The increasing number of countries legalising marijuana – The medical benefits of marijuana in managing chronic pain, inducing sleep and appetite, and managing vomiting and nausea are well-known, documented and tested. The business, medical and civil-society lobby supporting the medical use of marijuana is gaining traction in the developed world, especially the US. Around 23 US states have legalised marijuana for medical use. Some states have even legalised the recreational use of marijuana. A similar trend is being witnessed in Europe. The rising awareness about the medical benefits of marijuana has also helped the cause of legalising it. Furthermore, the black-market trading of marijuana costs millions for governments globally, and the smuggling and cross-border illegal trafficking lead to wasteful use of law and regulatory authorities. Legalising marijuana streamlines and integrates the marijuana market into the mainstream economy, thereby arresting the menace of black marketing and earning fiscal revenue from marijuana sales. It also is believed to offer better control and monitoring of marijuana use, thereby reducing overdose deaths. Therefore, the growing legalisation of marijuana for medical and recreational uses will drive the market's growth.
The strong opposition from anti-marijuana lobbies – As some groups support the legalisation of marijuana, there are supporters of banning marijuana. They argue that marijuana will be used excessively for recreational purposes, potentially negatively impacting the young generation. The concerns regarding the long-term detrimental effects of marijuana on nervous health and growing dependence on marijuana to manage pain, sleep and hunger have proven to be roadblocks towards legalising marijuana. Therefore, the strong public and political opposition will hamper the market growth.
The introduction of marijuana edibles – The legalisation of marijuana has opened the market for extensive possibilities, like developing new products based on marijuana. These products can be candies, gummies, drinks, cakes, chocolates, ice creams, juices and other beverages. These products are becoming highly popular in the millennial and Gen-Z populations. They are available in different flavours under different brands offering a huge assortment of products for consumers. The legalisation also allows the market players to sell these in nearby supermarkets and retail stores, thereby increasing the accessibility of products. Therefore, introducing marijuana edibles will expand the global legal marijuana market in the forecast period.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Type
4.3.2. Market Attractiveness Analysis by Product Type
4.3.3. Market Attractiveness Analysis by Application
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing number of countries legalizing marijuana
5.3. Restraints
5.3.1. The strong opposition from anti-marijuana lobbies
5.4. Opportunities
5.4.1. The introduction of marijuana edibles
5.5. Challenges
5.5.1. The stringent government regulations
6. Global Legal Marijuana Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Medical
6.3. Adult-Use
7. Global Legal Marijuana Market Analysis and Forecast, By Product Type
7.1. Segment Overview
7.2. Buds
7.3. Oils and Concentrates
7.4. Tinctures
7.5. Flowers
7.6. Leaves
7.7. Others
8. Global Legal Marijuana Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Chronic Pain
8.3. Cancer
8.4. Recreational Uses
8.5. Mental Disorders
8.6. Others
9. Global Legal Marijuana Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Legal Marijuana Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Legal Marijuana Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Tilray
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. The Cronos Group
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Organigram Holding, Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Maricann Group, Inc.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Lexaria Corp
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. GW Pharmaceuticals, plc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Canopy Growth Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Aurora Cannabis
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Aphria, Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. ABcann Medicinals Inc.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Legal Marijuana Market, By Type, 2020-2033 (USD Million)
2. Global Medical Legal Marijuana Market, By Region, 2020-2033 (USD Million)
3. Global Adult-Use Legal Marijuana Market, By Region, 2020-2033 (USD Million)
4. Global Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
5. Global Buds Legal Marijuana Market, By Region, 2020-2033 (USD Million)
6. Global Oils and Concentrates Legal Marijuana Market, By Region, 2020-2033 (USD Million)
7. Global Tinctures Legal Marijuana Market, By Region, 2020-2033 (USD Million)
8. Global Flowers Legal Marijuana Market, By Region, 2020-2033 (USD Million)
9. Global Leaves Legal Marijuana Market, By Region, 2020-2033 (USD Million)
10. Global Others Legal Marijuana Market, By Region, 2020-2033 (USD Million)
11. Global Legal Marijuana Market, By Application, 2020-2033 (USD Million)
12. Global Chronic Pain Legal Marijuana Market, By Region, 2020-2033 (USD Million)
13. Global Cancer Legal Marijuana Market, By Region, 2020-2033 (USD Million)
