Legal Marijuana Market 2019-2025
Legal Marijuana Market: Meticulous Research® Reveal
Why This Market is Growing at a CAGR of 28.3% to
Reach $75.6 Billion by 2025
Legal marijuana products are prepared from the leaves, buds, and flowers of the cannabis plant.
They are most often consumed by smoking dried cannabis flowers, although many other products
and consumption methods exist, such as edible products which include infused chocolate, prepackaged brownies, and other items. Marijuana contains over 100 different chemical compounds,
known as cannabinoids. Tetrahydrocannabinol (THC) is the principal psychoactive cannabinoid
and cannabidiol (CBD) is a non-psychoactive cannabinoid known to have some medicinal benefit.
Legal marijuana may be used recreationally to produce a desired ‘high’ or medicinally for symptom
management in patients with HIV/ AIDS, cancer, spinal cord injuries, multiple sclerosis, severe
arthritis, and seizures. Meticulous Research® in its latest publication onLegal Marijuana
Marketstates that the global legal marijuana market is expected to grow at a CAGR of 28.3%
from 2019 to reach $75.6 billion by 2025.
The growth of this market is mainly attributed to the increasing legalization of marijuana, the
growing medicinal application of marijuana, the rising geriatric population in need of treatment for
chronic diseases, and growing awareness about application of marijuana. In addition, huge
untapped market provides significant opportunities for the growing legal marijuana market.
To provide efficient analysis, Meticulous Research® has segmented this market on the
basis product type (buds/ cannabis flower and cannabis extracts), cannabis extracts (oil, tinctures,
and others), species (cannabis indica, cannabis sativa, and hybrid cannabis), strains (THCdominant, CBD-dominant, and balanced THC and CBD), purchase channel (online channels and
offline channels), application (medical, recreational, and cosmetics and others), medical
application (chronic pain, mental disorders, cancer, and others), and end-use industries
(pharmaceutical, food, beverages, and tobacco, personal care, and research and development
centers).
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In case of product type, the global legal marijuana market is segmented into buds/ cannabis flower
and cannabis extracts. Buds/ cannabis flower hold the largest share of the global legal marijuana
market in 2018. The large share of this segment is mainly attributed to the rising number of
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Legal Marijuana Market 2019-2025
smokers. Moreover, in case of strains, THC-dominant segment commanded the largest share of
the global legal marijuana market in 2018. The large share of this segment is primarily attributed
due to its wide-range medicinal properties such as analgesic, anti-anxiety, antibacterial,
anticancer, antidepressant, antiemetic, anti-inflammatory, antinausea, and antispasmodic.
However, the CBD-dominant segment is expected to witness the rapid growth during the forecast
period.
In case of application, recreational application segment is expected to witness rapid growth during
the forecast period. The rapid growth of this market is primarily attributed to the increased tax
revenue, increases creativity, and it’s a far safer alternative to alcohol.
Geographically, North America accounted for the largest share of the global marijuana market in
2018. The major share of North America is mainly attributed to the technological advancements,
changing people's attitude toward marijuana use, large base of potential cannabis consumers,
rising acceptance for both medical and recreational purposes, and increasing investment by key
players.
Key Players:
The key players operating in the global legal marijuana market are Canopy Growth Corporation
(Canada), Aphria, Inc. (Canada), Aurora Cannabis Inc. (Canada), Maricann Group, Inc. (Canada),
Tilray, Inc. (Canada), Cronos Group Inc. (Canada), OrganiGram Holding Inc. (Canada), VIVO
Cannabis Inc. (Canada), Tikun Olam Ltd. (Israel), The Green Organic Dutchman Holdings Ltd.
(Canada), Terra Tech Corp. (U.S.), Medical Marijuana, Inc. (U.S.), Stenocare A/S (Denmark),
Cannabis Science, Inc. (U.S.), and HEXO Corp. (Canada).
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Key questions answered in the report:
Growing medical application to drive the adoption of legal marijuana market
•
How does the adoption of legal marijuana in medical application differ from the adoption
in recreational application?
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Legal Marijuana Market 2019-2025
•
•
What impact does this have on the adoption of legal marijuana in comparison to other
application segments?
Which are the high growth market segments in terms of product types, species, strains,
purchase channel, end user, and regions/ countries?
The North American legal marijuana market favors both larger and local manufacturers that
compete in multiple segments
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•
•
•
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Who are the top competitors in this market and what strategies do they employ to gain
shares?
What is driving growth and which market segments have the most potential for revenue
expansion over the forecast period?
What strategies should new companies looking to enter this market use to compete
effectively?
What are the major drivers, restrains, challenges, opportunities, and trends in the global
legal marijuana market?
Who are the major players in various countries and what share of the market do they
hold?
What are the geographical trends and high growth regions/ countries?
Recent new product launches, divestiture, partnerships, mergers & acquisitions, and
expansions taken place in the legal marijuana market
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•
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What companies have recently merged/acquired in various countries across the globe
and how will these unions affect the competitive landscape of the legal marijuana
market?
Which companies have created partnerships and how will these partnerships promote a
competitive advantage?
Who are the major players in the global legal marijuana market and what share of the
market do they hold?
Who are the local emerging players in the legal marijuana market and how do they
compete with the global players?
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