The legal marijuana industry has seen significant growth over the past few years, fueled by shifting attitudes towards the use of cannabis for both recreational and medical purposes. Legal marijuana refers to the cultivation, distribution, and sale of cannabis in compliance with specific laws and regulations. It has gained acceptance in various countries and states, leading to a booming market that shows promising prospects for the future.
With the global legal marijuana market projected to reach a size of US$21315 million by 2022, according to a report by HJResearch, it is evident that the industry is experiencing rapid expansion. This forecasted market growth is supported by a compound annual growth rate of 25.78%, highlighting the tremendous potential for entrepreneurs and investors in this sector.
Legal marijuana serves two primary purposes: recreational and medical. In the recreational context, it is consumed for leisure purposes and to experience the psychotropic effects of cannabis. This aspect of the industry caters to a growing demand for legalized marijuana products for individuals seeking relaxation and an alternative to alcohol or other substances.
On the other hand, medical marijuana is increasingly being recognized for its therapeutic properties in alleviating symptoms associated with various medical conditions. Several studies have shown the benefits of cannabis in managing chronic pain, reducing nausea and vomiting caused by chemotherapy, and aiding in the treatment of epilepsy and multiple sclerosis, among other conditions. The medical marijuana segment of the industry holds immense potential as more research is conducted and healthcare providers continue to prescribe cannabis-based treatments.
The legal marijuana industry is driven by a range of companies that have emerged as key players in the global market. These manufacturers include Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., and mCig Inc., among others. These companies have positioned themselves strategically to capitalize on the growing demand for legal marijuana products, expanding their production capabilities, establishing distribution networks, and developing product innovations to stay competitive in the market.
The prospects for the legal marijuana industry are promising, with evolving legislation showing a shift towards acceptance and decriminalization. This trend has led to a cascading effect, influencing public perception and creating a more favorable environment for the legal marijuana market. Moreover, the continued research into the medical benefits of cannabis and the growing number of countries and states legalizing its use for medical purposes further fuel the industry's growth potential.
However, it is important to note that the legal marijuana industry still faces certain challenges, including regulatory complexities, limited access to banking services, and the need for continued education and awareness campaigns to dispel misconceptions. Addressing these hurdles will be crucial for the sustained and responsible growth of the industry.
In conclusion, the legal marijuana industry is on a remarkable trajectory of growth, with a projected market size of US$21315 million by 2022 and a compound annual growth rate of 25.78%. Its use spans both recreational and medical purposes, with key global manufacturers such as Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., and mCig Inc. leading the way. With changing attitudes, evolving legislation, and increasing acceptance of cannabis as a viable option for recreational and medical use, the legal marijuana industry holds promising prospects for the future.
The SWOT analysis of the Legal Marijuana industry is as follows:
Strengths:
1. Growing demand: The legalization of marijuana has created a booming industry, with increasing demand from consumers.
2. Job creation: The legal marijuana industry has created numerous job opportunities, from cultivation to retail and marketing.
3. Tax revenue: Legalizing marijuana has allowed governments to generate significant tax revenue from the industry.
4. Economic growth: The industry has contributed to overall economic growth, as businesses in the marijuana sector continue to expand and invest.
5. Branding and marketing: With the emergence of legal marijuana, companies have the opportunity to create unique brands and marketing strategies to differentiate themselves from competitors.
Weaknesses:
1. Regulatory challenges: The legal marijuana industry faces numerous regulations, which can be complex and vary from jurisdiction to jurisdiction.
2. Limited banking options: Due to federal regulations, many financial institutions are hesitant to work with marijuana businesses, leading to limited banking options.
3. Quality control and safety concerns: Ensuring consistent quality and safety standards across the industry can be challenging, and any incidents related to contaminated or unsafe products can damage the industry's reputation.
4. Lack of research: Due to marijuana's historical illegal status, there is limited scientific research on its long-term health effects, which can lead to public and regulatory concerns.
5. Competitive market: The legal marijuana industry is becoming increasingly competitive, with numerous businesses entering the market, making it difficult for new companies to differentiate themselves and gain market share.
