Legal Marijuana Market is projected to grow at a CAGR of 22.03% Forecast to 2024

LEGAL MARIJUANA MARKET 2018

Industry Survey, Growth, Competitive Landscape and Forecasts to 2022

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

LEGAL MARIJUANA MARKET 2018 Legal Marijuana Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2022

The global legal marijuana market has witnessed constant demand during the last few years and is projected to reach USD 4.69 billion at a CAGR of 22.03% by 2022. Many health benefits associated with marijuana is increasing its application in the medical sector. The demand for legal marijuana is increasing for recreational activity, which is driving the growth of the market. Furthermore, high consumption in North America, mainly in the U.S. and Canada, has been influencing the market growth from the last few years.

North America likely to dominate the legal marijuana market (in terms of value and volume both) and is estimated to reach the market share of USD 1.6 billion by the end of 2017. The consumption of legal marijuana from RoW is projected to witness a high growth rate of 15.94% during the given period owing to the increasing consumption of legal marijuana in Turkey, Australia, Argentina, and the Philippines. Continuous research on the marijuana spices to bring out value-added products from cannabis strains have been contributing to the growth of the legal marijuana market from the past few years.

2

www.marketresearchfuture.com

LEGAL MARIJUANA MARKET 2018

Intended Audience: •

Legal marijuana manufacturers

•

Pharmaceutical Industry

•

Personal care products manufacturers

•

Traders, importers and exporters

Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/4656

3

www.marketresearchfuture.com

LEGAL MARIJUANA MARKET 2018 Regional Analysis North America likely to dominate the legal marijuana market (in terms of value and volume both) and is estimated to reach the market share of USD 1.6 billion by the end of 2017. The consumption of legal marijuana from RoW is projected to witness a high growth rate of 15.94% during the given period owing to the increasing consumption of legal marijuana in Turkey, Australia, Argentina, and the Philippines. Continuous research on the marijuana spices to bring out value-added products from cannabis strains have been contributing to the growth of the legal marijuana market from the past few years.

By type, Sativa is projected to dominate the market with over 50% share of the global market. Sativa helps in uplifting the emotions and energizes the body. Thus it is stimulating better functioning, which is increasing the inclination of medical professionals towards this strain and boosting the demand for Sativa in the global market.

Based on the application, medicinal use of legal marijuana is dominating the market by holding 67.2% share of the global market. However, increasing awareness of benefits from legal marijuana healing skin conditions, reducing body fats, and others are gaining popularity among the population and boosting other uses segment at a growth rate of 13.08%.

Browse Report @ https://www.marketresearchfuture.com/reports/legal-marijuanamarket-4656

4

www.marketresearchfuture.com

LEGAL MARIJUANA MARKET 2018 Application & Major Players in this Research: Legal Marijuana Market Prominent Players:

 Medicine Man (U.S.),  AmeriCann, Inc. (U.S.),  Novus Acquisition & Development (U.S.),  Abattis Bioceuticals Corp (Canada) and  GW Pharmaceuticals

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4656

5

www.marketresearchfuture.com

ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), ContinuousFeed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com

Copyright Š 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.

6

www.marketresearchfuture.com

MARKET RESEARCH FUTURE THANK YOU

salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US)

Ph: +44 208 133 9349 (UK)

7

www.marketresearchfuture.com