By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Cannabis NewsCannabis News
  • Cannabis
  • CBD
  • Science
  • Culture & Arts
  • Cannabis Press Releases
  • More
    • About Maryjanes Post
    • Cannabis Advertising
    • Cannabis Partnerships
Reading: Global Legal Cannabis Markets Analysis 2021-2028 by Sources (Marijuana, Hemp), End-use (Recreational, Medical), Derivatives (CBD, THC) – ResearchAndMarkets.com
Share
Aa
Aa
Cannabis NewsCannabis News
Search
  • Topics
    • Business
    • Cannabis
    • Cannabis Tech
    • Culture & Arts
    • Industry Leaders
    • Cannabis Press Releases
  • Topics
    • Business
    • Cannabis
    • Cannabis Tech
    • Culture & Arts
    • Industry Leaders
    • Cannabis Press Releases
  • About Maryjanes Post
    • Ambassador
    • Cannabis Partnerships
Follow US
  • Ad Choices
  • RSS Terms of Service
© 2018 - 2022 MaryJanes Post Media. All Rights Reserved.
Cannabis News > Cannabis Press Releases > Global Legal Cannabis Markets Analysis 2021-2028 by Sources (Marijuana, Hemp), End-use (Recreational, Medical), Derivatives (CBD, THC) – ResearchAndMarkets.com
Cannabis Press Releases

Global Legal Cannabis Markets Analysis 2021-2028 by Sources (Marijuana, Hemp), End-use (Recreational, Medical), Derivatives (CBD, THC) – ResearchAndMarkets.com

Business Wire
Last updated: 2021/09/09 at 3:08 PM
Business Wire Published September 9, 2021
Share
SHARE

DUBLIN–(BUSINESS WIRE)–The “Global Legal Cannabis Market 2021-2028” report has been added to ResearchAndMarkets.com’s offering.

logo Cannabis Media & PR

The global legal cannabis market size is expected to reach USD 91.5 billion by 2028, registering a CAGR of 26.3% over the forecast period.

Owing to recent legalization in several parts of the world, the usage of cannabis is gaining momentum for medical purpose. Medical cannabis is used for the treatment of various chronic conditions, such as Parkinson’s disease, Alzheimer’s disease, arthritis, cancer, depression, anxiety, epilepsy, and other neurological conditions. Thus, a wide application scope has led to an increased product demand for the treatment of various chronic conditions.

In addition, due to cannabis being slowly accepted in various countries, some developed countries, such as Canada, Uruguay, and certain states of the U.S., have gone a step further and legalized the recreational use of cannabis. As recreational cannabis is easily available in the market with an economical price tag, the demand for the same has increased exponentially.

This is expected to increase cannabis cultivation to suffice the growing demand. However, the COVID-19 pandemic has adversely affected the market growth owing to the imposition of lockdown, limiting consumers from visiting brick-and-mortar shops.

Based on the sources, the marijuana segment accounted for the highest revenue share in 2020 and is expected to exhibit the fastest growth rate during the forecast period. This can be attributed to increased awareness about its medical benefits and easy availability.

For instance, Marijuana oil is used for the treatment of cancer and nausea and can also be used for the improvement of the sleep cycle and alleviating stress, pain, and anxiety. Decriminalization and legalization of medical marijuana in some countries have led to significant shrinkage in the black market.

Moreover, the high efficacy of marijuana-derived CBD is one of the pivotal factors accountable for the segment’s large share. The usage of cannabis for medical applications has witnessed an expansion with rising support, among the scientific community, due to its benefits in various treatment processes.

In recent years, numerous countries have legalized medical cannabis, but its prescription is dependent on the demand of the patient and physician’s preference. The recreational-use segment is expected to be the fastest-growing segment during the forecast period.

