Legal Cannabis Market: Key Geographies that will Drive Growth

Geographical Analysis and Market Highlights 2021-2025

The legal cannabis market is set to grow by $ 34.91 bn, accelerating at a CAGR of almost 21.39% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.


For market insights and a better understanding of the quality of our research: Request for our FREE Sample Report


Legal Cannabis Market: North America to lead market growth during the forecast period

  • 89% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Legal Cannabis Market size.
  • Rising number of countries decriminalizing and legalizing cannabis will be a significant factor in driving the growth of the legal cannabis market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
  • The legal cannabis market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Vendor Landscape

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.are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Product

    • Legal Cannabis Market Split by Product
      • Medical cannabis
      • Recreational cannabis
    • Legal Cannabis Market Split by Geography
      • North America
      • Europe
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Cannoid LLC
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • Tilray Inc.
  • VIVO Cannabis Inc.

Legal Cannabis Market: Leading Regions and Market Trends

Regional Growth Analysis and Market Trends 2021-2025

The legal cannabis market is set to grow by $ 34.91 bn, accelerating at a CAGR of almost 21.39% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.


For more insights into our research and analysis: Request for our FREE Sample Report


Legal Cannabis Market: North America to lead market growth during the forecast period

  • Based on our Geographical Segmentation, North America is projected to contribute 89% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the legal cannabis market size
  • This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. One of the factors that will drive growth is the rising number of countries decriminalizing and legalizing cannabis.  Our analysis will thus enable clients to assess their play in the market and design further growth opportunities.
  • The report segments the market by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA). A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Competitive Landscape

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Product

    • Legal Cannabis Market Split by Product
      • Medical cannabis
      • Recreational cannabis
    • Legal Cannabis Market Split by Geography
      • North America
      • Europe
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Cannoid LLC
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • Tilray Inc.
  • VIVO Cannabis Inc.

Legal Cannabis Market: Key Geographies that will Drive Growth

Regional Growth Analysis and Market Trends 2021-2025

The legal cannabis market is set to post an incremental growth of $ 34.91 bn, accelerating at a CAGR of 21.39% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.


For a glimpse into our research analysis and insights: Request for our Free Sample Report


Legal Cannabis Market: North America to lead market growth during the forecast period

  • Based on our Geographical Segmentation, North America is projected to contribute 89% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the legal cannabis market size
  • Rising number of countries decriminalizing and legalizing cannabis will be a significant factor in driving the growth of the legal cannabis market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
  • The report segments the market by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA). A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Vendor Landscape

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Product

    • Legal Cannabis Market Split by Product
      • Medical cannabis
      • Recreational cannabis
    • Legal Cannabis Market Split by Geography
      • North America
      • Europe
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Cannoid LLC
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • Tilray Inc.
  • VIVO Cannabis Inc.

Legal Cannabis Market: Top Geographies and Market Highlights

Geographical Segmentation and Growth Analysis

The legal cannabis market is set to post an incremental growth of $ 34.91 bn, accelerating at a CAGR of 21.39% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.


For a glimpse into our research analysis and insights: Request for our Free Sample Report


Legal Cannabis Market: North America to lead market growth during the forecast period

  • Based on our Geographical Segmentation, North America is projected to contribute 89% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the legal cannabis market size
  • This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. One of the factors that will drive growth is the rising number of countries decriminalizing and legalizing cannabis.  Our analysis will thus enable clients to assess their play in the market and design further growth opportunities.
  • Market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Competitive Landscape

Some of the leading vendors in this market are 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.. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Product

    • Legal Cannabis Market Split by Product
      • Medical cannabis
      • Recreational cannabis
    • Legal Cannabis Market Split by Geography
      • North America
      • Europe
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Cannoid LLC
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • Tilray Inc.
  • VIVO Cannabis Inc.

Legal Cannabis Market: Key Geographies that will Drive Growth

Geographical Analysis and Market Highlights 2021-2025

The legal cannabis market is set to grow by $ 34.91 bn, accelerating at a CAGR of almost 21.39% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.


