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Report Scope & Overview:

Legal Cannabis Market was estimated at USD 27.4 billion in 2022 and is predicted to grow at a 25.5% CAGR from 2023 to 2030.

Executive Summary:

The global Legal Cannabis market is expected to experience significant growth due to various factors such as increasing demand for the product, the presence of key market players, and advancements in technology. This report provides an in-depth analysis of the market size, growth trends, pricing structure, production, value chain analysis, and regional assessment. The report also offers insights into company profiling and emerging product lines.

The report provides a thorough analysis of the current demand and supply environment of the global Legal Cannabis market, as well as the price trends in the market for the next few years. The leading global players in the market are profiled, including their revenue, market share, profit margin, major product portfolio and SWOT analysis. The report also provides an analysis of the supply chain from an industry perspective, including an introduction to the process chart, upstream key raw material and cost analysis, distributor and downstream buyer analysis.

In addition, the report includes global and regional market size and forecasts, major product development trends, and typical downstream segment scenarios. The market drivers and inhibitors are analyzed in the context of these trends and scenarios. The report provides a comprehensive analysis of the market landscape, including competition analysis by price, revenue, sales, and market share by company, market rate, competitive situation landscape, and the latest trends, mergers, expansions, acquisitions, and market shares of top companies.

DESCIMG1

Market Dynamics:

Legalisation and decriminalisation: Many countries and states were legalising or decriminalising cannabis for medical and/or recreational purposes. This movement was fueled by shifting public attitudes, prospective tax income, and a growing body of information on cannabis's medical advantages.

Industry Expansion: As additional states legalised cannabis, the industry grew significantly. This expansion encompassed a diverse spectrum of items, including dried flowers and edibles, as well as extracts, oils, and topicals.

Investment and Entrepreneurship: Significant investments and entrepreneurship have been attracted to the legal cannabis business. Startups and established companies were joining the market, sparking innovation in cultivation, extraction, distribution, and marketing.

Regulation and Compliance: As the cannabis industry grew, regulators established frameworks to control cannabis enterprises. Compliance with these standards became increasingly important for market participants, resulting in a greater emphasis on quality control and testing.

Medical Cannabis Research and Application: Medical cannabis research was gaining momentum, resulting in a deeper understanding of the plant's therapeutic potential. Cannabis-derived therapies were also being researched by pharmaceutical corporations for a variety of illnesses such as chronic pain, epilepsy, and multiple sclerosis.

Shift from unlawful to Legal Market: As consumers chose to buy regulated and tested products from licenced dispensaries, the legal cannabis market was luring them away from the unlawful market.


Market Segmentations:

Global Legal Cannabis Market: By Company
• Aurora Cannabis
• Bhang Corporation
• Canopy Growth Corporation
• Medical Marijuana
• Mentor Capital
• Cannoid
• CBD American Shaman
• CV Sciences
• Elixinol
• Folium Biosciences
• IRIE CBD
• Meadow Care
• mCig
• NuLeaf Naturals
• Pharmahemp
• Terra Tech
• United Cannabis

Global Legal Cannabis Market: By Type
• Buds
• Oils
• Others

Global Legal Cannabis Market: By Application
• Chronic Pain
• Mental Disorders
• Cancer
• Others

Global Legal Cannabis Market: Regional Analysis
The regional analysis of the global Legal Cannabis market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Legal Cannabis market report are as follows:

North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Legal Cannabis in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.

Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Legal Cannabis in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.

Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Legal Cannabis in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.

Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.

South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Legal Cannabis in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.


Repot Attribute/MetricDetails
Market Size Value in 2022 USD 27.4 billion
Projected Market Size 2030USD 134.4 billion
Compound Annual Growth Rate (CAGR)25.5% 
Base Year2022
Forecast Period2023 to 2032
Historical Data2018-2022
Forecast UnitsValue (USD billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends 
By Type• Buds
• Oils
• Others
By Application• Chronic Pain
• Mental Disorders
• Cancer
• Others
Key Companies Profiled• Aurora Cannabis
• Bhang Corporation
• Canopy Growth Corporation
• Medical Marijuana
• Mentor Capital
• Cannoid
• CBD American Shaman
• CV Sciences
• Elixinol
• Folium Biosciences
• IRIE CBD
• Meadow Care
• mCig
• NuLeaf Naturals
• Pharmahemp
• Terra Tech
• United Cannabis
Regions and Key Countries CoveredU.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America
Customization ScopeAvailable on Request


Reasons to Purchase Legal Cannabis Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.

