The new report by Expert Market Research titled, 'Global Legal Cannabis Market Report and Forecast 2021-2026’, gives an in-depth analysis global legal cannabis market assessing the market based on product type, application, distribution channel and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/legal-cannabis-market/...

The key highlights of the report include:

Market Overview (2016-2026)

Forecast CAGR (2021-2026): 23%

The growing geriatric population that requires treatment for chronic conditions, as well as technological developments in cultivation, are all contributing to the expansion of the legal marijuana market around the world.

Industry Definition and Major Segments

Cannabis is a psychotropic substance made from the cannabis flower. In addition to being used medicinally, cannabis is eaten for its calming and relaxing properties. It is made up of marijuana and hemp and is used in industries like food and textiles. Cannabis and cannabis-based goods are legal now.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/legal-cannabis-market

The major products derived from legal cannabis are:

Marijuana
Industrial Hemp

The market can be broadly categorised on the basis of its application into:

Marijuana
Medical
Migraine
Arthritis
Cancer
Others
Recreational Use
Industrial Hemp
Personal Care
Hemp CBD
Food
Consumer Textile
Others

Based on distribution channel, the market is divided into:

Regulated Dispensary
Recreational Stores
Stand-Alone Retailer
Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Trends

Increased demand for marijuana as a pain reliever in disorders including cancer, AIDS, seizures, and other ailments, as well as an increase in research into the therapeutic properties of marijuana are largely responsible for this market's sizeable position. But the recreational application category is predicted to increase rapidly over the projection period. This increase is mostly due to the rise in the number of people who use marijuana now that it has been legalised, as well as the rising popularity of marijuana use as an alcohol substitute.

Following North America, Latin America, Europe, and Asia-Pacific each held a sizable portion of the worldwide legal marijuana market. Cannabis production and processing technology, a huge marijuana consumer base, and a shift in attitudes regarding marijuana use for both medical and recreational purposes are all factors that contribute to this region's rapid growth.

Key Market Players

The major players in the market are Canopy Growth Corporation, Aurora Cannabis Enterprises Inc., Maricann Inc. and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

Read More Reports:

Fire Truck Market: https://www.expertmarketresearch.com/reports/fire-truck-market

Metamaterial Market: https://www.expertmarketresearch.com/reports/metamaterial-market

Airless Tyres Market: https://www.expertmarketresearch.com/reports/airless-tyres-market

Sports Supplements Market: https://www.expertmarketresearch.com/reports/sports-supplements-market

Quick Service Restaurants Market: https://www.expertmarketresearch.com/reports/quick-service-restaura...

Also, Check Procurement Intelligence which provides you with Infallible research solutions.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Content Source: https://takeitcool.com/global-legal-cannabis-market-size-share-key-...