Press Resease

Legal Marijuana Market by Type (Medical Marijuana and Recreational Marijuana), by Product Type (Buds, Oil, and Tinctures), and by Application (Chronic Pain, Mental Disorders, Cancer, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024

Published Date: 29-Oct-2018 Category: Pharmaceutical Report Format : PDF Pages: 110 Report Code: ZMR-3423 Status : Published

Global legal marijuana market expected to generate revenue of around USD 62,964 million by the end of 2024, growing at a CAGR of around 21% between 2018 and 2024. Increasing international focus on the legalization of marijuana for medicinal and recreational purposes for various medical conditions is propelling the growth of the legal marijuana market globally.

Description

The report covers the forecast and analysis of the legal marijuana market on a global and regional level. The study provides historical data from2015 to 2017along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the legal marijuana market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the legal marijuana market on a global level.

In order to give the users of this report a comprehensive view on the legal marijuana market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein type, product type, application, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Legal Marijuana Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions and mergers, new product launches, agreements, partnerships, collaborations, and joint ventures, research and development, and regional expansion of major participants involved in the market on a global and regional basis. 

The study provides a decisive view of the legal marijuana market by segmenting the market based on product, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries.

Some of the leading players in legal marijuana market include Canopy Aphria, Inc., Aurora Cannabis, Growth Corporation, Tilray, Maricann Group, Inc., Meadow Care, Organigram Holdings, Inc., The Cronos Group, ABcann Medicinals, Inc., Folium Biosciences, Tikun Olam, IRIE CBD, Elixinol, Bhang Corporation, CV Sciences, and CBD American Shaman.

This report segments the global legal marijuana market as follows:

