Global Legal Cannabis Market 2023-2027

Description

List of Tables

The legal cannabis market is forecasted to grow by USD 54,572.33 mn during 2022-2027, accelerating at a CAGR of 21.6% during the forecast period. The report on the legal cannabis market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising number of countries decriminalizing and legalizing cannabis, growing millennial purchasing power in the key cannabis industry, and the health benefits of medical cannabis.

Technavio's legal cannabis market is segmented as below:

By Product

Medical cannabis
Recreational cannabis

By Derivative Type

CBD
THC and balanced THC
CBD

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the use of advanced techniques in cannabis cultivation as one of the prime reasons driving the legal cannabis market growth during the next few years. Also, diversification in cannabis-infused edible products and growing social acceptance of cannabis will lead to sizable demand in the market.

The report on the legal cannabis market covers the following areas:

Legal cannabis market sizing
Legal cannabis market forecast
Legal cannabis market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading legal cannabis market vendors that include Aurora Cannabis Inc., Bhang Corp., Cannabinoid Creations, Cannoid LLC, Canopy Growth Corp., CBD American Shaman LLC, Cronos Group Inc., CV Sciences Inc., Elixinol Wellness Ltd., Folium Biosciences, Jazz Pharmaceuticals Plc, Medical Marijuana Inc., MediPharm Labs Inc., Mentor Capital Inc., PharmaHemp d.o.o., Tikun Olam, Tilray Brands Inc., and Unrivaled Brands Inc.. Also, the legal cannabis market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR44616

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Derivative Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global legal cannabis market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global legal cannabis market 2017 - 2021 ($ million)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.3 Derivative Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Derivative Type Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Medical cannabis - Market size and forecast 2022-2027
Exhibit 34: Chart on Medical cannabis - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Medical cannabis - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Medical cannabis - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Medical cannabis - Year-over-year growth 2022-2027 (%)
6.4 Recreational cannabis - Market size and forecast 2022-2027
Exhibit 38: Chart on Recreational cannabis - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Recreational cannabis - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Recreational cannabis - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Recreational cannabis - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product ($ million)
Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Derivative Type

