LONDON--(BUSINESS WIRE)--The legal cannabis market is expected to grow by USD 27.89 billion, progressing at a CAGR of almost 21% during the forecast period.
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The rapid legalization of cannabis worldwide is one of the major factors propelling market growth. However, factors such as lack of funding and investment will hamper the market growth.
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Legal Cannabis Market: Product Landscape
The legal cannabis market share growth by the medical segment will be significant during the forecast period owing to an increasing number of countries legalizing the medical use of cannabis.
Legal Cannabis Market: Geographic Landscape
North America was the largest legal cannabis market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The legalizing of cannabis and the growing number of patients that require medical cannabis will significantly drive legal cannabis market growth in this region over the forecast period. 89% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for legal cannabis in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
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Companies Covered:
- Aphria Inc.
- Aurora Cannabis Inc.
- Bhang Corp.
- Canopy Growth Corp.
- Cronos Group Inc.
- CV Sciences Inc.
- GW Pharmaceuticals Plc
- Medical Marijuana Inc.
- Tilray Inc.
- VIVO Cannabis Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Medical - Market size and forecast 2019-2024
- Recreational - Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aphria Inc.
- Aurora Cannabis Inc.
- Bhang Corp.
- Canopy Growth Corp.
- Cronos Group Inc.
- CV Sciences Inc.
- GW Pharmaceuticals Plc
- Medical Marijuana Inc.
- Tilray Inc.
- VIVO Cannabis Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