Objectives of Legal Cannabis Market Study:
The objectives of Legal Cannabis market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Legal Cannabis market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Legal Cannabis market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.

Frequently Asked Questions

  Emerging trends in the legal cannabis market include the rise of cannabis-infused beverages and edibles, advancements in cannabis cultivation techniques, and the development of novel medicinal applications.

  Cannabis has shown potential health benefits in alleviating symptoms of certain medical conditions, such as chronic pain, epilepsy, and nausea.

  The current size of the legal cannabis market globally is 25.5% CAGR.

  The legal cannabis market offers a wide range of products, including dried flower, pre-rolled joints, edibles, concentrates (e.g., oils, waxes), tinctures, topicals, and more.

  Cannabis has shown potential health benefits in alleviating symptoms of certain medical conditions, such as chronic pain, epilepsy, and nausea.

TABLE OF CONTENT

1 Legal Cannabis Market Overview
1.1 Product Definition
1.2 Legal Cannabis Segment by Type
1.2.1 Global Legal Cannabis Market Value Growth Rate Analysis by Type 2023 VS 2032
1.2.2 Buds
1.2.3 Oils
1.2.4 Others
1.3 Legal Cannabis Segment by Application
1.3.1 Global Legal Cannabis Market Value Growth Rate Analysis by Application: 2023 VS 2032
1.3.2 Chronic Pain
1.3.3 Mental Disorders
1.3.4 Cancer
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Legal Cannabis Production Value Estimates and Forecasts (2017-2032)
1.4.2 Global Legal Cannabis Production Capacity Estimates and Forecasts (2017-2032)
1.4.3 Global Legal Cannabis Production Estimates and Forecasts (2017-2032)
1.4.4 Global Legal Cannabis Market Average Price Estimates and Forecasts (2017-2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Legal Cannabis Production Market Share by Manufacturers (2017-2023)
2.2 Global Legal Cannabis Production Value Market Share by Manufacturers (2017-2023)
2.3 Global Key Players of Legal Cannabis, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Legal Cannabis Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Legal Cannabis Average Price by Manufacturers (2017-2023)
2.6 Global Key Manufacturers of Legal Cannabis, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Legal Cannabis, Product Offered and Application
2.8 Global Key Manufacturers of Legal Cannabis, Date of Enter into This Industry
2.9 Legal Cannabis Market Competitive Situation and Trends
2.9.1 Legal Cannabis Market Concentration Rate
2.9.2 Global 5 and 10 Largest Legal Cannabis Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Legal Cannabis Production by Region
3.1 Global Legal Cannabis Production Value Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.2 Global Legal Cannabis Production Value by Region (2017-2032)
3.2.1 Global Legal Cannabis Production Value Market Share by Region (2017-2023)
3.2.2 Global Forecasted Production Value of Legal Cannabis by Region (2023-2032)
3.3 Global Legal Cannabis Production Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.4 Global Legal Cannabis Production by Region (2017-2032)
3.4.1 Global Legal Cannabis Production Market Share by Region (2017-2023)
3.4.2 Global Forecasted Production of Legal Cannabis by Region (2023-2032)
3.5 Global Legal Cannabis Market Price Analysis by Region (2017-2023)
3.6 Global Legal Cannabis Production and Value, Year-over-Year Growth
3.6.1 North America Legal Cannabis Production Value Estimates and Forecasts (2017-2032)
3.6.2 Europe Legal Cannabis Production Value Estimates and Forecasts (2017-2032)
3.6.3 China Legal Cannabis Production Value Estimates and Forecasts (2017-2032)
3.6.4 Japan Legal Cannabis Production Value Estimates and Forecasts (2017-2032)
4 Legal Cannabis Consumption by Region
4.1 Global Legal Cannabis Consumption Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
4.2 Global Legal Cannabis Consumption by Region (2017-2032)
4.2.1 Global Legal Cannabis Consumption by Region (2017-2023)