7.1 Market segments
Exhibit 44: Chart on Derivative Type - Market share 2022-2027 (%)
Exhibit 45: Data Table on Derivative Type - Market share 2022-2027 (%)
7.2 Comparison by Derivative Type
Exhibit 46: Chart on Comparison by Derivative Type
Exhibit 47: Data Table on Comparison by Derivative Type
7.3 CBD - Market size and forecast 2022-2027
Exhibit 48: Chart on CBD - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on CBD - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on CBD - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on CBD - Year-over-year growth 2022-2027 (%)
7.4 THC - Market size and forecast 2022-2027
Exhibit 52: Chart on THC - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on THC - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on THC - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on THC - Year-over-year growth 2022-2027 (%)
7.5 Balanced THC and CBD - Market size and forecast 2022-2027
Exhibit 56: Chart on Balanced THC and CBD - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Balanced THC and CBD - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Balanced THC and CBD - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Balanced THC and CBD - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Derivative Type
Exhibit 60: Market opportunity by Derivative Type ($ million)
Exhibit 61: Data Table on Market opportunity by Derivative Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Canada - Market size and forecast 2022-2027
Exhibit 91: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 UK - Market size and forecast 2022-2027
Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.12 Australia - Market size and forecast 2022-2027
Exhibit 103: Chart on Australia - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Australia - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Australia - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ million)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Aurora Cannabis Inc.
Exhibit 115: Aurora Cannabis Inc. - Overview
Exhibit 116: Aurora Cannabis Inc. - Business segments
Exhibit 117: Aurora Cannabis Inc. - Key offerings
Exhibit 118: Aurora Cannabis Inc. - Segment focus
12.4 Bhang Corp.
Exhibit 119: Bhang Corp. - Overview
Exhibit 120: Bhang Corp. - Product / Service
Exhibit 121: Bhang Corp. - Key offerings
12.5 Cannoid LLC
Exhibit 122: Cannoid LLC - Overview
Exhibit 123: Cannoid LLC - Product / Service
Exhibit 124: Cannoid LLC - Key offerings
12.6 Canopy Growth Corp.
Exhibit 125: Canopy Growth Corp. - Overview
Exhibit 126: Canopy Growth Corp. - Business segments
Exhibit 127: Canopy Growth Corp. - Key news
Exhibit 128: Canopy Growth Corp. - Key offerings
Exhibit 129: Canopy Growth Corp. - Segment focus
12.7 CBD American Shaman LLC
Exhibit 130: CBD American Shaman LLC - Overview
Exhibit 131: CBD American Shaman LLC - Product / Service
Exhibit 132: CBD American Shaman LLC - Key offerings
12.8 Cronos Group Inc.
Exhibit 133: Cronos Group Inc. - Overview
Exhibit 134: Cronos Group Inc. - Business segments
Exhibit 135: Cronos Group Inc. - Key news
Exhibit 136: Cronos Group Inc. - Key offerings
Exhibit 137: Cronos Group Inc. - Segment focus
12.9 CV Sciences Inc.
Exhibit 138: CV Sciences Inc. - Overview
Exhibit 139: CV Sciences Inc. - Business segments
Exhibit 140: CV Sciences Inc. - Key offerings
Exhibit 141: CV Sciences Inc. - Segment focus
12.10 Elixinol Wellness Ltd.
Exhibit 142: Elixinol Wellness Ltd. - Overview
Exhibit 143: Elixinol Wellness Ltd. - Business segments
Exhibit 144: Elixinol Wellness Ltd. - Key offerings
Exhibit 145: Elixinol Wellness Ltd. - Segment focus
12.11 Folium Biosciences
Exhibit 146: Folium Biosciences - Overview
Exhibit 147: Folium Biosciences - Product / Service
Exhibit 148: Folium Biosciences - Key offerings
12.12 Jazz Pharmaceuticals Plc
Exhibit 149: Jazz Pharmaceuticals Plc - Overview
Exhibit 150: Jazz Pharmaceuticals Plc - Product / Service
Exhibit 151: Jazz Pharmaceuticals Plc - Key news
Exhibit 152: Jazz Pharmaceuticals Plc - Key offerings
12.13 Medical Marijuana Inc.
Exhibit 153: Medical Marijuana Inc. - Overview
Exhibit 154: Medical Marijuana Inc. - Product / Service
Exhibit 155: Medical Marijuana Inc. - Key offerings
12.14 MediPharm Labs Inc.
Exhibit 156: MediPharm Labs Inc. - Overview
Exhibit 157: MediPharm Labs Inc. - Product / Service
Exhibit 158: MediPharm Labs Inc. - Key offerings
12.15 Mentor Capital Inc.
Exhibit 159: Mentor Capital Inc. - Overview
Exhibit 160: Mentor Capital Inc. - Business segments
Exhibit 161: Mentor Capital Inc. - Key offerings
Exhibit 162: Mentor Capital Inc. - Segment focus
12.16 PharmaHemp d.o.o.
Exhibit 163: PharmaHemp d.o.o. - Overview
Exhibit 164: PharmaHemp d.o.o. - Product / Service
Exhibit 165: PharmaHemp d.o.o. - Key offerings
12.17 Tilray Brands Inc.
Exhibit 166: Tilray Brands Inc. - Overview
Exhibit 167: Tilray Brands Inc. - Business segments
Exhibit 168: Tilray Brands Inc. - Key offerings
Exhibit 169: Tilray Brands Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 170: Inclusions checklist
Exhibit 171: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 172: Currency conversion rates for US$
13.4 Research methodology
Exhibit 173: Research methodology
Exhibit 174: Validation techniques employed for market sizing
Exhibit 175: Information sources
13.5 List of abbreviations
Exhibit 176: List of abbreviations