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The global legal marijuana market is expected to reach USD 131.88 billion by 2029, registering a CAGR of 20.50% during the forecast period 2022-2029.
NEW YORK, UNITED STATES, August 9, 2022 /EINPresswire.com/ — According to a recent report published by DBMR titled, “Global legal marijuana market Industry Size, Share and Analysis and Regional Forecast, 2022-2029. The Global Legal Marijuana industry research report is an in-depth analysis of the historical and current state of the market/industries for the Global Legal Marijuana industry. Furthermore, the research report ranks the overall Legal marijuana market by segment by player, type, application, marketing channel and region. Legal Marijuana Market report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. The Legal Marijuana market research report provides market size (value and volume), market share, growth rate by type, application, and combines qualitative and quantitative methods to make micro and macro forecasts.
The global legal marijuana market was valued at USD 22.93 billion in 2021 and is expected to reach USD 131.88 billion by 2029, registering a CAGR of 20.50% during the forecast period 2022-2029. “Oils” represent the largest product type segment due to the high use of cannabis or marijuana oil in countries such as the US, Canada, and Colombia, among others.
Get sample PDF copy (including FULL TOC, graphs and tables) of this report @
Highlights of the report:
• A comprehensive analysis of the backdrop, including an assessment of the parent market
• Major changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current and projected size of the market both from the point of view of value and volume
• Reports and evaluation of recent developments in the sector
• Market shares and strategies of key players
• Emerging niches and regional markets
• An objective assessment of the market trajectory
• Recommendations to companies to strengthen their implementation in the market
In recent years, the use of marijuana as a recreational drug has been illegal in many countries. Countries such as Uruguay and Canada, along with several US states, have legalized the production, sale and possession of marijuana for medical and recreational use as a result of long-fought legalization efforts.
Some of the main players operating in the legal marijuana market are:
VIVO Cannabis Inc. (Canada)
Dr. Hemp Em (Ireland)
Quality Control Infusion (USA)
Hemp Production Services (Canada)
Hudson Valley Hemp, LLC. (WE)
Green Roads (USA)
Royal CBD (USA)
Moon Mother Hemp Company (USA)
CBD Oil Europe (Europe)
King CBD (USA)
FOLIUM BIOSCIENCE (USA)
CV Sciences, Inc. (USA)
Pharmahemp doo (Slovenia)
Gaia Botanicals, LLC (USA)
Canazil (USA)
Kazmira (USA)
Spring Creek Labs (USA)
Cavendish Nutrition Fulfillment LLC (USA)
Isodiol International Inc (Canada)
HempLife Today (USA):
Scope of the Legal Marijuana Market Report:
The research examines the key players of the global legal marijuana market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and other factors. It also sheds light on the vendor landscape, helping players anticipate future competitive moves in the global legal marijuana business.
This study estimates the market size in terms of both value (Million USD) and volume (Million Units) (K Units). Both top-down and bottom-up techniques were used to estimate and validate the market size of the Legal Marijuana market, as well as the size of various other dependent submarkets of the overall market. To identify important market participants, secondary research was used and primary and secondary research was used to determine their market shares. All share splits and percentage breakdown were calculated using secondary sources and verified sources.
The full report is available (including full TOC, tables and figures, charts and graph) @
Regional analysis of the legal marijuana market:
Global Legal Marijuana Market research report details ongoing market trends, development patterns, and various research methodologies. It illustrates the key factors that directly manipulate the market, for example, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes in product profiles could lead to major disruptions in the factors mentioned above.
➛ North America (United States, Canada and Mexico)
➛ Europe (Germany, France, United Kingdom, Russia and Italy)
➛ Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
➛ South America (Brazil, Argentina, Colombia, etc.)
➛ Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)
Post-covid-19 perspectives:
Readers of the section will understand how the landscape of the legal marijuana market around the world changed during the pandemic and post-pandemic. The study is carried out taking into account changes in aspects such as production, demand, consumption and the supply chain. Market experts have also highlighted the key factors that will help create opportunities for players and stabilize the global market in the coming years.
What knowledge does the Legal Marijuana Market report offer to the readers?