Legal Cannabis Market Report Highlights

  • The market size is anticipated to be valued at USD 91.5 billion by 2028 owing to the increasing legalization of cannabis across the globe
  • The medical end-use segment dominated the market in 2020 and will retain the leading position during the forecast years
  • This growth can be credited to the rising geriatric population and increasing demand for cannabis for various medical purposes, such as management of chronic pain, mental disorders, chemotherapy-induced nausea & vomiting, and neurological disorders
  • North America was the largest regional market in 2020 owing to high demand and positive attitude toward cannabis

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Global Legal Cannabis Market Variables, Trends & Scope

3.1 Market Segmentation

3.2 Penetration and Growth Prospect Mapping

3.3 Market Dynamics

3.3.1 Market Driver Analysis

3.3.2 Market Restraint Analysis

3.4 Global Legal Cannabis Industry: History of Medical Use of Cannabis

3.5 Global Legal Cannabis Industry: History of Industrial Use of Cannabis

3.6 Global Legal Cannabis Industry: Number of Clinical Trials, By Region

3.7 Global Legal Cannabis Industry: Legalization Timeline

3.7.1 Legalization Landscape (Timeline)

3.7.2 The U.S. Legalization Landscape

3.7.3 Global Legal Cannabis Regulatory Scenario, By Country

3.7.3.1 The U.S.

3.7.3.2 Canada

3.7.3.3 Germany

3.7.3.4 Italy

3.7.3.5 Croatia

3.7.3.6 The Netherlands

3.7.3.7 Czech Republic

3.7.3.8 Poland

3.7.3.9 Switzerland

3.7.3.10 Australia

3.7.3.11 Uruguay

3.7.3.12 Colombia

3.7.3.13 Argentina

3.7.3.14 Chile

3.7.3.15 Mexico

3.7.3.16 Israel

3.8 Global Legal Cannabis Industry: Consumption Pattern Analysis, By Region

3.8.1 Consumption Pattern Analysis, By Region

3.8.2 Estimated Number of Cannabis Users from 2016 to 2026, By Country

3.8.3 Estimated Number of Medical Marijuana Users from 2016 to 2026, By Country

3.9 Global Legal Cannabis Industry: Potential Trade Opportunity

3.9.1 Trade Opportunity Analysis, By Region

3.9.2 Global Legal Cannabis Trade Route

3.9.3 Global Hemp Trade Route

3.9.4 Countries Importing and Exporting Medical Cannabis (Flower)

3.9.5 Countries Importing and Exporting Hemp Seeds

3.9.6 Countries Importing and Exporting Hemp Seed Oil

3.10 Global Legal Cannabis Industry: Seed to Shelf Story

3.10.1 Section Description

3.10.1.1 Cultivators and Growers

3.10.1.2 Manufacturers and Producers

3.10.1.3 Testers

3.10.1.4 Wholesalers and Distributors

3.10.1.5 Retailers

3.10.2 Supply Chain Analysis

3.10.2.1 Profit Margin Estimation

3.11 Global Legal Cannabis Industry: Country Case Studies

3.11.1 The U.S.

3.11.1.1 Legalization of Cannabis:

3.11.1.2 Reason for Legalization:

3.11.1.3 Scenario after Legalization and Consumer Attitudes:

3.11.1.4 Competitive Landscape Post Legalization

3.11.2 Canada

3.11.3 Thailand

3.11.4 South Africa

3.11.5 Uruguay

Chapter 4 Global Legal Cannabis Market: Sources Estimates & Trend Analysis

4.1 Segment Dashboard

4.2 Global Legal Cannabis Market: Sources Movement Analysis, 2020 & 2028 (USD Million)

4.2.1 Marijuana

4.2.1.1 Marijuana Market Estimates And Forecasts, 2014 – 2028 (USD Million)

4.2.1.2 Flowers

4.2.1.3 Oil and Tinctures

4.2.2 Hemp

4.2.2.1 Hemp Market Estimates And Forecasts, 2014 – 2028 (USD Million)

4.2.2.2 Hemp CBD

4.2.2.3 Supplements

4.2.2.4 Industrial Hemp