For a glimpse into our research analysis and insights: Request for our Free Sample Report


Legal Cannabis Market: North America to lead market growth during the forecast period

  • North America emerged as the leading geographical segment in recent years and is expected to contribute 89% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the legal cannabis market size.
  • This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. One of the factors that will drive growth is the rising number of countries decriminalizing and legalizing cannabis.  Our analysis will thus enable clients to assess their play in the market and design further growth opportunities.
  • The legal cannabis market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Vendor Landscape

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.are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Product

    • Legal Cannabis Market Split by Product
      • Medical cannabis
      • Recreational cannabis
    • Legal Cannabis Market Split by Geography
      • North America
      • Europe
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Cannoid LLC
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • Tilray Inc.
  • VIVO Cannabis Inc.

Legal Cannabis Market: Key Geographies that will Drive Growth

Regional Growth Analysis and Market Trends 2021-2025

The legal cannabis market is set to grow by $ 34.91 bn, accelerating at a CAGR of almost 21.39% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.


For market insights and a better understanding of the quality of our research: Request for our FREE Sample Report


Legal Cannabis Market: North America to lead market growth during the forecast period

  • North America emerged as the leading geographical segment in recent years and is expected to contribute 89% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the legal cannabis market size.
  • This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. One of the factors that will drive growth is the rising number of countries decriminalizing and legalizing cannabis.  Our analysis will thus enable clients to assess their play in the market and design further growth opportunities.
  • The legal cannabis market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Key Competitors

Some of the leading vendors in this market are 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.. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Product

    • Legal Cannabis Market Split by Product
      • Medical cannabis
      • Recreational cannabis
    • Legal Cannabis Market Split by Geography
      • North America
      • Europe
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Cannoid LLC
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • Tilray Inc.
  • VIVO Cannabis Inc.

Legal Cannabis Market: Top Geographies and Market Highlights

Geographical Analysis and Market Highlights 2021-2025

The legal cannabis market is set to post an incremental growth of $ 34.91 bn, accelerating at a CAGR of 21.39% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.


For market insights and a better understanding of the quality of our research: Request for our FREE Sample Report


Legal Cannabis Market: North America to lead market growth during the forecast period

  • Based on our Geographical Segmentation, North America is projected to contribute 89% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the legal cannabis market size
  • One of the key drivers that is likely to drive market growth is the rising number of countries decriminalizing and legalizing cannabis. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market.  These insights will equip clients with all the information they need to plan COVID-19 recovery and growth strategies.
  • The legal cannabis market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Vendor Landscape

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.are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Product

    • Legal Cannabis Market Split by Product
      • Medical cannabis
      • Recreational cannabis
    • Legal Cannabis Market Split by Geography
      • North America
      • Europe
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Cannoid LLC
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • Tilray Inc.
  • VIVO Cannabis Inc.

Legal Cannabis Market: Leading Regions and Market Trends

Regional Growth Analysis and Market Trends 2021-2025

The legal cannabis market is set to post an incremental growth of $ 34.91 bn, accelerating at a CAGR of 21.39% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.


For more insights into our research and analysis: Request for our FREE Sample Report


Legal Cannabis Market: North America to lead market growth during the forecast period

  • North America emerged as the leading geographical segment in recent years and is expected to contribute 89% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the legal cannabis market size.
  • Rising number of countries decriminalizing and legalizing cannabis will be a significant factor in driving the growth of the legal cannabis market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
  • Market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Competitive Landscape

Some of the leading vendors in this market are 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.. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Product

    • Legal Cannabis Market Split by Product
      • Medical cannabis
      • Recreational cannabis
    • Legal Cannabis Market Split by Geography
      • North America
      • Europe
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Cannoid LLC
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • Tilray Inc.
  • VIVO Cannabis Inc.

Legal Cannabis: Discover Key Drivers that will Boost Growth

Market Insights to Drive Recovery from COVID-19

The Legal Cannabis Market is projected to post an incremental growth of $ 34.91 bn, at a CAGR of almost 21.39% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


Request for our free sample report to get a glimpse into our exhaustive research and analysis: Download FREE Sample Report


Legal Cannabis Market: Key Market Drivers

Technavio has identified  Rising number of countries decriminalizing and legalizing cannabis as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Segments and Geographical Regions

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Legal Cannabis Market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA). Request our Free Sample Report

Legal Cannabis Market: Vendor Landscape

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  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. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA)

Legal Cannabis Market | Market Highlights and Insights to Recovery from COVID-19
Market Segments and Growth Analysis 2021-2025

Global legal cannabis market will post an incremental growth of $ 34.91 bn and progressing at a CAGR of almost 21.39% during the forecast period. Our research report segments the market into major segments and the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


For a snapshot of our exhaustive research analysis and insights:  Request for Our Free Sample Report


Legal Cannabis Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The Legal Cannabis Market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).
  • In terms of geographic segmentation we found that 89% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Legal Cannabis Market size.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Top Trends, Drivers, Challenges to drive Market Recovery

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

  • Rising number of countries decriminalizing and legalizing cannabis will be a significant factor in driving the growth of the Legal Cannabis Market.
  • Health benefits of medical cannabis is another factor that will be instrumental in driving market growth during the forecast period.
  • Lack of funding and investment is a hurdle that needs to be crossed on the path to success.

