Key Market Dynamics:
- Market Drivers
- Market Challenges
The rising number of countries decriminalizing and legalizing cannabis and the health benefits of medical cannabis are some of the key market drivers. However, factors such as lack of funding and investment will challenge market growth.
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The legal cannabis market report is segmented by product (medical cannabis and recreational cannabis) and geography (North America, Europe, APAC, South America, and MEA). North America will be the leading region with 89% of the market's growth during the forecast period. The US and Canada are the key markets for legal cannabis in North America.
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Some Companies Mentioned
- Aurora Cannabis Inc.
- Bhang Corp.
- Cannoid LLC
- Canopy Growth Corp.
- Cronos Group Inc.
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Related Reports:
- Marijuana Market: The marijuana market has been segmented by product (medical marijuana and recreational marijuana) and geography (North America, Europe, APAC, South America, and MEA). Download Free Sample Report
- Medical Marijuana Market: The medical marijuana market has been segmented by application (chronic pain, nausea, and others) and geography (North America, Europe, APAC, South America, and MEA). Download Free Sample Report
Legal Cannabis Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.39% |
Market growth 2021-2025 |
USD 34.91 billion |
Market structure |
Fragmented |
YoY growth (%) |
19.40 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 89% |
Key consumer countries |
US, Canada, Germany, UK, and Australia |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Aurora Cannabis Inc., Bhang Corp., Cannoid LLC, Canopy Growth Corp., Cronos Group Inc., CV Sciences Inc., Jazz Pharmaceuticals Plc, Medical Marijuana Inc., Tilray Inc., and VIVO Cannabis Inc. |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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Technavio Research
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SOURCE Technavio
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