4.2.2 Global Legal Cannabis Forecasted Consumption by Region (2023-2032)
4.3 North America
4.3.1 North America Legal Cannabis Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.3.2 North America Legal Cannabis Consumption by Country (2017-2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Legal Cannabis Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.4.2 Europe Legal Cannabis Consumption by Country (2017-2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Legal Cannabis Consumption Growth Rate by Region: 2018 VS 2023 VS 2032
4.5.2 Asia Pacific Legal Cannabis Consumption by Region (2017-2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Legal Cannabis Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.6.2 Latin America, Middle East & Africa Legal Cannabis Consumption by Country (2017-2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Legal Cannabis Production by Type (2017-2032)
5.1.1 Global Legal Cannabis Production by Type (2017-2023)
5.1.2 Global Legal Cannabis Production by Type (2023-2032)
5.1.3 Global Legal Cannabis Production Market Share by Type (2017-2032)
5.2 Global Legal Cannabis Production Value by Type (2017-2032)
5.2.1 Global Legal Cannabis Production Value by Type (2017-2023)
5.2.2 Global Legal Cannabis Production Value by Type (2023-2032)
5.2.3 Global Legal Cannabis Production Value Market Share by Type (2017-2032)
5.3 Global Legal Cannabis Price by Type (2017-2032)
6 Segment by Application
6.1 Global Legal Cannabis Production by Application (2017-2032)
6.1.1 Global Legal Cannabis Production by Application (2017-2023)
6.1.2 Global Legal Cannabis Production by Application (2023-2032)
6.1.3 Global Legal Cannabis Production Market Share by Application (2017-2032)
6.2 Global Legal Cannabis Production Value by Application (2017-2032)
6.2.1 Global Legal Cannabis Production Value by Application (2017-2023)
6.2.2 Global Legal Cannabis Production Value by Application (2023-2032)
6.2.3 Global Legal Cannabis Production Value Market Share by Application (2017-2032)
6.3 Global Legal Cannabis Price by Application (2017-2032)
7 Key Companies Profiled
7.1 Aurora Cannabis
7.1.1 Aurora Cannabis Legal Cannabis Corporation Information
7.1.2 Aurora Cannabis Legal Cannabis Product Portfolio
7.1.3 Aurora Cannabis Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.1.4 Aurora Cannabis Main Business and Markets Served
7.1.5 Aurora Cannabis Recent Developments/Updates
7.2 Bhang Corporation
7.2.1 Bhang Corporation Legal Cannabis Corporation Information
7.2.2 Bhang Corporation Legal Cannabis Product Portfolio
7.2.3 Bhang Corporation Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.2.4 Bhang Corporation Main Business and Markets Served
7.2.5 Bhang Corporation Recent Developments/Updates
7.3 Canopy Growth Corporation
7.3.1 Canopy Growth Corporation Legal Cannabis Corporation Information
7.3.2 Canopy Growth Corporation Legal Cannabis Product Portfolio
7.3.3 Canopy Growth Corporation Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.3.4 Canopy Growth Corporation Main Business and Markets Served
7.3.5 Canopy Growth Corporation Recent Developments/Updates
7.4 Medical Marijuana
7.4.1 Medical Marijuana Legal Cannabis Corporation Information
7.4.2 Medical Marijuana Legal Cannabis Product Portfolio
7.4.3 Medical Marijuana Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.4.4 Medical Marijuana Main Business and Markets Served
7.4.5 Medical Marijuana Recent Developments/Updates
7.5 Mentor Capital
7.5.1 Mentor Capital Legal Cannabis Corporation Information
7.5.2 Mentor Capital Legal Cannabis Product Portfolio
7.5.3 Mentor Capital Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.5.4 Mentor Capital Main Business and Markets Served
7.5.5 Mentor Capital Recent Developments/Updates
7.6 Cannoid
7.6.1 Cannoid Legal Cannabis Corporation Information
7.6.2 Cannoid Legal Cannabis Product Portfolio
7.6.3 Cannoid Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.6.4 Cannoid Main Business and Markets Served
7.6.5 Cannoid Recent Developments/Updates
7.7 CBD American Shaman