Legal Cannabis Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • 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. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 21.39%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA)

Legal Cannabis Market: Top Geographies and Market Highlights

Geographical Analysis and Market Highlights 2021-2025

The legal cannabis market is set to post an incremental growth of $ 34.91 bn, accelerating at a CAGR of almost 21.39% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.


For more insights into our research and analysis: Request for our FREE Sample Report


Legal Cannabis Market: North America to lead market growth during the forecast period

  • 89% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Legal Cannabis Market size.
  • This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. One of the factors that will drive growth is the rising number of countries decriminalizing and legalizing cannabis.  Our analysis will thus enable clients to assess their play in the market and design further growth opportunities.
  • Market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Vendor Landscape

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.are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 21.39%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.91 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising number of countries decriminalizing and legalizing cannabis will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    89% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Medical cannabis and Recreational cannabis) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Product

    • Legal Cannabis Market Split by Product
      • Medical cannabis
      • Recreational cannabis
    • Legal Cannabis Market Split by Geography
      • North America
      • Europe
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Cannoid LLC
  • Canopy Growth Corp.
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • Tilray Inc.
  • VIVO Cannabis Inc.

Legal Cannabis Market Size to Grow by USD 27.89 bn through 2020-2024  

Technavio research projects the legal cannabis market to grow by USD 27.89 bn, accelerating at a CAGR of almost 21% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Legal Cannabis Market: Key Market Driver

One of the primary factors that will trigger the growth of the legal cannabis market size is rapid legalization of cannabis worldwide. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aphria Inc., Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Cronos Group Inc., CV Sciences Inc., GW Pharmaceuticals Plc, Medical Marijuana Inc., Tilray Inc., and VIVO Cannabis Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Legal Cannabis Market Size to Grow by USD 27.89 bn through 2020-2024  

Technavio research projects the legal cannabis market to grow by USD 27.89 bn, accelerating at a CAGR of almost 21% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Legal Cannabis Market: Key Market Driver

One of the primary factors that will trigger the growth of the legal cannabis market size is rapid legalization of cannabis worldwide. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aphria Inc., Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Cronos Group Inc., CV Sciences Inc., GW Pharmaceuticals Plc, Medical Marijuana Inc., Tilray Inc., and VIVO Cannabis Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Technavio has been monitoring the global legal cannabis market and it is expected to grow by USD 27.89 billion accelerating at a CAGR of almost 21% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Legal Cannabis Market to Post Incremental Growth of $ 34.91 bn During 2021-2025 | Key Geographies that will Drive Growth

Legal Cannabis Market: Key Drivers and Trends Analysis

During 2019, the medical segment accounted for the major share of the Legal Cannabis Market owing to an increasing number of countries legalizing the medical use of cannabis. 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. The rapid legalization of cannabis worldwide is one of the key factors that will drive market growth. Many nations are focusing on decriminalizing cannabis and legalizing the use of marijuana for recreational and medicinal purposes. Countries such as Portugal, Canada, Jamaica, Australia, South Africa, and others are also encouraging the legalization of cannabis for medicinal purposes. 

The increased use of advanced techniques in cannabis cultivation, one of the key legal cannabis market trends, will also drive market growth during the forecast period. The use of fully-equipped laboratories with advanced facilities, including sanitized chambers and controlled environments for cannabis cultivation will drive market growth. Techniques such as the Screen of Green and the Sea of Green are significantly improving the production levels. The continuous use of advanced techniques in cannabis cultivation will further drive legal cannabis market growth.

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. 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. However, market growth in this region will be slower than the growth of the market in Europe and APAC.

Legal Cannabis Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aphria Inc., Aurora Cannabis Inc. and Bhang Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

 

Read More Read Less
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>