Opportunities:
1. Expansion of legalization: As more states and countries legalize marijuana, there will be opportunities for businesses to expand into new markets.
2. Diversification of products: There is potential to diversify product offerings beyond traditional marijuana products, such as edibles, creams, and beverages.
3. Medical applications: Research into the medical applications of marijuana is ongoing, creating opportunities for businesses to develop and market cannabis-based pharmaceuticals or therapeutic treatments.
4. International trade: As more countries legalize marijuana, there is potential for international trade and export opportunities.
5. Social acceptance: As public opinion on marijuana continues to evolve and become more accepting, the legal marijuana industry can benefit from increased social acceptance and less stigma.
Threats:
1. Federal regulations: Despite legalization in certain states and countries, marijuana remains illegal at the federal level in many places, which can create uncertainty and potential legal challenges for the industry.
2. Black market competition: The illegal marijuana market continues to pose a threat to the legal industry, as consumers may opt for cheaper products from the black market.
3. Price fluctuations: The price of marijuana can be volatile, which can impact profit margins and affect the financial stability of businesses within the industry.
4. Public perception: Negative public perception or political opposition to marijuana can impede the industry's growth and expansion.
5. Supply chain challenges: The legal marijuana industry relies on supply chains for cultivation, production, and distribution, which can be vulnerable to disruptions or shortages of key resources, such as water, electricity, or legal cannabis seeds.
Key players in global Legal Marijuana market include:
Medicine Man
Canopy Growth
Aphria
Aurora Cannabis Inc.
mCig Inc
Market segmentation, by product types:
Indoor
Greenhouse
Market segmentation, by applications:
Recreational
Medical
1 Industry Overview of Legal Marijuana
1.1 Research Scope
1.2 Market Segmentation by Types of Legal Marijuana
1.3 Market Segmentation by End Users of Legal Marijuana
1.4 Market Dynamics Analysis of Legal Marijuana
1.4.1 Market Drivers
1.4.2 Market Challenges
1.4.3 Market Opportunities
1.4.4 Porter’s Five Forces
2 Major Manufacturers Analysis of Legal Marijuana Industry
2.1 Medicine Man
2.1.1 Company Overview
2.1.2 Main Products and Specifications
2.1.3 Legal Marijuana Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.1.4 Contact Information
2.2 Canopy Growth
2.2.1 Company Overview
2.2.2 Main Products and Specifications
2.2.3 Legal Marijuana Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.2.4 Contact Information
2.3 Aphria
2.3.1 Company Overview
2.3.2 Main Products and Specifications
2.3.3 Legal Marijuana Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.3.4 Contact Information
2.4 Aurora Cannabis Inc.
2.4.1 Company Overview
2.4.2 Main Products and Specifications
2.4.3 Legal Marijuana Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.4.4 Contact Information
2.5 mCig Inc
2.5.1 Company Overview
2.5.2 Main Products and Specifications
2.5.3 Legal Marijuana Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.5.4 Contact Information
3 Global Legal Marijuana Market Analysis by Regions, Manufacturers, Types and End Users
3.1 Global Sales Volume and Revenue of Legal Marijuana by Regions (2018-2023)
3.2 Global Sales Volume and Revenue of Legal Marijuana by Manufacturers (2018-2023)
3.3 Global Sales Volume and Revenue of Legal Marijuana by Types (2018-2023)
3.4 Global Sales Volume and Revenue of Legal Marijuana by End Users (2018-2023)
3.5 Selling Price Analysis of Legal Marijuana by Regions, Manufacturers, Types and End Users in (2018-2023)
4 Northern America Legal Marijuana Market Analysis by Countries, Types and End Users
4.1 Northern America Legal Marijuana Sales Volume and Revenue Analysis by Countries (2018-2023)
4.2 Northern America Legal Marijuana Sales Volume and Revenue Analysis by Types (2018-2023)
4.3 Northern America Legal Marijuana Sales Volume and Revenue Analysis by End Users (2018-2023)
4.4 United States Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
4.5 Canada Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5 Europe Legal Marijuana Market Analysis by Countries, Types and End Users
5.1 Europe Legal Marijuana Sales Volume and Revenue Analysis by Countries (2018-2023)
5.2 Europe Legal Marijuana Sales Volume and Revenue Analysis by Types (2018-2023)
5.3 Europe Legal Marijuana Sales Volume and Revenue Analysis by End Users (2018-2023)
