Legal Marijuana Market Emerging Trends, Strong Application Scope, Size, Status, Analysis and Forecast to 2024
Category: #business  By Ashwin Naphade  Date: 2019-07-12
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Legal Marijuana Market Emerging Trends, Strong Application Scope, Size, Status, Analysis and Forecast to 2024

According to this study, over the next five years the Legal Marijuana market will register a 28.0% CAGR in terms of revenue, the global market size will reach US$ 35000 million by 2024, from US$ 7970 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Legal Marijuana business. Marijuana is one of the most abused drugs in the world.

The commercial marijuana industry exists on a state-by-state basis, and all medical and recreational programs are technically in violation of federal drug laws. The U.S. Department of Justice issued some guidelines in recent years that helped the marijuana industry gain traction, but these are not legally binding and could theoretically be nullified at any time.

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A medicinal cannabis product refers to a product which includes cannabis, and its chemical components (cannabinoids), that can be used for curing, or alleviating the symptoms of disease, ailment or injury.The two main cannabinoids that have been identified for therapeutic application are the psychoactive 9-tetrahydrocanabinol (THC) and non-psychoactive Cannabidiol (CBD).

The global average price of Legal Marijuana is in the decreasing trend, from 11.92 /g in 2012 to 7.5 /g in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.

The classification of Legal Marijuana includes Classical Media & Salts, Serum-free Media

Stem Cell Media, and the proportion of Classical Media & Salts in 2016 is about 50.07%, and the proportion is in decreasing trend from 2012 to 2017.

Market competition is not intense. Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc. and mCig Inc are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

What points does the report cover

The regional terrain of Legal Marijuana market

  • The Legal Marijuana market, in regard to the provincial scope, is segmented into USA, Europe, Japan, China, India, South East Asia. The report also encompasses the particulars pertaining to the product’s use across the topographies considered.
  • The estimates held by all the zones in question and the market share that each region accounts for are contained within the report.
  • The report tallies the product consumption growth rate throughout the relevant regions as well their consumption market share.
  • The consumption rate of all regions, as per applications and product types is also included.

A review of the market segmentation:

  • The Legal Marijuana market, as per product type, is segmented into Indoor and Greenhouse. The market share held by each product as well as the anticipated valuation are included in the report.
  • Additionally, the report includes facts regarding each product’s sale price and consumption (revenue and growth rate) over the forecast duration.
  • In terms of applications, the Legal Marijuana market is characterized into Recreational and Medical. Each product application’s market shares as well as the estimated revenue that every application would possibly account for is mentioned in the report.

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Market Drivers & Challenges:

  • The report offers data about the factors impacting the commercialization scale of the Legal Marijuana market and their effect on the income graph of this business domain.
  • The research study is all-encompassing of the latest trends boosting the Legal Marijuana market as well as the obstacles that this industry will be characterized by, in the forecast timeframe.

Marketing Strategies Undertaken:

  • The report delivers a gist of the several tactics that are arranged by prominent shareholders with respect to the product marketing.
  • The report also comprises a brief overview concerning sales channels that manufacturers opt for.
  • The suppliers of these products and a synopsis of the topmost customers for the same are also included in the report.

Breakdown of the significant competitors in the industry:

  • A succinct outline of the Legal Marijuana market manufacturer base, that primarily includes Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc. and mCig Inc as well as distribution parameters and sales area, have been provided.
  • The specifics of every vendor comprising of company profile, a short overview, and the product portfolio have been described.
  • The report particularly focusses on the Price models, product sales, revenue generation, as well as gross margins.

The Legal Marijuana market report covers a host of other details namely concentration ratio (CR3, CR5 and CR10) over the predictable period, an estimation of the competitive landscape, and a study pertaining to the market concentration rate.

For More Details On this Report: https://www.marketstudyreport.com/reports/global-legal-marijuana-market-growth-2019-2024

Some of the Major Highlights of TOC covers:

Executive Summary

  • Global Legal Marijuana Production Growth Rate Comparison by Types (2014-2024)
  • Global Legal Marijuana Consumption Comparison by Applications (2014-2024)
  • Global Legal Marijuana Revenue (2014-2024)
  • Global Legal Marijuana Production (2014-2024)
  • North America Legal Marijuana Status and Prospect (2014-2024)
  • Europe Legal Marijuana Status and Prospect (2014-2024)
  • China Legal Marijuana Status and Prospect (2014-2024)
  • Japan Legal Marijuana Status and Prospect (2014-2024)
  • Southeast Asia Legal Marijuana Status and Prospect (2014-2024)
  • India Legal Marijuana Status and Prospect (2014-2024)

 

Manufacturing Cost Structure Analysis

  • Raw Material and Suppliers
  • Manufacturing Cost Structure Analysis of Legal Marijuana
  • Manufacturing Process Analysis of Legal Marijuana
  • Industry Chain Structure of Legal Marijuana

Development and Manufacturing Plants Analysis of Legal Marijuana

  • Capacity and Commercial Production Date
  • Global Legal Marijuana Manufacturing Plants Distribution
  • Major Manufacturers Technology Source and Market Position of Legal Marijuana
  • Recent Development and Expansion Plans

Key Figures of Major Manufacturers

  • Legal Marijuana Production and Capacity Analysis
  • Legal Marijuana Revenue Analysis
  • Legal Marijuana Price Analysis
  • Market Concentration Degree

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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