Request Sample Inquiry
Legal Cannabis Market

Legal Cannabis Market

Legal Cannabis Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

143

Base Year:

2022

Date

May - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1530

Segments Covered
  • By Application By Application Medical, Adult Use
  • By Product Type By Product Type Flower, Oil and Tinctures
  • By Species By Species Cannabis Indica, Cannabis Sativa, Cannabis Hybrid
  • By Strain By Strain THC-dominant, CBD-dominant, Balanced THC and CBD
  • By Purchase Channel By Purchase Channel Online, Offline
  • By End User By End User Pharmaceutical, Food, Beverages, and Tobacco, Personal Care, Research and Development Centres
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 14.95 Billion
Revenue 2030Revenue 2030: USD 86.83 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 24.60%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst

Research Methodology: Legal Cannabis Market by Application by Product Type by Species by Strain by Purchase Channel by End User by Region - Global Market Assessment, 2021 - 2028

Secondary Research

Primary Research:

The later stage covers data validation and collection from primary research. The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Legal Cannabis supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:


  • Legal Cannabis market size at regional and country level
  • Key industry players and their market share and Legal Cannabis market-specific sales/revenue
  • Understanding of the Legal Cannabis supply chain and overall ecosystem

Data Triangulation and Market Size Estimations

After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Legal Cannabis market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market.  The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Legal Cannabis market. 

FAQ
Frequently Asked Question
  • The global Legal Cannabis valued at USD 14.95 Billion in 2022 and is expected to reach USD 86.83 Billion in 2030 growing at a CAGR of 24.60%.

  • The prominent players in the market are Canopy Growth Corporation (Canada), Aphria Inc. (Canada), Aurora marijuana Inc. (Canada), Maricann Group Inc. (Canada), Tilray Inc. (Canada), Cronos Group Inc. (Canada), OrganiGram Holding Inc. (Canada), VIVO marijuana Inc. (Canada), Tikun Olam Ltd. (Israel), The Green Organic Dutchman Holdings Ltd. (Canada), Terra Tech Corp. (U.S.), Medical Cannabis Inc. (U.S.), Stenocare A/S (Denmark), Cannabis Science Inc. (U.S.), HEXO Corp. (Canada)..

  • The market is project to grow at a CAGR of 24.60% between 2023 and 2030.

  • The driving factors of the Legal Cannabis include

    • Growing adoption of medical marijuana for the treatment of chronic diseases

  • North America was the leading regional segment of the Legal Cannabis in 2022.