5.4 Germany Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.5 France Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.6 UK Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.7 Italy Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.8 Russia Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.9 Spain Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.10 Netherlands Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6 Asia Pacific Legal Marijuana Market Analysis by Countries, Types and End Users
6.1 Asia Pacific Legal Marijuana Sales Volume and Revenue Analysis by Countries (2018-2023)
6.2 Asia Pacific Legal Marijuana Sales Volume and Revenue Analysis by Types (2018-2023)
6.3 Asia Pacific Legal Marijuana Sales Volume and Revenue Analysis by End Users (2018-2023)
6.4 China Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.5 Japan Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.6 Korea Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.7 India Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.8 Australia Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.9 Indonesia Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.10 Vietnam Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7 Latin America Legal Marijuana Market Analysis by Countries, Types and End Users
7.1 Latin America Legal Marijuana Sales Volume and Revenue Analysis by Countries (2018-2023)
7.2 Latin America Legal Marijuana Sales Volume and Revenue Analysis by Types (2018-2023)
7.3 Latin America Legal Marijuana Sales Volume and Revenue Analysis by End Users (2018-2023)
7.4 Brazil Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7.5 Mexico Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7.6 Argentina Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7.7 Colombia Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8 Middle East & Africa Legal Marijuana Market Analysis by Countries, Types and End Users
8.1 Middle East & Africa Legal Marijuana Sales Volume and Revenue Analysis by Countries (2018-2023)
8.2 Middle East & Africa Legal Marijuana Sales Volume and Revenue Analysis by Types (2018-2023)
8.3 Middle East & Africa Legal Marijuana Sales Volume and Revenue Analysis by End Users (2018-2023)
8.4 Turkey Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8.5 Saudi Arabia Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8.6 South Africa Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8.7 Egypt Legal Marijuana Sales Volume, Revenue, Import and Export Analysis (2018-2023)
9 Marketing Channel, Distributors and Traders Analysis
9.1 Marketing Channel
9.1.1 Direct Channel
9.1.2 Indirect Channel
9.2 Distributors and Traders
10 Global Legal Marijuana Market Forecast by Regions, Countries, Manufacturers, Types and End Users
10.1 Global Sales Volume and Revenue Forecast of Legal Marijuana by Regions (2024-2029)
10.2 Global Sales Volume and Revenue Forecast of Legal Marijuana by Types (2024-2029)
10.3 Global Sales Volume and Revenue Forecast of Legal Marijuana by End Users (2024-2029)
10.4 Global Revenue Forecast of Legal Marijuana by Countries (2024-2029)
10.4.1 United States Revenue Forecast (2024-2029)
10.4.2 Canada Revenue Forecast (2024-2029)
10.4.3 Germany Revenue Forecast (2024-2029)
10.4.4 France Revenue Forecast (2024-2029)
10.4.5 UK Revenue Forecast (2024-2029)
10.4.6 Italy Revenue Forecast (2024-2029)
10.4.7 Russia Revenue Forecast (2024-2029)
10.4.8 Spain Revenue Forecast (2024-2029)
10.4.9 Netherlands Revenue Forecast (2024-2029)
10.4.10 China Revenue Forecast (2024-2029)
10.4.11 Japan Revenue Forecast (2024-2029)
10.4.12 Korea Revenue Forecast (2024-2029)
10.4.13 India Revenue Forecast (2024-2029)
10.4.14 Australia Revenue Forecast (2024-2029)
10.4.15 Indonesia Revenue Forecast (2024-2029)
10.4.16 Vietnam Revenue Forecast (2024-2029)
10.4.17 Brazil Revenue Forecast (2024-2029)
10.4.18 Mexico Revenue Forecast (2024-2029)
10.4.19 Argentina Revenue Forecast (2024-2029)
10.4.20 Colombia Revenue Forecast (2024-2029)
10.4.21 Turkey Revenue Forecast (2024-2029)
10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
10.4.23 South Africa Revenue Forecast (2024-2029)
10.4.24 Egypt Revenue Forecast (2024-2029)
11 Industry Chain Analysis of Legal Marijuana
11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Legal Marijuana
11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Legal Marijuana
11.1.2 Major Equipment Suppliers with Contact Information Analysis of Legal Marijuana
11.2 Downstream Major Consumers Analysis of Legal Marijuana
11.3 Major Suppliers of Legal Marijuana with Contact Information
11.4 Supply Chain Relationship Analysis of Legal Marijuana
12 Legal Marijuana New Project Investment Feasibility Analysis
