According to a market report by Lucintel, the future of the global legal marijuana market looks promising with opportunities in the medical and adult use markets. The global legal marijuana market is expected to reach an estimated $124 billion by 2030 from $45 billion in 2024 at a CAGR of 18.4% from 2024 to 2030. The major drivers for this market are increasing awareness of the therapeutic benefits of this product, such as reducing eye pressure and managing pain, and the rising demand for cannabis-containing vapes, pre-rolls, and gummies.
A more
than 150-page report to understand trends, opportunity and forecast in global legal
marijuana market to 2030 by product type (flower and oil & tinctures),
application (medical and adult use), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel
forecasts that, within the product type category, oil & tincture will
remain a larger segment over the forecast period due to the rapid introduction
of cannabis-based products for medical use.
Within the
application category, medical will remain a larger segment due to recent
approval and reduced legal penalties for the medical use of marijuana.
Download
sample by clicking on legal marijuana
market.
In terms
of regions, North America will remain the largest region over the forecast
period due to the quick and notable rise in the rate at which governments are
decriminalizing cannabis for both adult and medical use.
Canopy
Growth Corporation, AURORA CANNABIS, Tilray Brands, ABcann Medicinals, The
Cronos, MARICANN, Organigram Holdings are the major suppliers in the legal marijuana market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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