Global LEGAL MARIJUANA market survey report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of HEALTHCARE industry. The most up to date market insights and analysis performed in this business report brings marketplace clearly into focus. This market research study analyses the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This market report highlights key market dynamics, current market scenario and future prospects of the HEALTHCARE industry. LEGAL MARIJUANA market research report is generated with a nice blend of industry insight, talent solutions, practical solutions and use of technology to advance user experience.
An influential LEGAL MARIJUANA market report includes all the studies and estimations that are involved in the method of standard market research analysis. This market study provides an examination of various market segments that are relied upon to observe the fastest development amid the estimated forecast frame. Proficient capabilities and excellent resources in research, data collection, development, consulting, evaluation, compliance and regulatory services come together to generate this world-class market research report. The report suits business requirements in many ways and also assists in informed decision making and smart working. LEGAL MARIJUANA market research report is sure to help businesses for the informed and better decisions thereby managing marketing of goods and services.
Data Bridge Market Research analyses that the legal marijuana market, which was USD 27.7 billion in 2022, would rise to USD 127.49 million by 2030 and is expected to undergo a CAGR of 21% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Driver:
Higher Demand for Marijuana Oils
The increasing demand for marijuana oil is enhancing market growth. The majority of countries have legalized marijuana for its medicinal properties. Marijuana oil and tinctures are being studied on a huge scale for multiple indications in many countries. This is also anticipated to evolve as the fastest-growing segment due to recent legalizations for medical cannabis and its derivatives. Oils extracted from cannabis are used for the treatment of vomiting and nausea occurring due to cancer. Thus, these devices are boosting the market's growth.
Utilization of Marijuana in Chronic Disorders
Cannabis derivatives have been widely studied for their analgesic use in chronic disorders. It has shown far better results with few side effects compared to the regular medicines being prescribed till now. It has proven to decrease arthritic pain considerably with negligible side effects. With the rise in awareness of medical cannabis and its derivatives, the market is anticipated to grow progressively over the forecast period. Thus, this factor will boost market growth.
Some key players mentioned in the report are:
VIVO Cannabis Inc. (Canada), Dr. Hemp Me. (Ireland), QC Infusion (U.S.), Hemp Production Services (Canada), Green Roads (U.S.), Royal CBD (U.S.), CV Sciences, Inc. (U.S.), Gaia Herbs Farm (U.S.), SPRING CREEK LABS (U.S.), Isodiol International Inc (Canada), Medical Marijuana, Inc. (U.S.)
Key Insights that Study is going to provide:
- The 360-degree Legal Marijuana overview based on a global and regional level
- Market Share & Sales Revenue by Key Players & Emerging Regional Players
- A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
- May vary depending upon availability and feasibility of data with respect to Industry targeted
- Patent Analysis** No of patents / Trademark filed in recent years.
- A complete and useful guide for new market aspirants
- Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
- Various Legal Marijuana industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
VIVO Cannabis Inc. (Canada), Dr. Hemp Me. (Ireland), QC Infusion (U.S.), Hemp Production Services (Canada), Green Roads (U.S.), Royal CBD (U.S.), CV Sciences, Inc. (U.S.), Gaia Herbs Farm (U.S.), SPRING CREEK LABS (U.S.), Isodiol International Inc (Canada), Medical Marijuana, Inc. (U.S.)
The countries covered in the Global Legal Marijuana Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
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