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Global Legal Cannabis Market Size, Trends, Forecast, Report: By Products Derived: Marijuana, Industrial Hemp; By Application: Marijuana, Industrial Hemp; By Distribution Channel: Regulated Dispensary, Recreational Stores, Stand-Alone Retailer, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Legal Cannabis Market Growth
The penetration of various start-ups is leading to the availability of cannabis with standard dosing and lab-tested ingredients, the demand for which is rapidly increasing among consumers. Innovative and premium packaging offered by several brands is increasing the appeal of cannabis-based products among millennial and gen-Z consumers, which is invigorating the market growth. The increasing legalisation of cannabis in countries, such as the United States, Spain, and Canada, is fuelling the industry growth. For instance, New York legalised recreational cannabis in April 2021, which is providing a significant boost to the legal cannabis market revenue.
In addition, the increasing use of cannabis for medical use is augmenting the market growth. The trend is expected to escalate in the upcoming years due to the integration of the latest technology such as artificial intelligence (AI) and big data in various treatments. This can lead to the personalisation of medical cannabis to develop specific therapies for cancer and palliative care, which is estimated to fuel the legal cannabis market share. Moreover, increasing investments into medical cannabis is leading to a surge in research and development (R&D) activities and in the exploration of the potential of cannabinoid, which are projected to propel the market growth over the forecast period.
Legal Cannabis Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Market Drivers
5.3 Key Market Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Global Legal Cannabis Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Legal Cannabis Market Analysis
8.1 Key Industry Highlights
8.2 Global Legal Cannabis Historical Market (2018-2023)
8.3 Global Legal Cannabis Market Forecast (2024-2032)
8.4 Global Legal Cannabis Market by Products Derived
8.4.1 Marijuana
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Industrial Hemp
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Legal Cannabis Market by Application
8.5.1 Marijuana
8.5.1.1 Medical
8.5.1.1.1 Historical Trend (2018-2023)
8.5.1.1.2 Forecast Trend (2024-2032)
8.5.1.1.3 Breakup by Type
8.5.1.1.3.1 Migraine
8.5.1.1.3.2 Arthritis
8.5.1.1.3.3 Cancer
8.5.1.1.3.4 Others
8.5.1.2 Recreational Use
8.5.1.2.1 Historical Trend (2018-2023)
8.5.1.2.2 Forecast Trend (2024-2032)
8.5.2 Industrial Hemp
8.5.2.1 Personal Care
8.5.2.1.1 Historical Trend (2018-2023)
8.5.2.1.2 Forecast Trend (2024-2032)
8.5.2.2 Hemp CBD
8.5.2.2.1 Historical Trend (2018-2023)
8.5.2.2.2 Forecast Trend (2024-2032)
8.5.2.3 Food
8.5.2.3.1 Historical Trend (2018-2023)
8.5.2.3.2 Forecast Trend (2024-2032)
8.5.2.4 Consumer Textile
8.5.2.4.1 Historical Trend (2018-2023)
8.5.2.4.2 Forecast Trend (2024-2032)
8.5.2.5 Others
8.6 Global Legal Cannabis Market by Distribution Channel
8.6.1 Regulated Dispensary
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Recreational Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Stand-Alone Retailer
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Legal Cannabis Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Legal Cannabis Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Legal Cannabis Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Legal Cannabis Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Legal Cannabis Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Legal Cannabis Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Canopy Growth Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Aurora Cannabis Enterprises Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Maricann Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Legal Cannabis Market: Key Industry Highlights, 2018 and 2032
2. Global Legal Cannabis Historical Market: Breakup by Products Derived (USD Billion), 2018-2023
3. Global Legal Cannabis Market Forecast: Breakup by Products Derived (USD Billion), 2024-2032
4. Global Legal Cannabis Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Legal Cannabis Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Legal Cannabis Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Legal Cannabis Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Legal Cannabis Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Legal Cannabis Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Legal Cannabis Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Legal Cannabis r Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Legal Cannabis Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Legal Cannabis Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Legal Cannabis Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Legal Cannabis Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Legal Cannabis Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Legal Cannabis Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Legal Cannabis Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Legal Cannabis Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Legal Cannabis Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 23% between 2024 and 2032.
The major market drivers are the increasing demand for cannabinoid-infused food products and the rising awareness regarding the health benefits of cannabis.
The key trends guiding the market growth include the development of innovative cannabis products, the rising demand for cannabis among women, and increasing research and development (R&D) activities initiated by the leading companies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products derived from legal cannabis in the market are marijuana and industrial hemp.
The significant application segments of legal cannabis are marijuana and industrial hemp.
The leading distribution channels of legal cannabis in the market are regulated dispensary, recreational stores, and stand-alone retailer, among others.
The major players in the market are Canopy Growth Corporation, Aurora Cannabis Enterprises Inc., and Maricann Inc., among others.
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