What is driving the growth of the legal cannabis market?

Growth is driven by increasing legalization, rising consumer acceptance, and recognition of cannabis' therapeutic benefits.

How big is the legal cannabis Market?

The global legal cannabis Market size was estimated at USD 26.1 Billion in 2023 and is expected to reach USD 247.4 Billion in 2033.

What is the legal cannabis Market growth?

The global legal cannabis Market is expected to grow at a compound annual growth rate of 25.2%. From 2024 To 2033

Who are the key companies/players in the legal cannabis Market?

Some of the key players in the legal cannabis Markets are Cannoid LLC, Canopy Growth Corp., CBD American Shaman LLC, Cronos Group Inc., CV Sciences Inc., Elixinol Wellness Ltd., Folium Biosciences, MediPharm Labs Inc., PharmaHemp d.o.o., Mentor Capital Inc.

What technological advancements are impacting the market?

Innovations in cultivation, extraction, and distribution are enhancing product quality and safety, attracting new consumers.

What are the economic benefits of cannabis legalization?

Cannabis legalization offers substantial economic benefits, including increased tax revenue and job creation.

What challenges does the legal cannabis market face?

The market faces challenges such as regulatory complexities and market saturation in mature regions.

How is cannabis integrated into lifestyle products?

Cannabis is increasingly used in lifestyle products like edibles, beverages, and health supplements, driven by its recognized therapeutic benefits.

Legal Cannabis Market Size, Share, Growth

Global Legal Cannabis Market By Source(Marijuana, Hemp) By Derivative(CBD-dominant, THC-dominant, Balanced) By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date:
June 2024
Report ID:
38254
Number of Pages:
358
Format:

Quick Contact

Global Legal Cannabis Market By Source(Marijuana, Hemp) By Derivative(CBD-dominant, THC-dominant, Balanced) By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Our Clients