Global Legal Marijuana Market: Type Segment Analysis

  • Legal Marijuana
  • Recreational Marijuana

Global Legal Marijuana Market: Product Type Segment Analysis

  • Buds
  • Oil
  • Tinctures

Global Legal Marijuana Market: Application Segment Analysis

  • Chronic Pain
  • Mental Disorders
  • Cancer
  • Others

Global Legal Marijuana Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global legal marijuana market, 2017 2024(USD Million)
    • 2.2. Global legal marijuana market: snapshot
  •  
  • Chapter 3. Legal marijuana Market - Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global legal marijuana market drivers: impact analysis
      • 3.2.2. Increasing prevalence of conditions that require legal marijuana
      • 3.2.3. Rising geriatric population in need of treatment for chronic diseases
      • 3.2.4. Growing Awareness about Application of Marijuana
      • 3.2.5. Rising Prevalence of Chronic Pain
      • 3.2.6. Increasing number of Legal marijuana Clubs
      • 3.2.7. Growing Approvals for Use of Marijuana for Recreation
    • 3.3. Market Restraints
      • 3.3.1. Global legal marijuana market restraints: impact analysis
      • 3.3.2. The high cost associated with Legal marijuana
      • 3.3.3. Stringent Regulation
    • 3.4. Opportunities
      • 3.4.1. Huge untapped market
      • 3.4.2. Government Support
    • 3.5. Porter's five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. The threat from new entrants
      • 3.5.4. The threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by Type segment
      • 3.6.2. Market attractiveness analysis, by Product Type segment
      • 3.6.3. Market attractiveness analysis, by Application Segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Legal marijuana Market Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global legal marijuana market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
    • 4.3. Price trend analysis
    • 4.4. Regulatory Framework
  •  
  • Chapter 5. Global Legal marijuana Market Type Segment Analysis
    • 5.1. Global legal marijuana market: Type overview
      • 5.1.1. Global legal marijuana market revenue share, by Type, 2017 and 2024
    • 5.2. Legal marijuana
      • 5.2.1. Global legal marijuana market for Legal marijuana, 2017 2024 (USD Million)
    • 5.3. Recreational Marijuana
      • 5.3.1. Global legal marijuana market for Recreational Marijuana,2017 2024(USD Million)
  •  
  • Chapter 6. Global Legal marijuana Market Product Type Segment Analysis
    • 6.1. Global legal marijuana market: Product Type overview
      • 6.1.1. Global legal marijuana market revenue share, by Product Type, 2017 and 2024
    • 6.2. Buds
      • 6.2.1. Global legal marijuana market for Buds, 2017 2024(USD Million)
    • 6.3. Oil
      • 6.3.1. Global legal marijuana market for Oil, 2017 2024 (USD Million)
    • 6.4. Tinctures
      • 6.4.1. Global legal marijuana market for Tinctures, 2017 2024 (USD Million)
  •  
  • Chapter 7. Global Legal marijuana Market Application Segment Analysis
    • 7.1. Global legal marijuana market: Application overview
      • 7.1.1. Global legal marijuana market revenue share, by Application, 2017 and 2024
    • 7.2. Chronic Pain
      • 7.2.1. Global legal marijuana market for Chronic Pain, 2017 2024(USD Million)
    • 7.3. Mental Disorders
      • 7.3.1. Global legal marijuana market for Mental Disorders, 2017 2024 (USD Million)
    • 7.4. Cancer
      • 7.4.1. Global legal marijuana market for Cancer, 2017 2024 (USD Million)
    • 7.5. Others
      • 7.5.1. Global legal marijuana market for Others, 2017 2024 (USD Million)
  •  
  • Chapter 8. Global Legal marijuana Market Regional Segment Analysis
    • 8.1. Global legal marijuana market: regional overview
      • 8.1.1. Global legal marijuana market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America legal marijuana market revenue, by Type, 2017 2024(USD Million)
      • 8.2.2. North America legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
      • 8.2.3. North America legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.2.4. The U.S.
        • 8.2.4.1. The U.S. legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.2.4.2. The U.S. legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.2.4.3. The U.S. legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.2.5. Canada
        • 8.2.5.1. Canada legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.2.5.2. Canada legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.2.5.3. Canada legal marijuana market revenue, by Application, 2017 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe legal marijuana market revenue, by Type, 2017 2024(USD Million)
      • 8.3.2. Europe legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
      • 8.3.3. Europe legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.3.4. U.K.
        • 8.3.4.1. U.K. legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.3.4.2. U.K. legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.3.4.3. U.K. legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.3.5. Germany
        • 8.3.5.1. Germany legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.3.5.2. German legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.3.5.3. Germany legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.3.6.2. France legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.3.6.3. France legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.3.7. Rest of Europe
        • 8.3.7.1. Rest of Europe legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.3.7.2. Rest of Europe legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.3.7.3. Rest of Europe legal marijuana market revenue, by Application, 2017 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific legal marijuana market revenue, by Type, 2017 2024(USD Million)
      • 8.4.2. Asia Pacific legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
      • 8.4.3. Asia Pacific legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.4.4. Australia
        • 8.4.4.1. Australia legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.4.4.2. Australia legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.4.4.3. Australia legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.4.5. Rest of Asia Pacific
        • 8.4.5.1. Rest of Asia Pacific legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.4.5.2. Rest of Asia Pacific legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.4.5.3. Rest of Asia Pacific legal marijuana market revenue, by Application, 2017 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America legal marijuana market revenue, by Type, 2017 2024(USD Million)
      • 8.5.2. Latin America legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
      • 8.5.3. Latin America legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.5.4. Uruguay
        • 8.5.4.1. Uruguay legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.5.4.2. Uruguay legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.5.4.3. Uruguay legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.5.5. Rest of Latin America
        • 8.5.5.1. Rest of Latin America legal marijuana market revenue, by Type, 2017 2024(USD Million)
        • 8.5.5.2. Rest of Latin America legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.5.5.3. Rest of Latin America legal marijuana market revenue, by Application, 2017 2024 (USD Million)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa legal marijuana market revenue, by Type, 2017 2024(USD Million)
      • 8.6.2. The Middle East and Africa carts market revenue, by Product Type, 2017 2024 (USD Million)
      • 8.6.3. The Middle East and Africa legal marijuana market revenue, by Application, 2017 2024 (USD Million)
      • 8.6.4. Israel
        • 8.6.4.1. Israel legal marijuana market revenue, by Type, 2017 2024 (USD Million)
        • 8.6.4.2. Israel legal marijuana market revenue, by Product Type, 2017 2024 (USD Million)
        • 8.6.4.3. Israel legal marijuana market revenue, by Application, 2017 2024 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Canopy Aphria, Inc.
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Aurora Cannabis
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Canopy Growth Corporation
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Growth Corporation
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Tilray
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Maricann Group, Inc.
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Meadow Care
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Organigram Holdings, Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. The Cronos Group
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. ABcann Medicinals, Inc.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Folium Biosciences
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments
    • 9.12. Tikun Olam
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product portfolio
      • 9.12.4. Business strategy
      • 9.12.5. Recent developments
    • 9.13. IRIE CBD
      • 9.13.1. Overview
      • 9.13.2. Financials
      • 9.13.3. Product portfolio
      • 9.13.4. Business strategy
      • 9.13.5. Recent developments
    • 9.14. Elixinol
      • 9.14.1. Overview
      • 9.14.2. Financials
      • 9.14.3. Product portfolio
      • 9.14.4. Business strategy
      • 9.14.5. Recent developments
    • 9.15. Bhang Corporation
      • 9.15.1. Overview
      • 9.15.2. Financials
      • 9.15.3. Product portfolio
      • 9.15.4. Business strategy
      • 9.15.5. Recent developments
    • 9.16. CV Sciences
      • 9.16.1. Overview
      • 9.16.2. Financials
      • 9.16.3. Product portfolio
      • 9.16.4. Business strategy
      • 9.16.5. Recent developments
    • 9.17. CBD American Shaman
      • 9.17.1. Overview
      • 9.17.2. Financials
      • 9.17.3. Product portfolio
      • 9.17.4. Business strategy
      • 9.17.5. Recent developments