12.1 Legal Marijuana New Project SWOT Analysis
12.2 Legal Marijuana New Project Investment Feasibility Analysis
12.2.1 Project Name
12.2.2 Investment Budget
12.2.3 Project Product Solutions
12.2.4 Project Schedule
13 Legal Marijuana Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.2 References and Data Sources
14.2.1 Primary Sources
14.2.2 Secondary Paid Sources
14.2.3 Secondary Public Sources
14.3 Abbreviations and Units of Measurement
14.4 Author Details
14.5 Disclaimer
Table Types of Legal Marijuana
Table End Users of Legal Marijuana
Figure Market Drivers Analysis of Legal Marijuana
Figure Market Challenges Analysis of Legal Marijuana
Figure Market Opportunities Analysis of Legal Marijuana
Table Market Drivers Analysis of Legal Marijuana
Table Medicine Man Information List
Figure Legal Marijuana Picture and Specifications of Medicine Man
Table Legal Marijuana Sales Volume, Price, Cost, Gross, Revenue (Million USD) and Gross Margin of Medicine Man (2018-2023)
Figure Legal Marijuana Sales Volume and Global Market Share of Medicine Man (2018-2023)
Table Canopy Growth Information List
Figure Legal Marijuana Picture and Specifications of Canopy Growth
Table Legal Marijuana Sales Volume, Price, Cost, Gross, Revenue (Million USD) and Gross Margin of Canopy Growth (2018-2023)
Figure Legal Marijuana Sales Volume and Global Market Share of Canopy Growth (2018-2023)
Table Aphria Information List
Figure Legal Marijuana Picture and Specifications of Aphria
Table Legal Marijuana Sales Volume, Price, Cost, Gross, Revenue (Million USD) and Gross Margin of Aphria (2018-2023)
Figure Legal Marijuana Sales Volume and Global Market Share of Aphria (2018-2023)
Table Aurora Cannabis Inc. Information List
Figure Legal Marijuana Picture and Specifications of Aurora Cannabis Inc.
Table Legal Marijuana Sales Volume, Price, Cost, Gross, Revenue (Million USD) and Gross Margin of Aurora Cannabis Inc. (2018-2023)
Figure Legal Marijuana Sales Volume and Global Market Share of Aurora Cannabis Inc. (2018-2023)
Table mCig Inc Information List
Figure Legal Marijuana Picture and Specifications of mCig Inc
Table Legal Marijuana Sales Volume, Price, Cost, Gross, Revenue (Million USD) and Gross Margin of mCig Inc (2018-2023)
Figure Legal Marijuana Sales Volume and Global Market Share of mCig Inc (2018-2023)
Table Global Sales Volume of Legal Marijuana by Regions (2018-2023)
Table Global Revenue (Million USD) of Legal Marijuana by Regions (2018-2023)
Table Global Sales Volume of Legal Marijuana by Manufacturers (2018-2023)
Table Global Revenue (Million USD) of Legal Marijuana by Manufacturers (2018-2023)
Table Global Sales Volume of Legal Marijuana by Types (2018-2023)
Table Global Revenue (Million USD) of Legal Marijuana by Types (2018-2023)
Table Global Sales Volume of Legal Marijuana by End Users (2018-2023)
Table Global Revenue (Million USD) of Legal Marijuana by End Users (2018-2023)
Table Selling Price Comparison of Global Legal Marijuana by Regions in (2018-2023)
Table Selling Price Comparison of Global Legal Marijuana by Manufacturers in (2018-2023)
Table Selling Price Comparison of Global Legal Marijuana by Types in (2018-2023)
Table Selling Price Comparison of Global Legal Marijuana by End Users in (2018-2023)
Table Northern America Legal Marijuana Sales Volume by Countries (2018-2023)
Table Northern America Legal Marijuana Revenue (Million USD) by Countries (2018-2023)
Table Northern America Legal Marijuana Sales Volume by Types (2018-2023)
Table Northern America Legal Marijuana Revenue (Million USD) by Types (2018-2023)
Table Northern America Legal Marijuana Sales Volume by End Users (2018-2023)
Table Northern America Legal Marijuana Revenue (Million USD) by End Users (2018-2023)
Table United States Legal Marijuana Import and Export (2018-2023)
Figure United States Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure United States Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Canada Legal Marijuana Import and Export (2018-2023)
Figure Canada Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Canada Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Europe Legal Marijuana Sales Volume by Countries (2018-2023)
Table Europe Legal Marijuana Revenue (Million USD) by Countries (2018-2023)
Table Europe Legal Marijuana Sales Volume by Types (2018-2023)
Table Europe Legal Marijuana Revenue (Million USD) by Types (2018-2023)
Table Europe Legal Marijuana Sales Volume by End Users (2018-2023)
Table Europe Legal Marijuana Revenue (Million USD) by End Users (2018-2023)
Table Germany Legal Marijuana Import and Export (2018-2023)
Figure Germany Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Germany Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table France Legal Marijuana Import and Export (2018-2023)
