{"product_id":"legal-marijuana-market-share-size-trends-industry-analysis-report-by-product-buds-oils-concentrates-tinctures-by-application-by-compound-by-mode-of-delivery-by-region-segment-forecast-2023-2032","title":"Legal Marijuana Market Share, Size, Trends, Industry Analysis Report, By Product (Buds, Oils \u0026 Concentrates, Tinctures; By Application; By Compound; By Mode of Delivery; By Region; Segment Forecast, 2023 - 2032","description":"\u003cp\u003eLegal Marijuana Market Share, Size, Trends, Industry Analysis Report, By Product (Buds, Oils \u0026amp; Concentrates, Tinctures; By Application; By Compound; By Mode of Delivery; By Region; Segment Forecast, 2023 - 2032\u003c\/p\u003e\n\n\u003cp\u003eThe global legal marijuana market size is expected to reach USD 61,927.86 million by 2032, according to a new study by Polaris Market Research. The report “Legal Marijuana Market Share, Size, Trends, Industry Analysis Report, By Product (Buds, Oils \u0026amp; Concentrates, Tinctures; By Application; By Compound; By Mode of Delivery; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.\u003c\/p\u003e\n\n\u003cp\u003eMarijuana, also known as cannabis, refers to the dried flowers, leaves, seeds, and stems of the cannabis indica or cannabis sativa plant. It is widely used as a recreational drug and has been recognized for its potential medicinal properties in treating various diseases. The cultivation, possession, and distribution of marijuana are regulated and legalized in many regions for recreational and medical purposes.\u003c\/p\u003e\n\n\u003cp\u003eThe marijuana industry is being driven by the progressive legalization of cannabis in North America and Europe and the increasing awareness of its medicinal benefits as more people become informed about the therapeutic properties of marijuana, the stigma surrounding it diminishes, due to greater acceptance and a broader market.\u003c\/p\u003e\n\n\u003cp\u003eMoreover, the legalization of recreational cannabis in significant U.S. states like California, Colorado, Washington, and others, coupled with its accessibility and expanding medicinal applications, is expected to impact the industry's growth in the foreseeable future positively. This trend reflects the evolving societal attitudes toward marijuana and the increasing recognition of its potential benefits.\u003c\/p\u003e\n\n\u003cp\u003eThe market for marijuana oil is experiencing significant growth driven by increasing demand. Many governments have legalized marijuana for its medicinal effects, due to extensive research on marijuana oil and tinctures for various indications. This segment is expected to be the fastest-growing due to recent legalizations of medical cannabis and its derivatives. Cannabis oil alleviates vomiting and nausea associated with cancer, contributing to the market's expansion.\u003c\/p\u003e\n\n\u003cp\u003eCannabis derivatives have also been extensively studied for their analgesic properties in chronic disorders. They have shown promising results with fewer side effects compared to traditional medications. These derivatives have proven effective in reducing arthritic pain with minimal side effects. As awareness of medical cannabis and its products continues to rise, the market is expected to grow steadily in the forecast period, driven by the demand for alternative and more effective pain management options.\u003c\/p\u003e\n\n\u003cp\u003eFurthermore, the market is being boosted by substantial healthcare spending from various organizations. For example, Verano Holdings, a cannabis multistate operator, secured an additional USD 100 million through its credit agreement for strategic initiatives and expansion. This investment includes acquiring a vertical medical marijuana enterprise established in New York, which holds one of the limited licenses in the state. This significant investment highlights the growth potential of the market.\u003c\/p\u003e\n\n\u003cp\u003eLegal Marijuana Market Report Highlights\u003c\/p\u003e\n\n\u003cp\u003eThe buds segment accounted for the largest market share over the forecast period. It is due to high consumer demand for buds, their various strains and effects, established market presence, regulatory factors, ease of cultivation, and lower processing costs than other cannabis products.