inc., GW Pharmaceuticals, plc., and VIVO Cannabis Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1499
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2699-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateFive User License
$3699-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4699-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?RIGHT PEOPLE
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.
RIGHT METHODOLOGY
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.
RIGHT PRICE
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.
RIGHT SUPPORT
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.
Similar Reports
The global oral antibiotics market attained a value of over USD 18,365.8 million in 2021, driven by the extensive use of oral antibiotics for the treatment of infectious diseases. Aided by the growing...
The Asia Pacific vaccine market attained a value of nearly USD 3.92 billion in 2021, driven by the robust growth of the healthcare sector. Aided by the increasing research and development (R&D) activi...
The global microencapsulation market attained a value of about USD 9.52 billion in 2021, driven by the advancements in the pharmaceutical and nutraceutical industries. Aided by growing inclination tow...
The global anti-infectives market attained a value of about USD 118.36 billion in 2021, driven by the rising prevalence of infectious diseases. Aided by large scale investments into the pharmaceutical...
The global liposomal doxorubicin market attained a value of more than USD 1,100 million in 2021, driven by the increase in breast and ovarian cancer cases, as well as increased awareness of the advant...
NEWSLETTER