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Legal Cannabis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global legal cannabis market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Legal cannabis is a drug obtained from cannabis Sativa, Indica, and Ruderalis plants that have psychoactive properties. It helps relieve chronic pain, alleviate anxiety, regulate and prevent diabetes, and treat depression and inflammatory bowel diseases among individuals. Besides this, it is used in the treatment of different symptoms and diseases, such as cancer, arthritis, migraines, glaucoma, epilepsy, Alzheimer’s, Tourette’s, Parkinson, multiple sclerosis, amyotrophic lateral sclerosis (ALS), acquired immunodeficiency syndrome (AIDS) and post-traumatic stress disorder (PTSD).

 

 
 

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Legal Cannabis Market Trends:

The increasing number of countries legalizing and decriminalizing cannabis represents one of the key factors driving the market. Moreover, international agencies are recognizing potential opportunities that cannabis or cannabis-derived compounds may offer. They are also approving the use of a medication containing cannabidiol (CBD) to treat rare epilepsy like Lennox-Gastaut syndrome and Dravet syndrome that are difficult to control with other types of medication. In addition, oral cannabinoids are effective antiemetics for adults with chemotherapy-induced nausea and vomiting. They also assist in improving spasticity symptoms among individuals with multiple sclerosis (MS)-related spasticity. This, coupled with the thriving pharmaceutical industry worldwide, is fueling the growth of the market. Apart from this, key players are focusing on product innovations, strategic developments, and collaborations with domestic players to increase their presence. Besides this, there is a rise in the number of medical cannabis dispensaries in several countries that supply cannabis for therapeutic use on recommendation from a licensed healthcare practitioner. Furthermore, the increasing number of research and clinical trials around the world, along with the rising awareness among individuals about the medical benefits of legal cannabis, is influencing the overall sales and profitability positively.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global legal cannabis market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, derivatives, distribution channel and end user.

Breakup by Source:

 

 
 

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  • Marijuana
  • Hemp
     

Breakup by Derivatives:

  • Cannabidiol (CBD)
  • Tetrahydrocannabinol (THC)
     

Breakup by Distribution Channel:

  • Recreational Stores
  • Pharmacies
  • Online Stores
  • Others
     

Breakup by End User:

  • Medical Use
  • Recreational Use
  • Industrial Use
     

Breakup by Region:

 

 
 

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  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aurora Cannabis Inc., Cannabis Sativa Inc., Canopy Growth Corporation, Green Thumb Industries, GW Pharmaceuticals plc (Jazz Pharmaceuticals plc), HEXO Corp., Organigram Holdings Inc., Sundial Growers Inc., The Cronos Group, The Green Organic Dutchman Holdings Ltd., The Scotts Miracle-Gro Company, Tilray and VIVO Cannabis Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Source, Derivatives, Distribution Channel, End User, Region
Region Covered North America, Asia-Pacific, Europe, Latin America, Middle East and Africa
Companies Covered Aurora Cannabis Inc., Cannabis Sativa Inc., Canopy Growth Corporation, Green Thumb Industries, GW Pharmaceuticals plc (Jazz Pharmaceuticals plc), HEXO Corp., Organigram Holdings Inc., Sundial Growers Inc., The Cronos Group, The Green Organic Dutchman Holdings Ltd., The Scotts Miracle-Gro Company, Tilray and VIVO Cannabis Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global legal cannabis market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global legal cannabis market?
  • What are the key regional markets?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the derivatives?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global legal cannabis market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Legal Cannabis Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Source
    6.1    Marijuana
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hemp
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Derivatives
    7.1    Cannabidiol (CBD)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Tetrahydrocannabinol (THC)
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Recreational Stores
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Pharmacies
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Online Stores
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End User
    9.1    Medical Use
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Recreational Use
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Industrial Use
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Europe
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Latin America
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Aurora Cannabis Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
        15.3.2    Cannabis Sativa Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
        15.3.3    Canopy Growth Corporation
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
        15.3.4    Green Thumb Industries
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    GW Pharmaceuticals plc (Jazz Pharmaceuticals plc)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 SWOT Analysis
        15.3.6    HEXO Corp.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Organigram Holdings Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    Sundial Growers Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
        15.3.9    The Cronos Group
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
        15.3.10    The Green Organic Dutchman Holdings Ltd.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
        15.3.11    The Scotts Miracle-Gro Company
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Tilray
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
        15.3.13    VIVO Cannabis Inc.
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio

List of Figures

Figure 1: Global: Legal Cannabis Market: Major Drivers and Challenges
Figure 2: Global: Legal Cannabis Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Legal Cannabis Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Legal Cannabis Market: Breakup by Source (in %), 2021
Figure 5: Global: Legal Cannabis Market: Breakup by Derivatives (in %), 2021
Figure 6: Global: Legal Cannabis Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Legal Cannabis Market: Breakup by End User (in %), 2021
Figure 8: Global: Legal Cannabis Market: Breakup by Region (in %), 2021
Figure 9: Global: Legal Cannabis (Marijuana) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Legal Cannabis (Marijuana) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Legal Cannabis (Hemp) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Legal Cannabis (Hemp) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Legal Cannabis (Cannabidiol (CBD)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Legal Cannabis (Cannabidiol (CBD)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Legal Cannabis (Tetrahydrocannabinol (THC)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Legal Cannabis (Tetrahydrocannabinol (THC)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Legal Cannabis (Recreational Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Legal Cannabis (Recreational Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Legal Cannabis (Pharmacies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Legal Cannabis (Pharmacies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Legal Cannabis (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Legal Cannabis (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Legal Cannabis (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Legal Cannabis (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Legal Cannabis (Medical Use) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Legal Cannabis (Medical Use) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Legal Cannabis (Recreational Use) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Legal Cannabis (Recreational Use) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Legal Cannabis (Industrial Use) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Legal Cannabis (Industrial Use) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Legal Cannabis Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Legal Cannabis Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia-Pacific: Legal Cannabis Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia-Pacific: Legal Cannabis Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Europe: Legal Cannabis Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Europe: Legal Cannabis Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Latin America: Legal Cannabis Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Latin America: Legal Cannabis Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Middle East and Africa: Legal Cannabis Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Middle East and Africa: Legal Cannabis Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Legal Cannabis Industry: SWOT Analysis
Figure 42: Global: Legal Cannabis Industry: Value Chain Analysis
Figure 43: Global: Legal Cannabis Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Legal Cannabis Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Legal Cannabis Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 3: Global: Legal Cannabis Market Forecast: Breakup by Derivatives (in Million US$), 2022-2027
Table 4: Global: Legal Cannabis Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Legal Cannabis Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Legal Cannabis Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Legal Cannabis Market: Competitive Structure
Table 8: Global: Legal Cannabis Market: Key Players


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