Global Legal Marijuana Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Legal Marijuana market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global legal marijuana market size was US$ 21.9 billion in 2021. The global legal marijuana market is forecast to grow to US$ 175.50 billion by 2030 by registering a compound annual growth rate (CAGR) of 25.1% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1124
Cannabis, also regarded as marijuana, is a dried, crumbled mixture of green or brown hemp plant leaves, stems, seeds, and flowers. Cannabis sativa is utilized to treat a variety of medicinal conditions. Apart from that, it is used in several religious and esoteric rituals and as a psychedelic (mind-awakening) recreational drug. Stronger varieties of marijuana include sinsemilla, hash/hashish (a resinous form), and hash oil (a sticky, dark liquid). It is used to cure conditions like stress, anxiety, panic attacks, and Parkinson’s disorders. Additionally, marijuana is frequently infused into sweets like brownies, cookies, or chocolates.
Factors Influencing the Market
The global legal marijuana market is expected to be expanded by growing research, development and clinical trial operations in the medical sector. The legal marijuana market is anticipated to expand as more cannabis-based symptoms become commercially available. Additionally, as the world’s population increases, geriatric patients are more likely to develop. As a result, the cases of chronic conditions will rise and that would ring lucrative growth opportunities for the global legal marijuana market.
Numerous healthy compounds can be discovered in marijuana, and chronic diseases are becoming more prevalent in the population. The beneficial qualities of medical marijuana, which include alleviating nausea and vomiting, lowering chronic pain, and enhancing appetite during chemotherapy, are expected to escalate the growth of the legal marijuana market.
On the flip side, side effects of marijuana may limit the growth of the legal marijuana market during the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic resulted in disruptions in the supply chain, which created a revenue decline in the legal marijuana market. Apart from that, the import-export business was also affected on a large scale. Stringent lockdowns and changes in regulations with respect to the transportation of marijuana hampered the growth of the legal marijuana market.
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1124
Regional Analysis
North America is forecast to dominate the legal marijuana market due to the presence of a high percentage of users of legal marijuana. The market is expected to record steady growth throughout the forecast period due to the growing approval and initiative in the commercialization of MMJ. In addition, the massive expansion of legal marijuana market is attributed to the adequate supply and impelling demand for marijuana in this region.
Competitors in the Market
? VIVO Cannabis Inc.
? Dr. Hemp Me
? Medical Marijuana, Inc.
? Spring Creek Labs
? Hemp Life Today
? Moon Mother Hemp Company
? Hemp Production Services
? Royal CBD
? CV Sciences
? Hudson Valley Hemp
? Other Prominent Players
Market Segmentation
The global legal marijuana market segmentation focuses on Product, Species, Application, and Region.
Product Type Outlook
? Flower
? Oil and Tinctures
Species Outlook
? Indica
? Sativa
? Others
Application Outlook
? Medical
o Chronic Pain
o Cancer
o Depression and Anxiety
o Arthritis
o Diabetes
o Glaucoma
o Migraines
o Epilepsy
o Multiple Sclerosis
o AIDS
o Amyotrophic Lateral Sclerosis
o Alzheimer’s
o Post-traumatic Stress Disorder (PTSD)
o Parkinson’s
o Tourette’s
o Others
? Adult Use
Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1124
By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1124
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/