Global Legal Marijuana Market report from Global Insight Services is the single authoritative source of intelligence on Legal Marijuana Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Marijuana use as a recreational substance is illegal in several nations throughout the world. Numerous nations, including Uruguay and Canada, as well as several states in the USA, have legalized the production, sale, and possession of marijuana for recreational and medical purposes as a consequence of long-fought legalization efforts. The broad legalization of marijuana in this manner could have a variety of consequences for the economy and society of the countries where it is allowed. Legalization allows governments to manage marijuana cultivation and sales on a case-by-case basis, ensuring that it contributes to the country’s GDP. Legalization also aids in the dismantling of cartels and black-market dealers, as well as the reduction of associated crime rates.
COVID-19 Impact Analysis:
The COVID-19 pandemic has disrupted the supply chain management of cannabis products.The import and export of practically every mainstream commodity, including cannabis, has been hampered by restrictions in major countries. However, due to the rising prevalence of medical diseases that require marijuana as a treatment, the number of patients choosing cannabis as a medicine continues to rise. In conclusion, the disruption in the supply chain caused by the pandemic is to be compensated by the broad legalization of marijauna across the globe.
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Key Trends and Drivers:
The market for legal marijuana is being driven by increased legalization of marijuana for medicinal and adult use, as well as the growing usage of these products for the treatment of chronic conditions.
Because of the growing patient population suffering from stress and anxiety, the mental disorder segment is expected to increase at the quickest rate over the projected period.
Companies and distributors are adapting quickly to satisfy the needs of the “mainstream” marijuana customer. Consumers can now choose from a growing number of items, including concentrates, infused products, and topicals, in addition to smoking flowers via joints, pipes, and bongs.
Segmentation:
By Type:
- Medical
- Recreation
By Product:
- Buds
- Oils
- Tinctures
By Application:
- Chronic Pain
- Mental Disorders
- Cancer
Key Players:
- Canopy Growth Corporation
- Aurora marijuana Inc.
- Maricann Group, Inc.
- Cronos Group Inc.
- Tilray
- Lexaria Corp.
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