Report forecast the global legal marijuana market to grow at
a CAGR of 37.38% during the period 2016-2020.
Marijuana, one of the premium variants of cannabis, is used
for recreational (psychoactive drugs) and medicinal purposes. It contains a
maximum 30% of cannabinoids (CBD) and tetrahydrocannabinol (THC), which is a
major psychoactive element.
The report covers the present scenario and the growth
prospects of the global legal marijuana market for 2016-2020. To calculate the
market size, the report considers the revenue generated from legal sales of
marijuana.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- EMEA
According to the report, rising social acceptance of
marijuana and growing business opportunities will be a key driver for market
growth. The society's perception of marijuana is shifting from an intoxicating
drug to serious business venture. The cannabis market posted a growth of 70%
during 2013 and 2014, successfully attracting the attention of several large
and small investors. The growth of the marijuana market has significantly
increased the revenue for dispensary owners as well as cultivators and
governments. In addition, the growing popularity of marijuana for recreational
purpose is increasing the market competition and business opportunity for
several vendors. Ancillary businesses such as cannabis oil market, hookahs
parlor, bubblers, volcano vaporizers and percolated bongs, THC-infused ice
cream, and brownies are also profiting from the growing legal marijuana market.
Further, the report states that the population near the
commercial markets where marijuana is available will be exposed to use, misuse,
and abuse of the substance, adversely affecting the health and life of the
users. Legalizing marijuana for recreational use further exposes children and
non-smokers to the passive consumption. Protection of laborers working in the
marijuana farm is another major challenge the market faces.
Global Legal Marijuana Market 2016-2020, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global legal marijuana market: American
Cannabis, Canopy Growth, GreenGro Technologies, mCig, Mentor Capital, Terra
Tech, and United Cannabis.
Other Prominent Vendors in the market are: Aphria, Cannabis
Sativa, Cannabis Science, Cannabrand, Chuma Holdings, MedMen, Meadow, MJIC,
Monarch America, Natural Cannabis, Novus Acquisition & Development, Oregon
Green Seed, Organigram, Origin Cannabis, Potbotics, Privateer Holdings, and
Willie’s Reserve.
Market driver
- Rising social acceptance of marijuana and growing business opportunities
- For a full, detailed list, view our report
Market challenge
- Adverse impact on public health
- For a full, detailed list, view our report
Market trend
- Increase in online market vendors
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 63 pages “Global Legal
Marijuana Market 2016 - 2020” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Legal
marijuana versus alcohol and tobacco, Market segmentation by usage, Market
segmentation by consumption, Geographical segmentation, Key leading countries,
Market drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Appendix.
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