Global Legal Cannabis Market is expected to grow at a significant growth rate, and the forecast period is 2022-2028, considering the base year as 2021.
Cannabis also called Marijuana is an herbal drug containing chemicals called cannabinoids which include delta-9-tetrahydrocannabinol (THC) and cannabidiol (CBD). Cannabis is commonly used as a recreational drug and it is widely known for its psychoactive effects caused by cannabinoids in it, they work by binding to specific sites in the brain and on the nerves. There are over 100 cannabinoids in cannabis, but THC and CBD are the most well-studied and recognized. In the entire cannabis plant, cannabinoids are found in the highest levels in the leaves and flowers (Buds).
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List of the Key Companies Profiled
· Canopy Growth Corporation (Canada)
· Aphria Inc. (Canada)
· VIVO marijuana Inc. (Canada)
· OrganiGram Holding Inc. (Canada)
· Aurora marijuana Inc. (Canada)
· The Green Organic Dutchman (Canada)
· Atlas Growers (Canada)
· Maricann Group, Inc. (Canada)
· Tilray Inc. (Canada)
· Terra Tech Corp. (US)
· Stenocare A/S (Denmark)
· HEXO Corp. (Canada)
· Medical Cannabis Inc. (US)
· AlephSana GmbH (Germany)
· Tikun Olam Ltd. (Israel)
· Cannabis Science Inc. (US) and Other Major Players
The latest research on the Legal Cannabis Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Legal Cannabis Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Legal Cannabis Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Segmentation of Legal Cannabis Market:
· Cannabis Insdica
· Cannabis Sativa
· Cannabis Ruderalis
· Hybrid Cannabis
By Product Type
· Buds/Flowers
· Cannabis Extracts
By Sales Channel
· Online Sales
· Offline Sales
By Application
· Medical
· Recreational
· Cosmetics
· Others
Legal Cannabis Market Regional Analysis/Insights:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Report centrally focuses on in-depth company profiles and competitive analysis, offering valuable insights into market players' overview, market role, operating business segments, and financial performance. By evaluating crucial metrics like production volume, sales volume, and sales margin, we provide a comprehensive understanding of their market standing. In addition, report highlights recent market developments, keeping you informed about emerging opportunities and competitive dynamics. Introspective Market Research offers comprehensive market research studies, providing valuable insights and strategic guidance to businesses worldwide. We ensure reliability and accuracy in our reports for informed decision-making.
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Covid-19 Impact Analysis On Legal Cannabis Market
COVID-19 has at one side helped the cannabis market growth with the elevated demand and on the other has also negatively affected the market by disrupting production, shutting down the processing plants, and halting the supply operations. During the beginning of the COVID-19 outbreak, sales of cannabis products were seen increasing in the cannabis legal countries like the United States. The market saw a large boost as consumers prepared for coming lockdowns. But eventually, the demand did not sustain and the industry in both the U.S. and Canada faced some serious losses due to oversupply.
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