Legal Marijuana Market Analysis

  • Report ID: 2833
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Legal Marijuana Market Analysis

The legal marijuana market is segmented by application into chronic pain, cancer, mental disorders, glaucoma and others. Among these segments, the chronic pain segment is anticipated to record the largest market share over the forecast period owing to the presence of chemical compounds, such as cannabinoids, which helps in relieving severe pain. Furthermore, the cannabinoids have the properties of altering pain perception pathways in our brain, which helps in reducing severe pain.

Our in-depth analysis of the global legal marijuana market includes the following segments

By Form

  • Flower
  • Oil
  • Shatter
  • Wax
  • Tinctures
  • Others

By Usage Type

  • Medical
  • Recreational

By Distribution Channel

  • Online
  • Offline

By Application

  • Chronic Pain
  • Cancer
  • Mental Disorders
  • Glaucoma
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 2833
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of legal marijuana is estimated at USD 25.12 billion.

Legal Marijuana Market size was over USD 20.88 billion in 2023 and is anticipated to cross USD 395.91 billion by 2036, witnessing more than 25.4% CAGR during the forecast period i.e., between 2024-2036.

North America industry is anticipated to hold largest revenue share by 2036, attributed to increasing legalization of marijuana in the region for usage in pharmaceutical sector.

The major players in the market are Organigram Holdings Inc., CannTrust Ltd., HEXO Corp., The Cronos Group, Aphria Inc., Terra Tech Corp., Aurora Cannabis Inc., Canopy Growth Corporation, Tilray, and others.
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