Legal Marijuana Market
Legal Marijuana Market - Global Industry Assessment & Forecast
Segments Covered
- By Product Type Flower Buds, Oils, Tinctures, Other Product Types
- By Application Recreational, Medical
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 16.1 Billion |
Revenue 2030: | USD 103.8 Billion |
Revenue CAGR (2023 - 2030): | 26.2% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
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Executive Dashboard
- Strategic Imperatives
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Premium Insights
- Top 3 Trends to Watch
- Demand and Supply Trends
- Top 3 Strategies Followed by Major Players
- Top 3 Predictions by Vantage Market Research
- Top Investment Pockets
- Insights from Primary Respondents
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Global Legal Marijuana Market - Segment Analysis
- Overview
- Global Legal Marijuana Market, 2016 - 2028 (USD Million)
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Global Legal Marijuana Market - by Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
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Global Legal Marijuana Market - by Application
- By Recreational
- By Medical
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Global Legal Marijuana Market - by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market comparative analysis
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North America Legal Marijuana Market - Segment Analysis
- Overview
- North America Legal Marijuana Market, 2016 - 2028 (USD Million)
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North America Legal Marijuana Market, by Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
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North America Legal Marijuana Market, by Application
- By Recreational
- By Medical
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North America Legal Marijuana Market, by Country
- U.S.
- U.S. Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- U.S. Legal Marijuana Market, By Application
- By Recreational
- By Medical
- U.S. Legal Marijuana Market, By Product Type
- Canada
- Canada Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Canada Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Canada Legal Marijuana Market, By Product Type
- Mexico
- Mexico Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Mexico Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Mexico Legal Marijuana Market, By Product Type
- U.S.
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Europe Legal Marijuana Market - Segment Analysis
- Overview
- Europe Legal Marijuana Market, 2016 - 2028 (USD Million)
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Europe Legal Marijuana Market, by Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
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Europe Legal Marijuana Market, by Application
- By Recreational
- By Medical
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Europe Legal Marijuana Market, by Country
- Germany
- Germany Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Germany Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Germany Legal Marijuana Market, By Product Type
- UK
- UK Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- UK Market, By Application
- By Recreational
- By Medical
- UK Market, By Product Type
- France
- France Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- France Legal Marijuana Market, By Application
- By Recreational
- By Medical
- France Legal Marijuana Market, By Product Type
- Spain
- Spain Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Spain Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Spain Legal Marijuana Market, By Product Type
- Italy
- Italy Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Italy Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Italy Legal Marijuana Market, By Product Type
- BENELUX
- BENELUX Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- BENELUX Legal Marijuana Market, By Application
- By Recreational
- By Medical
- BENELUX Legal Marijuana Market, By Product Type
- Rest of Europe
- Rest Of Europe Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Rest Of Europe Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Rest Of Europe Legal Marijuana Market, By Product Type
- Germany
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Asia Pacific Legal Marijuana Market - Segment Analysis
- Overview
- Asia Pacific Legal Marijuana Market, 2016 - 2028 (USD Million)
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Asia Pacific Legal Marijuana Market, by Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
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Asia Pacific Legal Marijuana Market, by Application
- By Recreational
- By Medical
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Asia Pacific Legal Marijuana Market, by Country
- China
- China Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- China Legal Marijuana Market, By Application
- By Recreational
- By Medical
- China Legal Marijuana Market, By Product Type
- Japan
- Japan Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Japan Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Japan Legal Marijuana Market, By Product Type
- India
- India Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- India Legal Marijuana Market, By Application
- By Recreational
- By Medical
- India Legal Marijuana Market, By Product Type
- South Korea
- South Korea Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- South Korea Legal Marijuana Market, By Application
