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Global Legal Cannabis Market | Production Processes, Major Issues And Solutions to Mitigate the Development Risk.

Legal Cannabis

Legal Cannabis market research presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the Legal Cannabis market with a particular focus on identifying the key industry influencers. Thus, the data presented is comprehensive, reliable, and the result of extensive research. Industry experts project Legal Cannabis market to grow at a  CAGR of 23.97% during the period 2018-2023.

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About Legal Cannabis

Cannabis is a flowering plant. Species of cannabis are Cannabis sativa, Cannabis indica, and Cannabis ruderalis. Cannabis plants have many varieties, out of which two most prominent ones are marijuana and hemp. Predominantly, cannabis contains two cannabinoids tetrahydrocannabinol (THC) and cannabidiol (CBD). THC is highly psychoactive and causes intoxication. Thus, the use of cannabis is not legalized in many countries. There are only few countries where cannabis products are legalized for either medicinal or for recreational purposes, and out of them, Uruguay in fact has legalized it for both recreational as well as medicinal purposes.

Industry analysts forecast the global legal cannabis Market to grow at a CAGR of 23.97% during the period 2017-2023.

Legal Cannabis Market Trend, Challenge and Driver: –

Market driver

  • Growing social acceptance of cannabis
  • For a full, detailed list, view our report

Market challenge

  • Compromising public health
  • For a full, detailed list, view our report

Market trend

  • Rising number of countries decriminalizing and legalizing cannabis
  • For a full, detailed list, view our report

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Legal Cannabis market potential is analysed for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, demand and present scenarios in Legal Cannabis industry. Further the Legal Cannabis market report focuses on global major leading industry players with information. Key vendors operating in Legal Cannabis market space are Aurora Cannabis, Bhang Corporation, Canopy Growth Corporation, Medical Marijuana, and Mentor Capital, Cannoid, CBD American Shaman, CV Sciences, Elixinol, FOLIUM BIOSCIENCES, IRIE CBD, Meadow Care, mCig, NuLeaf Naturals, Pharmahemp, Terra Tech, and United Cannabis.

Geographic Segmentation of Legal Cannabis Market: –

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The objective of this Legal Cannabis market research report is: –

  • To provide actionable intelligence alongside the Legal Cannabis market size of various segments.
  • To detail major factors influencing the Legal Cannabis market (drivers, opportunities, industry specific challenges, and other critical issues).
  • To determine the geographic breakdown of the Legal Cannabis market in terms of detailed analysis and impact.
  • To analyze business dimensions with an eye on individual growth trends and contribution of upcoming Legal Cannabis market segments.
  • To track the competitive landscape of the market.