The Legal Marijuana Market size was valued at USD 16.90 billion in 2022 and is supposed to grow at a CAGR of 25.2% from 2023 to 2030. the legal marijuana market is estimated to reach 102.04 billion by 2030.

Get Free PDF Sample Report: https://www.snsinsider.com/sample-request/1046

The legal marijuana market has experienced a significant transformation in recent years. As more countries and states around the world embrace the idea of legalization, the industry has witnessed exponential growth and has become a major player in the global economy.

One of the most notable impacts of the legal marijuana market is its potential to generate substantial tax revenue for governments. By regulating and taxing marijuana sales, governments can tap into a previously untapped source of income. These funds can then be allocated towards various public services such as education, healthcare, infrastructure development, and social programs.

Moreover, the legalization of marijuana has created numerous job opportunities across various sectors. From cultivation and processing to distribution and retail, the industry has created a demand for skilled workers at every stage of the supply chain. This not only boosts employment rates but also stimulates economic growth by attracting investments and fostering entrepreneurship.

KEY MARKET SEGMENTS

By Type

  • Medical
  • Recreational

By Product

  • Buds
  • Oils
  • Tinctures

By Application

  • Chronic Pain    
  • Neurological Disorders 
  • Cancer
  • Others

Major Players Listed in the Report are as Follows:

Canopy Growth Corporation, GBSciences Inc, CanniMed Ltd, Cannabis Sativa Inc, GW Pharmaceuticals Plc, Aphria, Pfizer Inc., Emerald Health Therapeutics Inc, Medical Marijuana Inc, MediPharm Labs, and others.

About US:

SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.

We assist our clients to anticipate industrial, economic, and consumer trends to drive disruptive change by fusing global experience with local information from experts throughout the world. We bring context to strategic and tactical data by bridging approaches based on data science and field research, assisting you in addressing your most pressing problems and spotting possibilities.

Contact Us:

Akash Anand – Head of Business Development & Strategy,

info@snsinsider.com,

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)