- By Recreational
- By Medical
- South Korea Legal Marijuana Market, By Product Type
- South East Asia
- South East Asia Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- South East Asia Legal Marijuana Market, By Application
- By Recreational
- By Medical
- South East Asia Legal Marijuana Market, By Product Type
- Rest of Asia Pacific
- Rest of Asia Pacific Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Rest of Asia Pacific Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Rest of Asia Pacific Legal Marijuana Market, By Product Type
- China
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Latin America Legal Marijuana Market - Segment Analysis
- Overview
- Latin America Legal Marijuana Market, 2016 - 2028 (USD Million)
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Latin America Legal Marijuana Market, by Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
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Latin America Legal Marijuana Market, by Application
- By Recreational
- By Medical
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Latin America Legal Marijuana Market, by Country
- Brazil
- Brazil Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Brazil Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Brazil Legal Marijuana Market, By Product Type
- Argentina
- Argentina Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Argentina Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Argentina Legal Marijuana Market, By Product Type
- Rest of Latin America
- Rest of Latin America Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Rest of Latin America Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Rest of Latin America Legal Marijuana Market, By Product Type
- Brazil
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Middle East & Africa Legal Marijuana Market - Segment Analysis
- Overview
- Middle East & Africa Legal Marijuana Market, 2016 - 2028 (USD Million)
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Middle East & Africa Legal Marijuana Market, by Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
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Middle East & Africa Legal Marijuana Market, by Application
- By Recreational
- By Medical
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Middle East & Africa Legal Marijuana Market, by Country
- GCC Countries
- GCC Countries Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- GCC Countries Legal Marijuana Market, By Application
- By Recreational
- By Medical
- GCC Countries Legal Marijuana Market, By Product Type
- South Africa
- South Africa Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- South Africa Legal Marijuana Market, By Application
- By Recreational
- By Medical
- South Africa Legal Marijuana Market, By Product Type
- Rest of Middle East & Africa
- Rest of Middle East & Africa Legal Marijuana Market, By Product Type
- By Flower Buds
- By Oils
- By Tinctures
- By Other Product Types
- Rest of Middle East & Africa Legal Marijuana Market, By Application
- By Recreational
- By Medical
- Rest of Middle East & Africa Legal Marijuana Market, By Product Type
- GCC Countries
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Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter's Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
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COVID 19 Impact Analysis
- Key strategies undertaken by companies to tackle COVID-19
- Short term dynamics
- Long term dynamics
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Marketing Stratagy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
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Competative Landscape
- Competition Matrix - 2021
- Company Market Share Analysis - 2021
- Key Company Activities, 2018 - 2021
- Strategic Developments - Heat Map Analysis
- Company Offering Evaluation
- Company Regional Presence Evaluation
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Company Profiles
- Canopy Growth Corporation (Canada)
- Aurora Cannabis (Canada)
- Aphria Inc. (Canada)
- Tilray (U.S.)
- ABcann Medicinals Inc. (Canada)
- The Cronos Group (Canada)
- Maricann Group Inc. (Canada)
- Organigram Holding Inc. (Canada)
- Lexaria Corp. (Canada)
- GW Pharmaceuticals (UK)
- United Cannabis Corporation (U.S.)
- Tikun Olam Ltd. (Israel)
- Key Primary Respondents - VERBATIM
- Discussion Guide
- Customization Offered
- Annexure
- List of Figures
- List of Tables
- List of Abbreviations
FAQ
Frequently Asked Question
What is the global demand for Legal Marijuana in terms of revenue?
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The global Legal Marijuana valued at USD 16.1 Billion in 2022 and is expected to reach USD 103.8 Billion in 2030 growing at a CAGR of 26.2%.
Which are the prominent players in the market?
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The prominent players in the market are Canopy Growth Corporation (Canada), Aurora Cannabis (Canada), Aphria Inc. (Canada), Tilray (U.S.), ABcann Medicinals Inc. (Canada), The Cronos Group (Canada), Maricann Group Inc. (Canada), Organigram Holding Inc. (Canada), Lexaria Corp. (Canada), GW Pharmaceuticals (UK), United Cannabis Corporation (U.S.), Tikun Olam Ltd. (Israel).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 26.2% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Legal Marijuana include
- Growing adoption of medical marijuana for the treatment of chronic diseases
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Legal Marijuana in 2022.