Chapter 5 Global Legal Cannabis Market: Derivatives Estimates & Trend Analysis

5.1 Segment Dashboard

5.2 Global Legal Cannabis Market: Derivatives Movement Analysis, 2020 & 2028 (USD Million)

5.2.1 CBD

5.2.2 THC

Chapter 6 Global Legal Cannabis Market: End-use Estimates & Trend Analysis

6.1 Segment Dashboard

6.2 Global Legal Cannabis Market: End-Use Movement Analysis, 2020 & 2028 (USD Million)

6.2.1 Medical Use

6.2.1.1 Medical Use Market Estimates And Forecasts, 2014 – 2028 (USD Million)

6.2.1.2 Cancer

6.2.1.3 Chronic Pain

6.2.1.4 Depression and Anxiety

6.2.1.5 Arthritis

6.2.1.6 Diabetes

6.2.1.7 Glaucoma

6.2.1.8 Migraines

6.2.1.9 Epilepsy

6.2.1.10 Multiple Sclerosis

6.2.1.11 AIDS

6.2.1.12 Amyotrophic Lateral Sclerosis

6.2.1.13 Alzheimer’s

6.2.1.14 Post Traumatic Stress Disorder (PTSD)

6.2.1.15 Parkinson’s

6.2.1.16 Tourette’s

6.2.1.17 Others

6.2.2 Recreational Use

6.2.3 Industrial Use

Chapter 7 Global Legal Cannabis Market: Competitive Analysis

7.1 Company Market Position Analysis

7.2 Strategic Framework

Chapter 8 Global Legal Cannabis Market: Regional Estimates & Trend Analysis: By Product, Sources, and End-User

8.1 Regional Market Snapshot

8.2 Global Legal Cannabis Market: Regional Movement Analysis, 2020 & 2028 (USD Million)

Chapter 9 Competitive Landscape

  • Canopy Growth Corporation
  • GW Pharmaceuticals, PLC
  • Aurora Cannabis, Inc.
  • Aphria, Inc. (Prior To Merger With Tilray)
  • Cronos Group
  • Tilray
  • Sundial Growers, Inc.
  • Insys Therapeutics, Inc.
  • The Scotts Company LLC
  • Vivo Cannabis Inc.

For more information about this report visit https://www.researchandmarkets.com/r/1l06o1

Cannabis Media & PR

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

You Might Also Like

 Flower One Obtains Meeting Order Under the Companies’ Creditors Arrangement Act (Canada)

United States Alternative Adult Beverages Market Report 2022: The Burgeoning Adult Beverage Segment Expanding the Adult Beverage Horizon – ResearchAndMarkets.com

Global Cannabidiol Market Report 2022: Growing Acceptance and Use of Products Due to Government Approvals Drives Sector – ResearchAndMarkets.com

Organigram Launches HOLY MOUNTAIN to Further Support Its Strong Position in the Dried Flower and Hash Categories

Leafly to Participate at Upcoming Investor Conferences

TAGGED: Business Wire
Business Wire September 9, 2021
Share this Article
Twitter Reddit Email Copy Link
Previous Article MyMD Pharmaceuticals to Present its Novel Therapeutic Platforms for Extending Healthy Lifespan at the H.C. Wainwright 23rd Annual Global Investment Conference September 13-15
Next Article Ally Biotech Enters Arizona Market

Cannabis News and More

Work with an experienced cannabis media firm to provide your brand with the exposure it needs.

Cannabis Topics

  • Cannabis
  • Business
  • CBD
  • Cannabis Science
  • Culture & Arts

Company

  • About Maryjanes Post
  • Contact Cannabis Media
  • Contributor Guidelines

Terms of Use

  • TERMS
  • PRIVACY
  • CONTRIBUTOR AGREEMENT
  • DMCA

Resources

  • Write For UsNew
  • Media KitNew
  • Cannabis Advertising
  • Cannabis Partnerships
  • Cannabis Press ReleaseNew
Cannabis NewsCannabis News
Follow US

© 2018 - 2022 MaryJanes Post Media. All Rights Reserved.

  • Ad Choices
  • RSS Terms of Service
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?