Legal Cannabis Market to Record 21.39% CAGR from 2021 to 2025

NEW YORKOct. 21, 2021 /PRNewswire/ — The “Legal Cannabis Market by Product (Medical cannabis and Recreational cannabis) and Geography (North AmericaEurope, APAC, South America, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offerings. With ISO 9001:2015 certification, Technavio has been proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the legal cannabis market between 2021 and 2025 is USD 34.91 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Attractive Opportunities in Legal Cannabis Market by Product and Geography – Forecast and Analysis 2021-2025

Key Market Dynamics:

  • Market Drivers
  • Market Challenges

The rising number of countries decriminalizing and legalizing cannabis and the health benefits of medical cannabis are some of the key market drivers. However, factors such as lack of funding and investment will challenge market growth.

To learn about additional key drivers, trends, and challenges available with Technaviotake a look at our FREE Sample Report right now!

The legal cannabis market report is segmented by product (medical cannabis and recreational cannabis) and geography (North AmericaEurope, APAC, South America, and MEA). North America will be the leading region with 89% of the market’s growth during the forecast period. The US and Canada are the key markets for legal cannabis in North America.

View our sample report for accurate prediction of the contribution of all the segments and regional opportunities in store.

Some Companies Mentioned

    • Aurora Cannabis Inc.
    • Bhang Corp.
    • Cannoid LLC
    • Canopy Growth Corp.
    • Cronos Group Inc.

To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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  • Marijuana Market: The marijuana market has been segmented by product (medical marijuana and recreational marijuana) and geography (North AmericaEurope, APAC, South America, and MEA). Download Free Sample Report
  • Medical Marijuana Market: The medical marijuana market has been segmented by application (chronic pain, nausea, and others) and geography (North AmericaEurope, APAC, South America, and MEA). Download Free Sample Report

Aurora Cannabis Inc., Bhang Corp., Cannoid LLC, Canopy Growth Corp., Cronos Group Inc., CV Sciences Inc., Jazz Pharmaceuticals Plc, Medical Marijuana Inc., Tilray Inc., and VIVO Cannabis Inc.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and customize segments.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Legal Cannabis Market to Record 21.39% CAGR from 2021 to 2025