14. Global Recreational Uses Legal Marijuana Market, By Region, 2020-2033 (USD Million)
15. Global Mental Disorders Legal Marijuana Market, By Region, 2020-2033 (USD Million)
16. Global Others Legal Marijuana Market, By Region, 2020-2033 (USD Million)
17. Global Legal Marijuana Market, By Region, 2020-2033 (USD Million)
18. North America Legal Marijuana Market, By Type, 2020-2033 (USD Million)
19. North America Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
20. North America Legal Marijuana Market, By Application, 2020-2033 (USD Million)
21. U.S. Legal Marijuana Market, By Type, 2020-2033 (USD Million)
22. U.S. Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
23. U.S. Legal Marijuana Market, By Application, 2020-2033 (USD Million)
24. Canada Legal Marijuana Market, By Type, 2020-2033 (USD Million)
25. Canada Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
26. Canada Legal Marijuana Market, By Application, 2020-2033 (USD Million)
27. Mexico Legal Marijuana Market, By Type, 2020-2033 (USD Million)
28. Mexico Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
29. Mexico Legal Marijuana Market, By Application, 2020-2033 (USD Million)
30. Europe Legal Marijuana Market, By Type, 2020-2033 (USD Million)
31. Europe Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
32. Europe Legal Marijuana Market, By Application, 2020-2033 (USD Million)
33. Germany Legal Marijuana Market, By Type, 2020-2033 (USD Million)
34. Germany Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
35. Germany Legal Marijuana Market, By Application, 2020-2033 (USD Million)
36. France Legal Marijuana Market, By Type, 2020-2033 (USD Million)
37. France Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
38. France Legal Marijuana Market, By Application, 2020-2033 (USD Million)
39. U.K. Legal Marijuana Market, By Type, 2020-2033 (USD Million)
40. U.K. Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
41. U.K. Legal Marijuana Market, By Application, 2020-2033 (USD Million)
42. Italy Legal Marijuana Market, By Type, 2020-2033 (USD Million)
43. Italy Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
44. Italy Legal Marijuana Market, By Application, 2020-2033 (USD Million)
45. Spain Legal Marijuana Market, By Type, 2020-2033 (USD Million)
46. Spain Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
47. Spain Legal Marijuana Market, By Application, 2020-2033 (USD Million)
48. Asia Pacific Legal Marijuana Market, By Type, 2020-2033 (USD Million)
49. Asia Pacific Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
50. Asia Pacific Legal Marijuana Market, By Application, 2020-2033 (USD Million)
51. Japan Legal Marijuana Market, By Type, 2020-2033 (USD Million)
52. Japan Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
53. Japan Legal Marijuana Market, By Application, 2020-2033 (USD Million)
54. China Legal Marijuana Market, By Type, 2020-2033 (USD Million)
55. China Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
56. China Legal Marijuana Market, By Application, 2020-2033 (USD Million)
57. India Legal Marijuana Market, By Type, 2020-2033 (USD Million)
58. India Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
59. India Legal Marijuana Market, By Application, 2020-2033 (USD Million)
60. South America Legal Marijuana Market, By Type, 2020-2033 (USD Million)
61. South America Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
62. South America Legal Marijuana Market, By Application, 2020-2033 (USD Million)
63. Brazil Legal Marijuana Market, By Type, 2020-2033 (USD Million)
64. Brazil Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
65. Brazil Legal Marijuana Market, By Application, 2020-2033 (USD Million)
66. Middle East and Africa Legal Marijuana Market, By Type, 2020-2033 (USD Million)
67. Middle East and Africa Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
68. Middle East and Africa Legal Marijuana Market, By Application, 2020-2033 (USD Million)
69. UAE Legal Marijuana Market, By Type, 2020-2033 (USD Million)
70. UAE Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
71. UAE Legal Marijuana Market, By Application, 2020-2033 (USD Million)
72. South Africa Legal Marijuana Market, By Type, 2020-2033 (USD Million)
73. South Africa Legal Marijuana Market, By Product Type, 2020-2033 (USD Million)
74. South Africa Legal Marijuana Market, By Application, 2020-2033 (USD Million)
List of Figures
1. Global Legal Marijuana Market Segmentation
2. Legal Marijuana Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Legal Marijuana Market Attractiveness Analysis by Type
9. Global Legal Marijuana Market Attractiveness Analysis by Product Type
10. Global Legal Marijuana Market Attractiveness Analysis by Application
11. Global Legal Marijuana Market Attractiveness Analysis by Region
12. Global Legal Marijuana Market: Dynamics
13. Global Legal Marijuana Market Share by Type (2023 & 2033)
14. Global Legal Marijuana Market Share by Product Type (2023 & 2033)
15. Global Legal Marijuana Market Share by Application (2023 & 2033)
16. Global Legal Marijuana Market Share by Regions (2023 & 2033)
17. Global Legal Marijuana Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global legal marijuana market based on below mentioned segments:
Global Legal Marijuana Market by Type:
Global Legal Marijuana Market by Product Type:
Global Legal Marijuana Market by Application:
Global Legal Marijuana Market by Region:
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