➜ Legal marijuana fragmentation based on product type, end use and region
➜ Comprehensive assessment of upstream starting materials, downstream demand and current market landscape
➜ Collaborations, R&D projects, acquisitions and product launches of each legal marijuana player
➜ Various regulations imposed by governments on the consumption of Legal Marijuana in detail
➜ Impact of modern technologies such as big data and analytics, artificial intelligence and social media platforms on the global legal marijuana market.
Main key contents covered in the legal marijuana market:
• Introduction of legal marijuana with development and status.
• Legal marijuana manufacturing technology with analysis and trends.
• Global Legal Marijuana Market Key Manufacturers Analysis with Company Profile, Product Information, Production Information and Contact Information.
• Capacity, Production, Production Value, Cost and Profit Analysis of Global Legal Marijuana Market
• Analysis of the legal marijuana market with comparison, supply, consumption and import and export.
• Legal analysis of the marijuana market with market status and market competition by companies and countries.
• 2022-2029 Market Forecast of Global Legal Marijuana Market with Cost, Profit, Market Shares, Supply, Demands, Import and Export
• Trend factors influencing APAC, Europe, North America and ROW market shares.
• Marijuana legal market analysis of industrial chain structure, upstream raw materials, downstream industry.
Some of the important questions for stakeholders and business professionals to expand their position in the global legal marijuana market:
Q 1. Which region offers the most rewarding market openings before 2022?
Q 2. What are the business threats and the impact of the latest scenario on the market growth and estimation?
Q 3. What are probably the most encouraging and high development scenarios for the Legal Marijuana movement showcase by application, type and regions?
Q 4. What are the most eye-catching segments of the legal marijuana market in 2022 and beyond?
Q 5. What are the significant players facing and developing in the legal marijuana market?
Main related reports:
Global Cannabidiol (CBD) Oil Market, by Type (THC Dominant, CBD Dominant, Marijuana-Based and Hemp-Based), Product Type (Original & Blended), Product Category (Unflavored & Flavored), Application (food and beverages, personal care / cosmetics). , Pharmacy and nutraceuticals and industrial application), Distribution channel (direct and indirect) – Sector trends and forecasts until 2028. :
Global Legal Marijuana Market, by Type (Recreational Marijuana, Medical Marijuana), Application (Chronic Pain, Mental Disorders, Cancer, Others), Product Type (Buds, Oils, Tinctures, Others) – Industry Trends and Forecast to 2028.
Global Cannabidiol (CBD) Infused Edible Market: Industry Trends and Forecast to 2028:
Global Cannabidiol (CBD) Edibles Market: Industry Trends and Forecast to 2028:
European CBD Patch Market: Industry Trends and Forecast to 2028:
Cannabidiol (CBD) Oil Extract Market Size to Reach USD 37.74 Billion at a Prosperous CAGR of 21.50% by 2029 – DBMR Analyst Says:
Medical Cannabis Market: Global Size, Share, Trends, Revenue and Industry Growth at 25.16% CAGR to 2028 Forecasts: https://www.einpresswire.com/article/574088795/medical-cannabis-market-global-size-share-trends-revenue-and-industry-growth-with-25-16-of-cagr-by-forecast- 2028
About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with an unmatched level of durability and advanced approaches. We are committed to uncovering the best consumer prospects and fostering actionable knowledge for your business to succeed in the marketplace.
Data Bridge Market Research is the result of pure wisdom and practice that was conceived and incorporated in Pune in the year 2015. The company was born from the health department with very less employees with the intention of covering the entire market at once which offered best-in-class analysis. . The company subsequently expanded its departments, as well as expanded its reach with the opening of a new office at the Gurugram location in 2018, where a team of highly skilled staff come together for the company growth. “Even in the difficult times of COVID-19 when the virus brought the entire world to a standstill, the dedicated team at Data Bridge Market Research worked around the clock to deliver quality and support to our customer base, which also tells us about the excellence up our sleeve.”
Data Bridge Market Research has more than 500 analysts working in different industries. We have served over 40% of the fortune 500 companies worldwide and have a network of over 5000 clients worldwide.
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August 9, 2022, 09:45 GMT
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