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Legal Marijuana Market Set to Surpass $75 Billion by 2025; Showcasing Massive Growth During 2019-2025 (28.3% CAGR)

/EIN News/ -- Dublin, Oct. 11, 2019 (GLOBE NEWSWIRE) -- The "Legal Marijuana Market by Product Type (Buds, Cannabis Extracts), Species (Sativa, Indica), Strains (THC, CBD), Purchase Channel, Application (Medical, Recreational), End-Use Industries, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

This report provides in-depth analysis of legal marijuana market in five major geographies and emphasizes on the current market trends, size, and share; recent developments; and forecast until 2025

The global legal marijuana market is expected to reach $75.6 billion by 2025, at a CAGR of 28.3% during the forecast period of 2019 to 2025.

The growth in this market is mainly attributed to the increasing legalization of marijuana, growing medicinal applications of marijuana, and rising geriatric population who are in the need of treatment for chronic diseases. However, high cost and strict rules and regulations regarding production, distribution, sales, and possession of legal marijuana obstruct the growth of this market to some extent.

The study offers a comprehensive analysis of the global legal marijuana market with respect to various product types, species, strains, purchase channels, applications, and end-user industries. The global legal marijuana market is segmented on the basis of product type (buds/ cannabis flower and cannabis extracts), species (cannabis indica, cannabis sativa, and cannabis hybrid), strains (THC-dominant, CBD-dominant, and balanced THC and CBD), purchase channel (online and offline), application (medical, recreational, and cosmetics and others), medical application (chronic pain, mental disorders, cancer, and others), and end-use industries (pharmaceutical; food, beverages, and tobacco; personal care; and research and development centers), and geography.

Geographically, the global legal marijuana market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The North America region is estimated to dominate the global legal marijuana market in 2019. The large share of this region is mainly attributed to legalization of cannabis in several states in the U.S., and in Canada, changing people's attitude toward marijuana use, large base of potential marijuana consumers in the region, rising acceptance towards marijuana use for both medical and recreational purposes, and increasing investment by marijuana producers in the region.

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

Key Topics Covered

1. Introduction
1.1. Currency and Limitations
1.2. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation

3. Market Environment
3.1. Regulatory Analysis
3.2. North America
3.2.1. U.S.
3.2.2. Canada
3.3. Europe
3.3.1. Germany
3.3.2. U.K.
3.3.3. France
3.3.4. Italy
3.3.5. The Netherlands
3.3.6. Rest of Europe
3.4. Asia-Pacific
3.4.1. Australia
3.4.2. South Korea
3.4.3. Rest of Asia-Pacific
3.5. Rest of World
3.5.1. Latin America
3.5.1.1. Argentina
3.5.1.2. Colombia
3.5.1.3. Uruguay
3.5.1.4. Rest of Latin America
3.5.2. Middle East and Africa
3.5.2.1. South Africa
3.5.2.2. Israel

4. Industry Structure

5. Executive Summary

6. Market Insights
6.1. Introduction
6.2. Market Dynamics
6.2.1. Drivers
6.2.2. Restraints
6.2.3. Opportunities
6.2.4. Challenges
6.2.5. Trends
6.3. Market Share Analysis, by Key Player

7. Global Legal Marijuana Market, by Product Type
7.1. Introduction
7.2. Buds / Marijuana Flower
7.3. Marijuana Extracts
7.3.1. Oil
7.3.2. Tinctures
7.3.3. Others

8. Global Legal Marijuana Market, by Species
8.1. Introduction
8.2. Cannabis Indica
8.3. Cannabis Sativa
8.4. Cannabis Hybrid

9. Global Legal Marijuana Market, by Strains
9.1. Introduction
9.2. THC-Dominant
9.3. CBD-Dominant
9.4. Balanced THC and CBD

10. Global Legal Marijuana Market, by Purchase Channel
10.1. Introduction
10.2. Online
10.3. Offline

11. Global Legal Marijuana Market, by Application
11.1. Introduction
11.2. Medical
11.2.1. Chronic Pain
11.2.2. Mental Disorders
11.2.3. Cancer
11.2.4. Others
11.3. Recreational
11.4. Cosmetics and Others

12. Global Legal Marijuana Market, by End-User
12.1. Introduction
12.2. Pharmaceutical
12.3. Food, Beverages, and Tobacco
12.4. Personal Care
12.5. Research and Development Centers

13. Geographic Analysis
13.1. Introduction
13.2. North America
13.2.1. U.S.
13.2.2. Canada
13.3. Europe
13.3.1. Germany
13.3.2. U.K.
13.3.3. France
13.3.4. Italy
13.3.5. The Netherlands
13.3.6. Rest of Europe
13.4. Asia-Pacific
13.4.1. Australia
13.4.2. South Korea
13.4.3. Rest of Asia-Pacific
13.5. Rest of World
13.5.1. Latin America
13.5.1.1. Argentina
13.5.1.2. Colombia
13.5.1.3. Uruguay
13.5.1.4. Rest of Latin America
13.5.2. Middle East and Africa
13.5.2.1. South Africa
13.5.2.2. Israel

14. Company Profiles
(Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
14.1. Canopy Growth Corporation
14.2. Aphria Inc.
14.3. Aurora Marijuana Inc.
14.4. Maricann Group Inc.
14.5. Tilray, Inc.
14.6. Cronos Group Inc.
14.7. OrganiGram Holding Inc.
14.8. VIVO Marijuana Inc.
14.9. Tikun Olam Ltd.
14.10. The Green Organic Dutchman Holdings Ltd.
14.11. Terra Tech Corp.
14.12. Medical Marijuana Inc.
14.13. Stenocare A/S
14.14. Marijuana Science Inc.
14.15. HEXO Corp.

15. Competitive Landscape
15.1. Introduction
15.2. Divestiture, Partnership, Collaboration, and Agreement
15.3. Acquisition and Mergers
15.4. Expansion
15.5. Investment
15.6. New Product Launches

For more information about this report visit https://www.researchandmarkets.com/r/7mi071

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