\u003c\/p\u003e\n\n\u003cp\u003eIn 2022, the Tetrahydrocannabinol (THC)-dominant segment held the highest Legal Marijuana Market. THC is the prime psychoactive drug in cannabis, accountable for the euphoric effects commonly related to marijuana use.\u003c\/p\u003e\n\n\u003cp\u003eIn 2022, North America dominate the global Legal Marijuana Market. The progressive government regulations and the relaxation of marijuana laws, particularly in the United States, have expanded the regional industry. The legalization of marijuana for both medicinal and adult recreational use in various states has created a thriving market.\u003c\/p\u003e\n\n\u003cp\u003eThe global key market players include Cannabis Sativa, Inc., Aphria, Inc., Maricann Group, Inc., Tikun Olam, Lexaria Corp, Organigram Holding, Inc., GW Pharmaceuticals, plc., Canopy Growth Corporation, United Cannabis Corporation, The Cronos Group, Tilray, Ltd., Aurora Cannabis, and ABcann Medicinals, Inc.\u003c\/p\u003e\n\n\u003cp\u003ePolaris Market Research has segmented the legal marijuana market report based on type, products, application, compound, mode of delivery, and region:\u003c\/p\u003e\n\n\u003cp\u003eLegal Marijuana, Product Outlook (Revenue - USD Million, 2019 - 2032)\u003c\/p\u003e\n\n\u003cp\u003eBuds\u003c\/p\u003e\n\n\u003cp\u003eOils \u0026amp; Concentrates\u003c\/p\u003e\n\n\u003cp\u003eTinctures\u003c\/p\u003e\n\n\u003cp\u003eLegal Marijuana, Application Outlook (Revenue - USD Million, 2019 - 2032)\u003c\/p\u003e\n\n\u003cp\u003eMedical\u003c\/p\u003e\n\n\u003cp\u003eChronic Pain\u003c\/p\u003e\n\n\u003cp\u003eArthritis\u003c\/p\u003e\n\n\u003cp\u003eMigraine\u003c\/p\u003e\n\n\u003cp\u003eCancer\u003c\/p\u003e\n\n\u003cp\u003eOthers\u003c\/p\u003e\n\n\u003cp\u003eIndustrial Hemp\u003c\/p\u003e\n\n\u003cp\u003eRecreational\u003c\/p\u003e\n\n\u003cp\u003eLegal Marijuana, Compound (Revenue - USD Million, 2019 - 2032)\u003c\/p\u003e\n\n\u003cp\u003eTetrahydrocannabinol (THC)-Dominant\u003c\/p\u003e\n\n\u003cp\u003eCannabidiol (CBD)-Dominant\u003c\/p\u003e\n\n\u003cp\u003eBalanced THC \u0026amp; CBD\u003c\/p\u003e\n\n\u003cp\u003eLegal Marijuana, Mode of Delivery (Revenue - USD Million, 2019 - 2032)\u003c\/p\u003e\n\n\u003cp\u003eCapsules\u003c\/p\u003e\n\n\u003cp\u003eConcentrates\u003c\/p\u003e\n\n\u003cp\u003eEdibles\u003c\/p\u003e\n\n\u003cp\u003eOthers\u003c\/p\u003e\n\n\u003cp\u003eLegal Marijuana, Regional Outlook (Revenue - USD Million, 2019 - 2032)\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003c\/p\u003e\n\n\u003cp\u003eU.S.\u003c\/p\u003e\n\n\u003cp\u003eCanada\u003c\/p\u003e\n\n\u003cp\u003eEurope\u003c\/p\u003e\n\n\u003cp\u003eFrance\u003c\/p\u003e\n\n\u003cp\u003eGermany\u003c\/p\u003e\n\n\u003cp\u003eUK\u003c\/p\u003e\n\n\u003cp\u003eItaly\u003c\/p\u003e\n\n\u003cp\u003eNetherlands\u003c\/p\u003e\n\n\u003cp\u003eSpain\u003c\/p\u003e\n\n\u003cp\u003eRussia\u003c\/p\u003e\n\n\u003cp\u003eAsia Pacific\u003c\/p\u003e\n\n\u003cp\u003eJapan\u003c\/p\u003e\n\n\u003cp\u003eChina\u003c\/p\u003e\n\n\u003cp\u003eIndia\u003c\/p\u003e\n\n\u003cp\u003eMalaysia\u003c\/p\u003e\n\n\u003cp\u003eIndonesia\u003c\/p\u003e\n\n\u003cp\u003eSouth Korea\u003c\/p\u003e\n\n\u003cp\u003eLatin America\u003c\/p\u003e\n\n\u003cp\u003eBrazil\u003c\/p\u003e\n\n\u003cp\u003eMexico\u003c\/p\u003e\n\n\u003cp\u003eArgentina\u003c\/p\u003e\n\n\u003cp\u003eMiddle East \u0026amp; Africa\u003c\/p\u003e\n\n\u003cp\u003eSaudi Arabia\u003c\/p\u003e\n\n\u003cp\u003eUAE\u003c\/p\u003e\n\n\u003cp\u003eIsrael\u003c\/p\u003e\n\n\u003cp\u003eSouth Africa\u003c\/p\u003e","brand":"Life Science","offers":[{"title":"August, 2023 \/ 118 Pages \/ MCW16242369","offer_id":47662067679538,"sku":null,"price":5100.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/legal-marijuana-market-share-size-trends-industry-analysis-report-by-product-buds-oils-concentrates-tinctures-by-application-by-compound-by-mode-of-delivery-by-region-segment-forecast-2023-2032","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}