Figure France Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure France Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table UK Legal Marijuana Import and Export (2018-2023)
Figure UK Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure UK Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Italy Legal Marijuana Import and Export (2018-2023)
Figure Italy Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Italy Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Russia Legal Marijuana Import and Export (2018-2023)
Figure Russia Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Russia Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Spain Legal Marijuana Import and Export (2018-2023)
Figure Spain Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Spain Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Netherlands Legal Marijuana Import and Export (2018-2023)
Figure Netherlands Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Netherlands Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Asia Pacific Legal Marijuana Sales Volume by Countries (2018-2023)
Table Asia Pacific Legal Marijuana Revenue (Million USD) by Countries (2018-2023)
Table Asia Pacific Legal Marijuana Sales Volume by Types (2018-2023)
Table Asia Pacific Legal Marijuana Revenue (Million USD) by Types (2018-2023)
Table Asia Pacific Legal Marijuana Sales Volume by End Users (2018-2023)
Table Asia Pacific Legal Marijuana Revenue (Million USD) by End Users (2018-2023)
Table China Legal Marijuana Import and Export (2018-2023)
Figure China Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure China Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Japan Legal Marijuana Import and Export (2018-2023)
Figure Japan Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Japan Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Korea Legal Marijuana Import and Export (2018-2023)
Figure Korea Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Korea Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table India Legal Marijuana Import and Export (2018-2023)
Figure India Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure India Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Australia Legal Marijuana Import and Export (2018-2023)
Figure Australia Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Australia Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Indonesia Legal Marijuana Import and Export (2018-2023)
Figure Indonesia Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Indonesia Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Vietnam Legal Marijuana Import and Export (2018-2023)
Figure Vietnam Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Vietnam Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Latin America Legal Marijuana Sales Volume by Countries (2018-2023)
Table Latin America Legal Marijuana Revenue (Million USD) by Countries (2018-2023)
Table Latin America Legal Marijuana Sales Volume by Types (2018-2023)
Table Latin America Legal Marijuana Revenue (Million USD) by Types (2018-2023)
Table Latin America Legal Marijuana Sales Volume by End Users (2018-2023)
Table Latin America Legal Marijuana Revenue (Million USD) by End Users (2018-2023)
Table Brazil Legal Marijuana Import and Export (2018-2023)
Figure Brazil Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Brazil Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Mexico Legal Marijuana Import and Export (2018-2023)
Figure Mexico Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Mexico Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Argentina Legal Marijuana Import and Export (2018-2023)
Figure Argentina Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Argentina Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Colombia Legal Marijuana Import and Export (2018-2023)
Figure Colombia Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Colombia Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Middle East & Africa Legal Marijuana Sales Volume by Countries (2018-2023)
Table Middle East & Africa Legal Marijuana Revenue (Million USD) by Countries (2018-2023)
Table Middle East & Africa Legal Marijuana Sales Volume by Types (2018-2023)
Table Middle East & Africa Legal Marijuana Revenue (Million USD) by Types (2018-2023)
Table Middle East & Africa Legal Marijuana Sales Volume by End Users (2018-2023)
Table Middle East & Africa Legal Marijuana Revenue (Million USD) by End Users (2018-2023)
Table Turkey Legal Marijuana Import and Export (2018-2023)
Figure Turkey Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Turkey Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Saudi Arabia Legal Marijuana Import and Export (2018-2023)
