Legal Marijuana Industry - Regional Synopsis
On the basis of regional analysis, the legal marijuana market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is predicted to dominate majority revenue share by 2037, attributed to increasing legalization of marijuana in the region for usage in pharmaceutical sector. Moreover, the increasing research and development activities in the region are anticipated to increase the demand for legal marijuana over the forecast period.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of legal marijuana is estimated at USD 31.83 billion.
Legal Marijuana Market size was over USD 26.18 billion in 2024 and is anticipated to cross USD 496.41 billion by 2037, witnessing more than 25.4% CAGR during the forecast period i.e., between 2025-2037.
North America industry is predicted to dominate majority revenue share by 2037, 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.