7.7.1 CBD American Shaman Legal Cannabis Corporation Information
7.7.2 CBD American Shaman Legal Cannabis Product Portfolio
7.7.3 CBD American Shaman Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.7.4 CBD American Shaman Main Business and Markets Served
7.7.5 CBD American Shaman Recent Developments/Updates
7.8 CV Sciences
7.8.1 CV Sciences Legal Cannabis Corporation Information
7.8.2 CV Sciences Legal Cannabis Product Portfolio
7.8.3 CV Sciences Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.8.4 CV Sciences Main Business and Markets Served
7.7.5 CV Sciences Recent Developments/Updates
7.9 Elixinol
7.9.1 Elixinol Legal Cannabis Corporation Information
7.9.2 Elixinol Legal Cannabis Product Portfolio
7.9.3 Elixinol Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.9.4 Elixinol Main Business and Markets Served
7.9.5 Elixinol Recent Developments/Updates
7.10 Folium Biosciences
7.10.1 Folium Biosciences Legal Cannabis Corporation Information
7.10.2 Folium Biosciences Legal Cannabis Product Portfolio
7.10.3 Folium Biosciences Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.10.4 Folium Biosciences Main Business and Markets Served
7.10.5 Folium Biosciences Recent Developments/Updates
7.11 IRIE CBD
7.11.1 IRIE CBD Legal Cannabis Corporation Information
7.11.2 IRIE CBD Legal Cannabis Product Portfolio
7.11.3 IRIE CBD Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.11.4 IRIE CBD Main Business and Markets Served
7.11.5 IRIE CBD Recent Developments/Updates
7.12 Meadow Care
7.12.1 Meadow Care Legal Cannabis Corporation Information
7.12.2 Meadow Care Legal Cannabis Product Portfolio
7.12.3 Meadow Care Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.12.4 Meadow Care Main Business and Markets Served
7.12.5 Meadow Care Recent Developments/Updates
7.13 mCig
7.13.1 mCig Legal Cannabis Corporation Information
7.13.2 mCig Legal Cannabis Product Portfolio
7.13.3 mCig Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.13.4 mCig Main Business and Markets Served
7.13.5 mCig Recent Developments/Updates
7.14 NuLeaf Naturals
7.14.1 NuLeaf Naturals Legal Cannabis Corporation Information
7.14.2 NuLeaf Naturals Legal Cannabis Product Portfolio
7.14.3 NuLeaf Naturals Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.14.4 NuLeaf Naturals Main Business and Markets Served
7.14.5 NuLeaf Naturals Recent Developments/Updates
7.15 Pharmahemp
7.15.1 Pharmahemp Legal Cannabis Corporation Information
7.15.2 Pharmahemp Legal Cannabis Product Portfolio
7.15.3 Pharmahemp Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.15.4 Pharmahemp Main Business and Markets Served
7.15.5 Pharmahemp Recent Developments/Updates
7.16 Terra Tech
7.16.1 Terra Tech Legal Cannabis Corporation Information
7.16.2 Terra Tech Legal Cannabis Product Portfolio
7.16.3 Terra Tech Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.16.4 Terra Tech Main Business and Markets Served
7.16.5 Terra Tech Recent Developments/Updates
7.17 United Cannabis
7.17.1 United Cannabis Legal Cannabis Corporation Information
7.17.2 United Cannabis Legal Cannabis Product Portfolio
7.17.3 United Cannabis Legal Cannabis Production, Value, Price and Gross Margin (2017-2023)
7.17.4 United Cannabis Main Business and Markets Served
7.17.5 United Cannabis Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Legal Cannabis Industry Chain Analysis
8.2 Legal Cannabis Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Legal Cannabis Production Mode & Process
8.4 Legal Cannabis Sales and Marketing
8.4.1 Legal Cannabis Sales Channels
8.4.2 Legal Cannabis Distributors
8.5 Legal Cannabis Customers
9 Legal Cannabis Market Dynamics
9.1 Legal Cannabis Industry Trends
9.2 Legal Cannabis Market Drivers
9.3 Legal Cannabis Market Challenges
9.4 Legal Cannabis Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Aurora Cannabis
Bhang Corporation
Canopy Growth Corporation
Medical Marijuana
Mentor Capital
Cannoid
CBD American Shaman
CV Sciences
Elixinol
Folium Biosciences
IRIE CBD
Meadow Care
mCig
NuLeaf Naturals
Pharmahemp
Terra Tech
United Cannabis

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