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Global Legal Marijuana Market Size Projected to Rack Up USD 70.7 Billion By 2028: Zion Market Research

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News provided by

Zion Market Research

17 Feb, 2022, 13:30 GMT

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NEW YORK, Feb. 17, 2022 /PRNewswire/ -- Zion Market Research study, Legal Marijuana industry accrued revenue of about US$ 10.1 billion in 2020 and is anticipated to garner earnings of approximately US$ 70.7 billion by 2028. Moreover, Legal Marijuana market is prognosis to record CAGR of nearly 27.1% in 2021-2028.

Read Market Research Report "Legal Marijuana Market - By Application (Chronic Pain, Mental Disorders, And Cancer), By Type (Medical Marijuana And Recreational Marijuana), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028."

Growth of legal marijuana market over assessment timeline is owing to rise in legalization of marijuana for medicinal use in large number of countries. In addition to this, marijuana is utilized for treating chronic ailments such as Cancer and Parkinson. Apparently, massive demand for marijuana for treating patients suffering from neurological disorders will generate new growth avenues for legal marijuana industry over forecasting period. In addition to this, massive popularity of cannabis oil for treating children having disorders such as epilepsy will embellish growth of legal marijuana market in years to come. Furthermore, supportive laws pertaining to licensing use of marijuana in countries such as Canada and the U.S. will steer elevation in growth of legal marijuana industry over forecasting period.

Medical Marijuana Segment To Record Rapid Growth Over 2021-2028:

Expansion of medical marijuana segment over assessment period is owing to awareness about healthcare benefits about marijuana during treatment of pain. In addition to this, many nations have legalized use of medicinal marijuana, thereby enlarging growth scope of medical marijuana. Rise in demand for medical marijuana and its prescription depending on doctor's physician, the product is likely to penetrate across more countries post legalization of its use. This, in turn, is projected to boost growth of segment over forecasting timespan.

Get More Insight before Buying @: https://www.zionmarketresearch.com/inquiry/legal-marijuana-market

Report Scope:

Report Attribute

Details

Market size value in 2020

USD 10.1 Billion

Revenue forecast in 2028

USD 70.7 Billion

Growth Rate

CAGR of almost 27.1% 2021-2028

Base Year

2020

Historic Years

2016 - 2020

Forecast Years

2021 - 2028

Segments Covered

By Product Type, By Application, and By End Use

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2021 to 2028

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Companies Covered

CV Sciences, Aurora Cannabis, Growth Corporation, Tilray, Maricann Group, Inc., Meadow Care, Bhang Corporation, Organigram Holdings, Inc., IRIE CBD, The Cronos Group, ABcann Medicinals, Inc., Folium Biosciences, Tikun Olam, Elixinol, and CBD American Shaman.

Report Coverage

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Customization Scope

Avail customized purchase options to meet your exact research needs. https://www.zionmarketresearch.com/buynow/su/legal-marijuana-market

Request Pre and Post COVID-19 Impact Analysis on Businesses: https://www.zionmarketresearch.com/sample/legal-marijuana-market

The Global Legal Marijuana Market is segmented as follows:

Legal Marijuana Market By Application Outlook (2021-2028)

  • Chronic Pain
  • Mental Disorders
  • Cancer

Legal Marijuana Market By Type Outlook (2021-2028)

  • Medical Marijuana
  • Recreational Marijuana

Legal Marijuana Market By Region Outlook (2021-2028)

North America

  • The U.S.
  • Canada

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Get Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.zionmarketresearch.com/sample/legal-marijuana-market

List of Key Players of Legal Marijuana Market:

  • CV Sciences
  • Aurora Cannabis
  • Growth Corporation
  • Tilray
  • Maricann Group Inc.
  • Meadow Care
  • Bhang Corporation
  • Organigram Holdings Inc.
  • IRIE CBD
  • The Cronos Group
  • ABcann Medicinals Inc.
  • Folium Biosciences
  • Tikun Olam
  • Elixinol
  • CBD American Shaman

Press Release for Legal Marijuana Market: https://www.zionmarketresearch.com/news/legal-marijuana-market

Browse Other Related Research Reports from Zion Market Research

Pharmaceutical Intermediates Market: The global Pharmaceutical Intermediates Market accrued earnings worth approximately 28,117 (USD Million) in 2020 and is predicted to gain revenue of about 39,779 (USD Million) by 2028, is set to record a CAGR of nearly 4.1% over the period from 2021 to 2028.

CBD Nutraceuticals Market: The global CBD Nutraceuticals Market accrued earnings worth approximately 4.01 (USD Billion) in 2020 and is predicted to gain revenue of about 8.12 (USD Billion) by 2028, is set to record a CAGR of nearly 18.9% over the period from 2021 to 2028.

Oral Antidiabetic Drugs Market: The global oral antidiabetic drugs market accounted for USD 43.01 Billion in 2020 and is expected to reach USD 66.30 Billion by 2028, growing at a CAGR of 5.6% from 2021 to 2028.

Browse through Zion Market Research's coverage of the Global Pharmaceutical Industry

About Us

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research 
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Email: sales@zionmarketresearch.com 
Website: https://www.zionmarketresearch.com/ 
Blog - https://zmrblog.com/

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