Figure Saudi Arabia Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Saudi Arabia Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table South Africa Legal Marijuana Import and Export (2018-2023)
Figure South Africa Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure South Africa Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Egypt Legal Marijuana Import and Export (2018-2023)
Figure Egypt Legal Marijuana Sales Volume and Growth Rate (2018-2023)
Figure Egypt Legal Marijuana Revenue (Million USD) and Growth Rate (2018-2023)
Table Global Sales Volume Forecast of Legal Marijuana by Regions (2024-2029)
Table Global Revenue (Million USD) Forecast of Legal Marijuana by Regions (2024-2029)
Table Global Sales Volume Forecast of Legal Marijuana by Types (2024-2029)
Table Global Revenue (Million USD) Forecast of Legal Marijuana by Types (2024-2029)
Table Global Sales Volume Forecast of Legal Marijuana by End Users (2024-2029)
Table Global Revenue (Million USD) Forecast of Legal Marijuana by End Users (2024-2029)
Table Major Raw Materials Suppliers with Contact Information of Legal Marijuana
Table Major Equipment Suppliers with Contact Information of Legal Marijuana
Table Major Consumers with Contact Information of Legal Marijuana
Table Major Suppliers of Legal Marijuana with Contact Information
Figure Supply Chain Relationship Analysis of Legal Marijuana
Table New Project SWOT Analysis of Legal Marijuana
Table Project Appraisal and Financing
Table New Project Construction Period
Table New Project Investment Feasibility Analysis of Legal Marijuana
Table Research Programs/Design for This Report
Table Key Data Information from Primary Sources
Table Key Data Information from Secondary Sources
Table Part of Interviewees Record List of Legal Marijuana Industry
Table Part of References List of Legal Marijuana Industry
Table Units of Measurement List
Table Part of Author Details List of Legal Marijuana Industry
HJ Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. At HJ Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the Legal Marijuana industry. Critical elements of methodology employed for all our studies include:
Secondary Sources:
The research team first works with national bureau of statistics, national customs, market research association, state information center, and administration that operate in the research field. The information provided by our in-house documentation service helps us carrying out further research. Secondary sources are mainly from press releases, company reports and publications, non-profit organizations, industry associations, government publications, economic and demographic data and customs data. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our team which has the experience as well as the knowledge efficiently extracts the accurate information from existing source.
Primary Research:
In the primary research process, for comprehensive understanding of the Legal Marijuana market, it is essential to understand the complete value chain and in order to facilitate this, we collect data from Legal Marijuana manufacturers, Legal Marijuana raw material suppliers, Legal Marijuana distributors as well as buyers. The primary sources from the supply side include Legal Marijuana manufacturers, opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the Legal Marijuana raw materials suppliers and producers, etc. The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users, and related key executives from various key companies and organizations operating in the global market.
Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered.
Statistical Model and Data Analysis:
Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise. Qualitative analysis includes: Legal Marijuana industry landscape and trends, Legal Marijuana market dynamics and key issues, Legal Marijuana technology landscape, market opportunities, porter’s analysis and PESTEL analysis, Legal Marijuana competitive landscape and component benchmarking, policy and regulatory scenario. Quantitative analysis includes: Legal Marijuana market size and forecast by regions, Legal Marijuana market size and forecast by application, Legal Marijuana market size and forecast by types, Legal Marijuana company market share etc.
Quality Control:
Before publishing, every report goes under a rigorous checking and editing process, which is done by experience management team to ensure the reliability of the published data. Each analyst in the research team receives support and on-going training which is part of the HJ Research’s internal quality process.
