Global Legal marijuana Market valued approximately USD 9.3 billion in 2016 is anticipated to grow with a healthy growth rate of more than 34.60% over the forecast period 2017-2025.
The Legal Marijuana Market research report provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.
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Market Analysis of Legal Marijuana –
Global Legal Marijuana Market to reach USD 134.9 billion by 2025.Key factors which give growth to the Legal marijuana market are owing to legalization in several countries and high demand for both medical and recreational purposes.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Medical application:
oRest of the World
Furthermore, years considered for the study are as follows:
Historical year “ 2015
Base year “ 2016
Forecast period “ 2017 to 2025
Some of the key manufacturers involved in the market Canopy Growth Corporation, Aphria Inc., Aurora cannabis, Maricann group Inc., Tilray, Cronos group, ABcann medicinal Inc., Tikum olam. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Legal marijuana Market in Market Study:
oKey Consulting Companies & Advisors
oLarge, medium-sized, and small enterprises
oValue-Added Resellers (VARs)
oThird-party knowledge providers
Key factors influencing market growth:
- New application developments and product designs.
- Falling prices of the Legal marijuana.
- Strict government norms along with the administrative support and R&D subsidization.
- Geographic expansion by major market players as well as new entrants.
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To summarize, the Legal marijuana market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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