Methodology

Free Analysis

Cannabis is a flowering plant, with several varieties. Marijuana and hemp are two cannabis varieties. Cannabinoids (THC) is highly psychoactive in nature and leads to intoxication. Thus, marijuana or cannabis is not legalized in several countries globally. Marijuana is a greenish-gray color mixture of dried flowers of cannabis sativa. The global expansion of the legal marijuana market is due to the growing marijuana adoption for various medical treatments, such as mental disorders, chronic pain, cancer, etc. Some countries are in the process of decriminalizing recreational marijuana as well.

The growth in the global legal marijuana market is driven by cannabis legalization for medical and recreational purposes in various countries around the world. Huge investments made for the research and development of safe marijuana for ingesting, such as oils, tinctures, and vapes, among other edibles, is also expected to fuel the legal marijuana market in the future.

Global Legal Marijuana Market

Legal marijuana market is segmented on the basis of type, product type, and application. Based on the type, this market is bifurcated into medical marijuana and recreational marijuana. By product type, the market is segmented into buds, oil, and tinctures. On the basis of application, the legal marijuana market is divided into chronic pain, mental disorders, cancer, and others. 

Based on geography, the global legal marijuana market is segmented into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America and Europe accounted for largest shares in the global legal marijuana market in the year 2017 and are expected to register significant growth over the forecast years. The legalization of cannabis in the U.S. for recreational and medical purposes this market’s growth in North America. In terms of growth rate, Asia Pacific is estimated to register the highest CAGR in the global legal marijuana market over the forecast timeframe. 

Some of the leading players in legal marijuana market include Canopy Aphria, Inc., Aurora Cannabis, Growth Corporation, Tilray, Maricann Group, Inc., Meadow Care, Organigram Holdings, Inc., The Cronos Group, ABcann Medicinals, Inc., Folium Biosciences, Tikun Olam, IRIE CBD, Elixinol, Bhang Corporation, CV Sciences, and CBD American Shaman. The number of companies operational in the marijuana market is growing, which is anticipated to augment the variety and quantity of products supplied to the end-users. Marijuana oil has started gaining popularity over the last few years, due to its amplified safety and effectiveness in comparison to smoking pot. Moreover, increasing research and development activities related to cannabis manufacturing has led to the introduction of newer marijuana strains. The advancements made in the research field and product development are projected to further boost the adoption of marijuana products among consumers.

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