Legal Marijuana Market Business ideas and Strategies forecast 2030
Data Bridge Market Research analyses that the Legal Marijuana Market, which was USD 27.7 billion in 2022, would rise to USD 127.49 million by 2030 and is expected to undergo a CAGR of 21% during the forecast period 2023 to 2030.
Industry Analysis
In the past few years, the use of marijuana as a recreational drug has been proven in many countries. Countries such as Uruguay, Canada, and numerous U.S. states have legalized the production, sale, and ownership of marijuana for medical and recreational usage. Several studies were carried out, which showed that medical marijuana and its derivatives could be used to treat symptoms of numerous diseases such as chemotherapy-induced nausea, chronic pain, Parkinson's, Alzheimer's, and other neurological diseases.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Marijuana signifies the dried leaves, stems, flowers, and seeds from the cannabis sativa or cannabis indica plant. It is also commonly known as cannabis. This plant is generally used as a recreational drug for numerous diseases. The legality of marijuana for recreational and medical is being done across many regions concerning its cultivation, possession, and distribution.
Global Legal Marijuana Market Scope
The legal marijuana market is segmented on the basis of species, strains, type, application, product type, purchase channel, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Species
• Sativa
• Indica
• Hybrid
Data Bridge Market Research analyses that the Legal Marijuana Market, which was USD 27.7 billion in 2022, would rise to USD 127.49 million by 2030 and is expected to undergo a CAGR of 21% during the forecast period 2023 to 2030.
Industry Analysis
In the past few years, the use of marijuana as a recreational drug has been proven in many countries. Countries such as Uruguay, Canada, and numerous U.S. states have legalized the production, sale, and ownership of marijuana for medical and recreational usage. Several studies were carried out, which showed that medical marijuana and its derivatives could be used to treat symptoms of numerous diseases such as chemotherapy-induced nausea, chronic pain, Parkinson's, Alzheimer's, and other neurological diseases.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Marijuana signifies the dried leaves, stems, flowers, and seeds from the cannabis sativa or cannabis indica plant. It is also commonly known as cannabis. This plant is generally used as a recreational drug for numerous diseases. The legality of marijuana for recreational and medical is being done across many regions concerning its cultivation, possession, and distribution.
Global Legal Marijuana Market Scope
The legal marijuana market is segmented on the basis of species, strains, type, application, product type, purchase channel, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Species
• Sativa
• Indica
• Hybrid
9 months ago
